REGISTERED NUMBER: 04094507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 30 OCTOBER 2024

FOR

LIQUID NEW MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C McKeefery

Mrs N Albano

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

04094507 (England and Wales)

FIXED ASSETS

Intangible assets

4

37,406

32,246

Tangible assets

5

3,352

4,506

Investments

6

5,744,629

5,943,668

5,785,387

5,980,420

CURRENT ASSETS

Debtors

7

14,383,219

13,256,198

Cash at bank

32,015,656

40,988,101

46,398,875

54,244,299

CREDITORS

Amounts falling due within one year

8

26,642

5,937,453

NET CURRENT ASSETS

46,372,233

48,306,846

TOTAL ASSETS LESS CURRENT LIABILITIES

52,157,620

54,287,266

PROVISIONS FOR LIABILITIES

9

10,189

9,188

NET ASSETS

52,147,431

54,278,078

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,147,331

54,277,978

52,147,431

54,278,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

Mr C McKeefery - Director

1.	STATUTORY INFORMATION

Liquid New Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Liquid New Media Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2023

32,561

Additions

9,265

At 30 October 2024

41,826

AMORTISATION

At 1 November 2023

315

Charge for period

4,105

At 30 October 2024

4,420

NET BOOK VALUE

At 30 October 2024

37,406

At 31 October 2023

32,246

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2023

5,166

116,229

121,395

Additions

760

-

760

At 30 October 2024

5,926

116,229

122,155

DEPRECIATION

At 1 November 2023

660

116,229

116,889

Charge for period

1,914

-

1,914

At 30 October 2024

2,574

116,229

118,803

NET BOOK VALUE

At 30 October 2024

3,352

-

3,352

At 31 October 2023

4,506

-

4,506

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 November 2023

and 30 October 2024

89,610

DEPRECIATION

At 1 November 2023

and 30 October 2024

89,610

NET BOOK VALUE

At 30 October 2024

-

At 31 October 2023

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 November 2023

-

5,943,668

5,943,668

Additions

146,513

-

146,513

Exchange differences

-

(345,552

)

(345,552

)

At 30 October 2024

146,513

5,598,116

5,744,629

NET BOOK VALUE

At 30 October 2024

146,513

5,598,116

5,744,629

At 31 October 2023

-

5,943,668

5,943,668

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

31,262

-

Other debtors

5,051,145

3,381,280

5,082,407

3,381,280

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

9,300,812

9,874,918

Aggregate amounts

14,383,219

13,256,198

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

379

31,744

Trade creditors

(532

)

540

Taxation and social security

4,510

2,909

Other creditors

22,285

5,902,260

26,642

5,937,453

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred taxation

10,189

9,188

Deferred

tax

£

Balance at 1 November 2023

9,188

Movement

1,001

Balance at 30 October 2024

10,189

10.	RELATED PARTY DISCLOSURES

There is an amount included within other debtors of £3,678,675 (2023: £2,715,059) which is owed to the company from April Springs Limited, a company in which Mr C McKeefery is director and shareholder.

The amount owed by the director at the year ended 31st October 2024 was £1,260,799 (2023: to the director £5,889,471).