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REGISTERED NUMBER: 12915944 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NICHE MEDIA GLOBAL LIMITED

NICHE MEDIA GLOBAL LIMITED (REGISTERED NUMBER: 12915944)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NICHE MEDIA GLOBAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T Davidson
Mrs M A D Davidson





REGISTERED OFFICE: 22 Elnathan Mews
London
W9 2JE





REGISTERED NUMBER: 12915944 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

NICHE MEDIA GLOBAL LIMITED (REGISTERED NUMBER: 12915944)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 313 913
Investments 5 11,407 -
11,720 913

CURRENT ASSETS
Debtors 6 76,922 104,703
Cash at bank 122,385 292,812
199,307 397,515
CREDITORS
Amounts falling due within one year 7 88,381 138,576
NET CURRENT ASSETS 110,926 258,939
TOTAL ASSETS LESS CURRENT LIABILITIES 122,646 259,852

PROVISIONS FOR LIABILITIES 78 -
NET ASSETS 122,568 259,852

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 2,963 -
Retained earnings 119,604 259,851
122,568 259,852

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by:





T Davidson - Director


NICHE MEDIA GLOBAL LIMITED (REGISTERED NUMBER: 12915944)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Niche Media Global 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or is there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 1 ) .

NICHE MEDIA GLOBAL LIMITED (REGISTERED NUMBER: 12915944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 1,799
DEPRECIATION
At 1 October 2023 886
Charge for year 600
At 30 September 2024 1,486
NET BOOK VALUE
At 30 September 2024 313
At 30 September 2023 913

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 10,955
Disposals (2,511 )
Revaluations 2,963
At 30 September 2024 11,407
NET BOOK VALUE
At 30 September 2024 11,407

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 2,963
Cost 8,444
11,407

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 8,444 -

Fixed asset investments were valued on an open market basis on 30 September 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,098 44,431
Other debtors 27,846 -
VAT 9,172 55,211
Accrued income 806 5,061
76,922 104,703

NICHE MEDIA GLOBAL LIMITED (REGISTERED NUMBER: 12915944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 26,077
Tax 77,619 107,317
Directors' loan accounts 10,088 4,965
Accrued expenses 674 217
88,381 138,576

8. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 2,963

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, T Davidson increased his loan to the company. As at 30 September 2024, the company owed him £9,040 (2023: £4,965). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, M Davidson introduced her loan to the company. As at 30 September 2024, the company owed her £1,048. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. POST BALANCE SHEET EVENTS

During December 2024, Niche Media Global Ltd became aware of circumstances that the loan they had provided to another media services company was unlikely to be repaid. After the year end the company has since defaulted on this loan.. The balance owed to Niche Media Global Ltd was £20,000.

11. ULTIMATE CONTROLLING PARTY

The controlling party is T Davidson.

This was by virtue of his 100% holding of the issued share capital.