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Registered number: 07212256
New European Media Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harris & Company (C.A.) Limited
New European Media Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
New European Media Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 07212256

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 105,214 |  | 105,214
Tangible Assets | 5 |  | 2,331 |  | 23,742
Investments | 6 |  | 39,102 |  | 39,102
|  |  | 146,647 |  | 168,058
CURRENT ASSETS
Debtors | 7 | 193,566 |  | 174,101 |
Cash at bank and in hand |  | 613,456 |  | 536,366 |
|  | 807,022 |  | 710,467 |
Creditors: Amounts Falling Due Within One Year | 8 | (597,640 ) |  | (554,450 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 209,382 |  | 156,017
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 356,029 |  | 324,075
NET ASSETS |  |  | 356,029 |  | 324,075
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 355,029 |  | 323,075
SHAREHOLDERS' FUNDS |  |  | 356,029 |  | 324,075

Page 1
Page 2
New European Media Ltd
Balance Sheet (continued)
As At 31 December 2024
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Ms Federica Gaida Director
27 October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
New European Media Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
New European Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07212256 . The registered office is Suite C, 4-6 Canfield Place, London, NW6 3BT .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 33.33%
Computer Equipment | 33.33%

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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New European Media Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2024 | 105,214
As at 31 December 2024 | 105,214
Net Book Value
As at 31 December 2024 | 105,214
As at 1 January 2024 | 105,214

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New European Media Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 115,151 | 4,510 | 119,661
Additions | - | 1,945 | 1,945
As at 31 December 2024 | 115,151 | 6,455 | 121,606
Depreciation
As at 1 January 2024 | 92,681 | 3,238 | 95,919
Provided during the period | 22,470 | 886 | 23,356
As at 31 December 2024 | 115,151 | 4,124 | 119,275
Net Book Value
As at 31 December 2024 | - | 2,331 | 2,331
As at 1 January 2024 | 22,470 | 1,272 | 23,742

6. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 39,102
As at 31 December 2024 | 39,102
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 39,102
As at 1 January 2024 | 39,102

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 113,983 |  | 142,481
Other debtors | 79,583 |  | 31,620
| 193,566 |  | 174,101

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New European Media Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 292,479 |  | 260,298
Other creditors | 283,733 |  | 273,949
Taxation and social security | 21,428 |  | 20,203
| 597,640 |  | 554,450

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Ms Federica Gaida | - | 18,708 | - | - | 18,708

The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
The company has an interest free loan of £4,494 to Mr Luciano.
The company has an interest free loan of £12,691 to Caffeina Media Srl.
The company has an interest free loan of £2,779 to My Web Domains Ltd, a company in which Mr Luciano is a director (a beneficial owner of New European Media Ltd)
The company has an interest free loan of £5,742 with New Italian Media Ltd, a company in which Mr Luciano is a director (a beneficial owner of New European Media Ltd).
The company has an interest free loan of £5,791 to Business Italy Ltd, a company in which Mr Luciano is a director (a beneficial owner of New European Media Ltd)
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