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REGISTERED NUMBER: 06828317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024

FOR

SHARPSTREAM LIMITED

SHARPSTREAM LIMITED (REGISTERED NUMBER: 06828317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHARPSTREAM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024







DIRECTORS: C P Davies
S Myciunka
C J Jones





SECRETARY: Bauer Group Secretariat Limited





REGISTERED OFFICE: Media House
Lynch Wood
Peterborough
PE2 6EA





REGISTERED NUMBER: 06828317 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

SHARPSTREAM LIMITED (REGISTERED NUMBER: 06828317)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,280 30,385
Investments 5 352,604 352,604
359,884 382,989

CURRENT ASSETS
Debtors 6 135,915 35,750
Cash at bank 21,167 82,595
157,082 118,345
CREDITORS
Amounts falling due within one year 7 193,032 91,189
NET CURRENT (LIABILITIES)/ASSETS (35,950 ) 27,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,934

410,145

CREDITORS
Amounts falling due after more than one
year

8

16,234

27,936
NET ASSETS 307,700 382,209

CAPITAL AND RESERVES
Called up share capital 856 856
Share premium 10 354,738 354,738
Retained earnings 10 (47,894 ) 26,615
307,700 382,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





C J Jones - Director


SHARPSTREAM LIMITED (REGISTERED NUMBER: 06828317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024

1. STATUTORY INFORMATION

Sharpstream Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 8,452 420,682 429,134
Additions 167 2,841 3,008
At 29 April 2024 8,619 423,523 432,142
DEPRECIATION
At 1 May 2023 8,286 390,463 398,749
Charge for period 87 26,026 26,113
At 29 April 2024 8,373 416,489 424,862
NET BOOK VALUE
At 29 April 2024 246 7,034 7,280
At 30 April 2023 166 30,219 30,385

SHARPSTREAM LIMITED (REGISTERED NUMBER: 06828317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 May 2023
and 29 April 2024 352,604
NET BOOK VALUE
At 29 April 2024 352,604
At 30 April 2023 352,604

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,837 35,750
Other debtors 10,715 -
Accrued income 6,791 -
Prepayments 7,572 -
135,915 35,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,985 13,409
Trade creditors 26,275 24,249
Tax 3,830 -
Social security and other taxes 7,452 8,996
VAT 27,727 25,265
Other creditors 16,133 16,968
Deferred income 82,231 -
Accrued expenses 14,399 2,302
193,032 91,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 14,985 13,409
Bank loans - 2-5 years 1,249 14,527
16,234 27,936

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 49,313

SHARPSTREAM LIMITED (REGISTERED NUMBER: 06828317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 26,615 354,738 381,353
Profit for the period 4,479 4,479
Dividends (78,988 ) (78,988 )
At 29 April 2024 (47,894 ) 354,738 306,844

11. POST BALANCE SHEET EVENTS

On 30 April 2024 100% of the company share capital was acquired by Bauer Radio Limited.

Iono Broadcasting Proprietary Ltd (held within fixed asset investments) was also disposed on this date. The loss on disposal amounted to £300,384.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Brown, T C Foulsham, & D Streeter.

This was by virtue of their 88% holding of the issued share capital.