REGISTERED NUMBER: OC323706 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOWZAT MEDIA LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

D Soskin

Howzat Asset Managers Sarl

REGISTERED OFFICE:

Magma House

16 Davy Court

Caslte Mound Way

Rugby

Warwickshire

CV23 0UZ

REGISTERED NUMBER:

OC323706 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Investments

4

284,501

284,501

CURRENT ASSETS

Debtors

5

47,116

57,736

CREDITORS

Amounts falling due within one year

6

(8,092

)

(15,772

)

NET CURRENT ASSETS

39,024

41,964

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

323,525

326,465

LOANS AND OTHER DEBTS DUE TO MEMBERS

148,514

148,514

MEMBERS' OTHER INTERESTS

Capital accounts

104,680

104,680

Other reserves

70,331

73,271

323,525

326,465

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

148,514

148,514

Members' other interests

175,011

177,951

323,525

326,465

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

D Soskin - Designated member

1.	STATUTORY INFORMATION

Howzat Media LLP (OC323706) is a Limited Liability Partnership registered in England and Wales. Its registered office is Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated. The LLP has adopted FRS 102 Section 1A Small Entities in these financial statements.

The financial statements are presented in sterling and round to the nearest pound (£).

Turnover

Turnover represents dividends receivable. Where the partnership holds cumulative preference shares, dividends are accrued for as they accumulate; ordinary dividends are recognised when they are declared by the invested company. Dividends are shown inclusive of withholding tax.

Financial instruments

The LLP has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Investments

Fixed asset investments are shown at cost less provision for impairment. Consideration in respect of disposals is determined at the date of disposal, any subsequent amendments are processed through administrative expenses.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the member's agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Profits derived from dividend and interest income less any expense of the LLP are divided automatically in accordance to the members agreement and therefore such profits are classed as an expense through the profit and loss rather than an appropriation of equity.

Profits derived from capital profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, and therefore such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet.

The losses of the LLP shall, with effect from commencement date, be borne by the LLP and not allocated to the members and the members shall procure that all losses of the LLP are debited to a retained loss account.

All amounts due to the members that are classified as liabilities are presented in the balance sheet within 'Loans and other debt due to members' and are charged to profit and loss account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'.

Taxation

The taxation payable on the partnership's profits is the personal liability of the partners during the year. Consequently, neither partnership nor related deferred taxation are accounted for in the financial statements. Sums set aside in respect of partners' tax obligations are included in the balance sheet within loans and other debt due to partners or set against amounts due from partners as appropriate. Withholding tax is shown as an expense of the LLP.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

284,501

NET BOOK VALUE

At 31 December 2024

284,501

At 31 December 2023

284,501

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

47,116

57,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

28

7,048

Other creditors

8,064

8,724

8,092

15,772

In the event of the LLP being wound up, the balances shown within 'Loans and other debts due to members' would rank pari passu with unsecured creditors.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

8.	RELATED PARTY DISCLOSURES

At 31 December 2024, the LLP was owed £14,844 (2023: £12,468) by Howzat Junior LLP, a member of the LLP.

9.	ULTIMATE CONTROLLING PARTY

There is no one controlling party, as no one member has overall control, during the current or prior year.