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REGISTERED NUMBER: 04448130 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HOMEPAGE MEDIA LIMITED

HOMEPAGE MEDIA LIMITED (REGISTERED NUMBER: 04448130)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOMEPAGE MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr I Winter
Mr M Frith





SECRETARY: Mr M Frith





REGISTERED OFFICE: Old Yafford Farm
Mill Lane
Yafford
Newport
Isle of Wight
PO30 3LH





REGISTERED NUMBER: 04448130 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

HOMEPAGE MEDIA LIMITED (REGISTERED NUMBER: 04448130)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 963 1,285

CURRENT ASSETS
Debtors 5 56,241 54,171
Cash at bank and in hand 17,409 23,003
73,650 77,174
CREDITORS
Amounts falling due within one year 6 32,379 33,430
NET CURRENT ASSETS 41,271 43,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,234

45,029

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 42,232 45,027
SHAREHOLDERS' FUNDS 42,234 45,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




Mr I Winter - Director


HOMEPAGE MEDIA LIMITED (REGISTERED NUMBER: 04448130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 year was 1 (2023 - 1 ) .

HOMEPAGE MEDIA LIMITED (REGISTERED NUMBER: 04448130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 June 2023
and 31 May 2024 7,615
DEPRECIATION
At 1 June 2023 6,330
Charge for year 322
At 31 May 2024 6,652
NET BOOK VALUE
At 31 May 2024 963
At 31 May 2023 1,285

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 47,089 45,995
Deferred tax asset 9,152 8,176
56,241 54,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Social security and other taxes 1,234 844
VAT 4,705 5,270
Other creditors 25,467 26,343
Accrued expenses 973 973
32,379 33,430

Other creditors consists of net wages due of £1,700 (2023: £Nil), pensions contributions payable of £9,524 (2023: £8,096), an amount due to Hotel Mike Limited of £9,956 (2023: £11,330) and an amount due to Wigwam Publishing Services Limited of £4,287 (2023: £6,917).

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

HOMEPAGE MEDIA LIMITED (REGISTERED NUMBER: 04448130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. RELATED PARTY DISCLOSURES

Mr I C Winter, a director and shareholder of Homepage Media Limited, is also a director and shareholder of Wigwam Publishing Limited and Hotel Mike Limited.

Mr M Frith, a director and shareholder in Homepage Media Limited, is also a director and shareholder of Hotel Mike Limited.

During the year the company invoiced Wigwam Publishing Limited £5,803 (2023: £12,237) net of VAT, for the provision of services. As at 31 May 2024, Wigwam Publishing Limited does not owe any money to the company.

At the balance sheet date, £4,287 (2023: £6,917) owing to Wigwam Publishing Limited is included in other creditors.

The company also invoiced Hotel Mike Limited £14,820 (2023: £16,194) net of VAT, for the provision of services. As at 31 May 2024, Hotel Mike Limited does not owe any money to the company.

At the balance sheet date, £9,956 (2023: £11,330) owing to Hotel Mike Limited is included in other creditors.

All transactions between the companies and Homepage Media Limited are consider to be at arm's length and at fair market value.

9. ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. The directors between them control the issued share capital.