Silverfin false false 31/08/2024 01/09/2023 31/08/2024 D S Glick 22/05/2003 08 May 2025 The principal activity of the company continued to be that of advisory services to the media and entertainment industries. 04773860 2024-08-31 04773860 bus:Director1 2024-08-31 04773860 2023-08-31 04773860 core:CurrentFinancialInstruments 2024-08-31 04773860 core:CurrentFinancialInstruments 2023-08-31 04773860 core:ShareCapital 2024-08-31 04773860 core:ShareCapital 2023-08-31 04773860 core:RetainedEarningsAccumulatedLosses 2024-08-31 04773860 core:RetainedEarningsAccumulatedLosses 2023-08-31 04773860 core:Vehicles 2023-08-31 04773860 core:FurnitureFittings 2023-08-31 04773860 core:ComputerEquipment 2023-08-31 04773860 core:Vehicles 2024-08-31 04773860 core:FurnitureFittings 2024-08-31 04773860 core:ComputerEquipment 2024-08-31 04773860 bus:OrdinaryShareClass1 2024-08-31 04773860 bus:OrdinaryShareClass2 2024-08-31 04773860 2023-09-01 2024-08-31 04773860 bus:FilletedAccounts 2023-09-01 2024-08-31 04773860 bus:SmallEntities 2023-09-01 2024-08-31 04773860 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04773860 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04773860 bus:Director1 2023-09-01 2024-08-31 04773860 core:Vehicles core:TopRangeValue 2023-09-01 2024-08-31 04773860 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-08-31 04773860 core:ComputerEquipment core:TopRangeValue 2023-09-01 2024-08-31 04773860 2022-09-01 2023-08-31 04773860 core:Vehicles 2023-09-01 2024-08-31 04773860 core:FurnitureFittings 2023-09-01 2024-08-31 04773860 core:ComputerEquipment 2023-09-01 2024-08-31 04773860 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04773860 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 04773860 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 04773860 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04773860 (England and Wales)

EDGE MEDIA LIMITED

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

EDGE MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

EDGE MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
EDGE MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 35,634 44,634
35,634 44,634
Current assets
Debtors 4 420 2,321
Cash at bank and in hand 18,916 384
19,336 2,705
Creditors: amounts falling due within one year 5 ( 10,119) ( 104,961)
Net current assets/(liabilities) 9,217 (102,256)
Total assets less current liabilities 44,851 (57,622)
Net assets/(liabilities) 44,851 ( 57,622)
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 44,850 ( 57,623 )
Total shareholders' funds/(deficit) 44,851 ( 57,622)

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

Director's responsibilities:

The financial statements of Edge Media Limited (registered number: 04773860) were approved and authorised for issue by the Director on 08 May 2025. They were signed on its behalf by:

D S Glick
Director
EDGE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
EDGE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Edge 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 13-14 Welbeck Street, London, W1G 9XU, 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 £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

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 Statement of Financial Position 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:

Vehicles 4 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 3 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

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. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 September 2023 7,500 49,714 11,227 68,441
Additions 0 4,175 0 4,175
At 31 August 2024 7,500 53,889 11,227 72,616
Accumulated depreciation
At 01 September 2023 7,500 9,912 6,395 23,807
Charge for the financial year 0 10,512 2,663 13,175
At 31 August 2024 7,500 20,424 9,058 36,982
Net book value
At 31 August 2024 0 33,465 2,169 35,634
At 31 August 2023 0 39,802 4,832 44,634

4. Debtors

2024 2023
£ £
Other debtors 420 2,321

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 0 30,000
Taxation and social security 2,794 0
Other creditors 7,325 74,961
10,119 104,961

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
70 A ordinary shares of £ 0.01 each 0.70 0.70
30 B ordinary shares of £ 0.01 each 0.30 0.30
1.00 1.00

7. Related party transactions

The following amounts were outstanding at the reporting end date:

2024 2023
£ £
Amounts due to key management personnel 4,825 70,461
Amounts due to other related parties 0 30,000
0 0
4,825 100,461