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Registration number: 11005147

ITZA Media Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

[FRS 102 SECTION1A]
[FILLETED FOR FILING PURPOSES]

ITZA Media Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 9

ITZA Media Limited

Company Information

Directors | A J Bouchier J R F Duncan P Worth

Registered office | Suite 4 Club Row Studios 5 Old Nichol Street London E2 7HR

Accountants | Tremaines Ltd East Wing, South Hill Paddockhurst Road Turners Hill West Sussex RH10 4SF

ITZA Media Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

A J Bouchier

C G Hellyer (ceased 1 March 2024)

J R F Duncan

J D Holder (ceased 1 September 2024)

S De La Puente Wiese (ceased 24 June 2024)

P Worth

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:

......................................... A J Bouchier Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ITZA Media Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITZA Media Limited for the year ended 31 December 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of ITZA Media Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of ITZA Media Limited and state those matters that we have agreed to state to the Board of Directors of ITZA Media Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITZA Media Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ITZA Media Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ITZA Media Limited. You consider that ITZA Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ITZA Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Tremaines Ltd
East Wing, South Hill
Paddockhurst Road
Turners Hill
West Sussex
RH10 4SF

30 April 2025

ITZA Media Limited

(Registration number: 11005147)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 4 | 431,122 | 267,409
Cash at bank and in hand |  | 855,138 | 605,108
|  | 1,286,260 | 872,517
Creditors: Amounts falling due within one year | 5 | (132,231) | (70,992)
Total assets less current liabilities |  | 1,154,029 | 801,525
Creditors: Amounts falling due after more than one year | 5 | (4,167) | (14,167)
Net assets |  | 1,149,862 | 787,358
Capital and reserves |  |  |
Called up share capital | 6 | 408 | 381
Share premium reserve |  | 6,053,039 | 5,002,065
Retained earnings |  | (4,903,585) | (4,215,088)
Shareholders' funds |  | 1,149,862 | 787,358

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:

......................................... A J Bouchier Director

ITZA Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 4
Club Row Studios
5 Old Nichol Street
London
E2 7HR

These financial statements were authorised for issue by the Board on 30 April 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sales of good and provision of services, net of discounts and sales taxes, in the ordinary course of the Company’s activities. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Foreign currency transactions and balances

Transactions denominated in foreign currencies are initially recorded at the rate of exchange as at the date of the transaction. Year end balances are retranslated at the rate of exchange as at the year end with exchange differences included in arriving at profit before tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

ITZA Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reversed by the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The Company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

ITZA Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 12).

4 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 139,950 | 7,000
Prepayments | 13,656 | -
Other debtors | 277,516 | 260,409
| 431,122 | 267,409

ITZA Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | 33,060 | 24,786
Taxation and social security cost |  | 27,278 | 24,060
Bank loans and overdrafts | 7 | 10,000 | 10,064
Other creditors |  | 61,893 | 12,082
|  | 132,231 | 70,992
Due after one year |  |  |
Loans and borrowings | 7 | 4,167 | 14,167

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 7 | 4,167 | 14,167

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £0.0002 each | 1,784,032 | 356.81 | 1,784,032 | 356.81
Ordinary A shares of £0.0002 each | 253,877 | 50.78 | 122,502 | 24.50
| 2,037,909 | 407.58 | 1,906,534 | 381.31

7 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 4,167 | 14,167

ITZA Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 10,000 | 10,064