COMPANY REGISTRATION NUMBER:
2785570
|
Nexus Media Communications Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Nexus Media Communications Limited |
|
|
Statement of Financial Position |
|
31 December 2024
|
2024 |
2023 |
|
Note |
£ |
£ |
£ |
|
Creditors: amounts falling due after more than one year |
4 |
|
(
2,000,000) |
(
2,000,000) |
|
|
------------ |
------------ |
|
Net liabilities |
|
(
2,000,000) |
(
2,000,000) |
|
|
------------ |
------------ |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
500,000 |
500,000 |
|
Share premium account |
|
6,320,290 |
6,320,290 |
|
Capital redemption reserve |
|
70,000 |
70,000 |
|
Profit and loss account |
|
(
8,890,290) |
(
8,890,290) |
|
|
------------ |
------------ |
|
Shareholder deficit |
|
(
2,000,000) |
(
2,000,000) |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
18 September 2025
, and are signed on behalf of the board by:
Company registration number:
2785570
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Nexus Media Communications Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 208, Canalot Studios, 222 Kensal Road, London, W10 5BN, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Having made appropriate enquiries and having reviewed the company's forecasts and projections, the directors are of the opinion that the company has adequate resources to continue in operational existence for the foreseeable future (at least 12 months from the date the accounts are approved and signed) and to meet its obligations and settle its liabilities as they fall due for payment. Accordingly, the financial statements are prepared on the going concern basis.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholder deficit during the current year or prior year.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Other creditors |
2,000,000 |
2,000,000 |
|
------------ |
------------ |
|
|
|
(
a) Rights to Dividends The "A" Ordinary shares confer upon the holders thereof as a class the right to a cumulative participating dividend. The participating dividend ranks, in priority to any other shares in the capital of the company. The amount of the dividend equals 5% of the profit before tax per share less an amount equal to 5% of the issue price of each share and less any amount actually paid by way of interim dividend for such financial periods. The shareholders of the "A" ordinary shares have waived their right to dividends. (b) Voting rights One vote per share ranking pari passu with ordinary shares, which are fully paid up or credited as fully paid.
5.
Security
A fixed and floating charge including a negative pledge is in place covering all the property and undertakings of the company.
6.
Controlling party
The parent undertaking of the company is Nexus Holdings Limited, a company incorporated in England and Wales. The address of the registered office is Unit 208, Canalot Studios, 222 Kensal Road, London, England, W10 5BN. The ultimate parent company is Ergo Science Corporation, a company incorporated in the United States of America.