for the Period Ended 30 September 2024
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
|
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£ |
£ |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2024
Basis of measurement and preparation
for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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The CIC has been dormant throughout the financial year as the plan was put in place to create a virtual newsroom bringing all of the NewsX communities together, and a sophisticated taxonomy allowing the efficient movement of content between related editorial teams, publishers and consumers of news. The purpose is not profit but journalism. That will allow NewsX to put 100% of the investment in NewsX tokens back into the editorial teams that will run the network of communities. We will also offer goods and services for commercial partners that can be purchased with NewsX coins. The plan is for the company to start trading in the future.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
25 June 2025
And signed on behalf of the board by:
Name: M J Leidig
Status: Director