Silverfin false false 31/07/2024 01/08/2023 31/07/2024 V Wilson 04/07/2013 17 April 2025 no description of principal activity 08596273 2024-07-31 08596273 bus:Director1 2024-07-31 08596273 2023-07-31 08596273 core:CurrentFinancialInstruments 2024-07-31 08596273 core:CurrentFinancialInstruments 2023-07-31 08596273 core:ShareCapital 2024-07-31 08596273 core:ShareCapital 2023-07-31 08596273 core:RetainedEarningsAccumulatedLosses 2024-07-31 08596273 core:RetainedEarningsAccumulatedLosses 2023-07-31 08596273 core:OtherPropertyPlantEquipment 2023-07-31 08596273 core:OtherPropertyPlantEquipment 2024-07-31 08596273 2023-08-01 2024-07-31 08596273 bus:FilletedAccounts 2023-08-01 2024-07-31 08596273 bus:SmallEntities 2023-08-01 2024-07-31 08596273 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08596273 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08596273 bus:Director1 2023-08-01 2024-07-31 08596273 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-08-01 2024-07-31 08596273 2022-08-01 2023-07-31 08596273 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 08596273 (England and Wales)

HOWTH MEDIA LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

HOWTH MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

HOWTH MEDIA LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
HOWTH MEDIA LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR V Wilson
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 08596273 (England and Wales)
HOWTH MEDIA LIMITED

BALANCE SHEET

As at 31 July 2024
HOWTH MEDIA LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 37,133 59,000
37,133 59,000
Current assets
Debtors 4 18,296 1,490,109
Cash at bank and in hand 3,228,123 1,296,787
3,246,419 2,786,896
Creditors: amounts falling due within one year 5 ( 624,900) ( 378,383)
Net current assets 2,621,519 2,408,513
Total assets less current liabilities 2,658,652 2,467,513
Net assets 2,658,652 2,467,513
Capital and reserves
Called-up share capital 1 1
Profit and loss account 2,658,651 2,467,512
Total shareholder's funds 2,658,652 2,467,513

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Howth Media Limited (registered number: 08596273) were approved and authorised for issue by the Director on 17 April 2025. They were signed on its behalf by:

V Wilson
Director
HOWTH MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
HOWTH MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Howth Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises the fair value of the consideration received or receivable for podcast fees, brand ambassador fees, and TV appearances fees, and is recognised in the period the services are provided. Turnover is shown net of sales/value added tax and rebates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 4 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2023 89,116 89,116
At 31 July 2024 89,116 89,116
Accumulated depreciation
At 01 August 2023 30,116 30,116
Charge for the financial year 21,867 21,867
At 31 July 2024 51,983 51,983
Net book value
At 31 July 2024 37,133 37,133
At 31 July 2023 59,000 59,000

4. Debtors

2024 2023
£ £
Trade debtors 0 283,798
Other debtors 18,296 1,206,311
18,296 1,490,109

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 2,580
Taxation and social security 318,900 369,803
Other creditors 306,000 6,000
624,900 378,383

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Balance brought forward 0 71,784
Advances/(credits) to the director 539,015 (17,692)
Dividend declared (539,015) (54,094)
Balance carried forward 0 0

Loan is interest free and repayable on demand.