TheNetworkone Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05619502

TheNetworkone Management Limited

Filleted Unaudited Financial Statements

31 December 2024

TheNetworkone Management Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Current assets

Debtors	6	40	238
Cash at bank and in hand		31,399	6,669
		--------	-------
		31,439	6,907

Creditors: amounts falling due within one year	7	( 35,577)		( 8,908)
		--------		-------
Net current liabilities			( 4,138)	( 2,001)
			-------	-------
Total assets less current liabilities			( 4,138)	( 2,001)
			-------	-------
Net liabilities			( 4,138)	( 2,001)
			-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 4,238)	( 2,101)
	-------	-------
Shareholders deficit	( 4,138)	( 2,001)
	-------	-------

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 statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his 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 28 September 2025 , and are signed on behalf of the board by:

Mr J R Boulding
Director

Company registration number: 05619502

TheNetworkone Management Limited

Notes to the Financial Statements

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 10 Orange Street, Haymarket, London, WC2H 7DQ.

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 and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account when arriving at the operating profit.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	20% straight line
Computer Equipment	-	33% straight line
Office Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Land and buildings	Computer Equipment	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024	12,418	6,905	2,371	21,694
Disposals	( 12,418)	( 6,905)	( 2,371)	( 21,694)
	--------	-------	-------	--------
At 31 December 2024	–	–	–	–
	--------	-------	-------	--------
Depreciation
At 1 January 2024	12,418	6,905	2,371	21,694
Disposals	( 12,418)	( 6,905)	( 2,371)	( 21,694)
	--------	-------	-------	--------
At 31 December 2024	–	–	–	–
	--------	-------	-------	--------
Carrying amount
At 31 December 2024	–	–	–	–
	--------	-------	-------	--------
At 31 December 2023	–	–	–	–
	--------	-------	-------	--------

6. Debtors

	2024	2023
	£	£
Other debtors	40	238
	----	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	3,076	2,025
Other creditors	32,501	6,883
	--------	-------
	35,577	8,908
	--------	-------

8. Related party transactions

At the year end the company owed £30,939 (2023 £5,071) to connected companies.