Company Registration No. 05845378 (England and Wales)
COSMOPOLIS MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
COSMOPOLIS MEDIA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
COSMOPOLIS MEDIA LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
900
1,714
Current assets
Debtors
4
6,866
12,491
Cash at bank and in hand
9,457
7,190
16,323
19,681
Creditors: amounts falling due within one year
5
(9,159)
(11,215)
Net current assets
7,164
8,466
Total assets less current liabilities
8,064
10,180
Creditors: amounts falling due after more than one year
6
(3,704)
(6,691)
Net assets
4,360
3,489
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,260
3,389
Total equity
4,360
3,489

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 26 March 2025
A Lebor
Director
Company Registration No. 05845378
COSMOPOLIS MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Cosmopolis Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Straight line method
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

COSMOPOLIS MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
COSMOPOLIS MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 July 2023 and 30 June 2024
3,557
Depreciation and impairment
At 1 July 2023
1,843
Depreciation charged in the year
814
At 30 June 2024
2,657
Carrying amount
At 30 June 2024
900
At 30 June 2023
1,714
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,308
2,496
Corporation tax recoverable
-
0
1,076
Other debtors
1,548
8,409
Prepayments and accrued income
1,010
510
6,866
12,491
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,400
2,400
Corporation tax
2,596
3,503
Other taxation and social security
2,058
2,846
Other creditors
103
541
Accruals
2,002
1,925
9,159
11,215
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,704
6,691
COSMOPOLIS MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
7
Related party transactions

Other debtors include a balance of £1,548 (2023: £8,409) owed to the company by the director.

2024-06-302023-07-01falsefalsefalse26 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityA Lebor058453782023-07-012024-06-30058453782024-06-30058453782023-06-3005845378core:FurnitureFittings2024-06-3005845378core:FurnitureFittings2023-06-3005845378core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3005845378core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3005845378core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3005845378core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3005845378core:CurrentFinancialInstruments2024-06-3005845378core:CurrentFinancialInstruments2023-06-3005845378core:ShareCapital2024-06-3005845378core:ShareCapital2023-06-3005845378core:RetainedEarningsAccumulatedLosses2024-06-3005845378core:RetainedEarningsAccumulatedLosses2023-06-3005845378bus:Director12023-07-012024-06-3005845378core:FurnitureFittings2023-07-012024-06-30058453782022-07-012023-06-3005845378core:FurnitureFittings2023-06-3005845378core:Non-currentFinancialInstruments2024-06-3005845378core:Non-currentFinancialInstruments2023-06-3005845378bus:PrivateLimitedCompanyLtd2023-07-012024-06-3005845378bus:FRS1022023-07-012024-06-3005845378bus:AuditExemptWithAccountantsReport2023-07-012024-06-3005845378bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005845378bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP