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REGISTERED NUMBER: 09833086 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

MONDIALE TECHNOLOGY MEDIA LIMITED

MONDIALE TECHNOLOGY MEDIA LIMITED (REGISTERED NUMBER: 09833086)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MONDIALE TECHNOLOGY MEDIA LIMITED

Company Information
for the Year Ended 30 June 2024







Directors: J P Gawne
A J Giles
D S Walsh





Registered office: Waterloo Place
Watson Square
Stockport
Cheshire
SK1 3AZ





Registered number: 09833086 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MONDIALE TECHNOLOGY MEDIA LIMITED (REGISTERED NUMBER: 09833086)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 450,000 -

Current assets
Debtors 6 413,757 100
Cash at bank 195,939 -
609,696 100
Creditors
Amounts falling due within one year 7 844,297 -
Net current (liabilities)/assets (234,601 ) 100
Total assets less current liabilities 215,399 100

Capital and reserves
Called up share capital 8 100 100
Retained earnings 215,299 -
Shareholders' funds 215,399 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





A J Giles - Director


MONDIALE TECHNOLOGY MEDIA LIMITED (REGISTERED NUMBER: 09833086)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

Mondiale Technology Media 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company is dependent, in the absence of other funding, on the continued financial support from it's parent company. The parent company has confirmed its commitment to provide the necessary support by providing adequate facilities.

On that basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates. value added tax and other sales taxes.

Advertising revenue is recognised upon publication of the magazine .

Subscription revenue is recognised in full upon invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MONDIALE TECHNOLOGY MEDIA LIMITED (REGISTERED NUMBER: 09833086)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 15 (2023 - NIL ) .

5. Intangible fixed assets
Goodwill
£   
Cost
Additions 450,000
At 30 June 2024 450,000
Net book value
At 30 June 2024 450,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 389,518 -
Other debtors 24,239 100
413,757 100

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 104,102 -
Amounts owed to group undertakings 517,500 -
Taxation and social security 110,285 -
Other creditors 112,410 -
844,297 -

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £0.10 100 100

9. Ultimate controlling party

The company is controlled by D Walsh by virtue of his majority shareholding.