ACCOUNTS - Final Accounts

Registered number: 02086285

OPEN MEDIA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025


OPEN MEDIA LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


OPEN MEDIA LIMITED REGISTERED NUMBER:02086285

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		247		415
Current assets
Debtors: amounts falling due within one year	5	-		344
Cash at bank and in hand		3,314		7,264
		3,314		7,608
Current liabilities
Creditors: amounts falling due within one year	6	(127,329)		(126,757)
Net current liabilities			(124,015)		(119,149)

Net liabilities			(123,768)		(118,734)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(123,868)	(118,834)
		(123,768)	(118,734)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 October 2025.

A Cody

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


OPEN MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Open Media Limited is a private company, limited by shares, incorporated in England and Wales with its registered office address at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, United Kingdom, W1K 3NB.
The principal activity of the company continued to be the exploitation of television rights.
The financial statements are presented in £ Sterling, which is the functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the shareholder who has provided an interest free loan of £125,867 (2024 - £125,507).

2.3

Turnover

Turnover represents amounts receivable from the exploitation of television rights during the year, exclusive of Value Added Tax.
Turnover is recognised at the point the company is contractually entitled to the income.

Page 2


OPEN MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures & fittings

25%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.5

Debtors

Short term debtors are measured at the transaction price.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty.

2.7

Creditors

Short term creditors are measured at the transaction price.

Employees

The director was the only employee of the Company during the current and the preceding year.

Page 3


OPEN MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost
	At 1 June 2024	15,868
	At 31 May 2025	15,868
	Depreciation
	At 1 June 2024	15,453
	Charge for the year on owned assets	168
	At 31 May 2025	15,621
	Net book value
	At 31 May 2025	247
	At 31 May 2024	415

Debtors

					2025	2024
					£	£


Other debtors	-	344

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Taxation and social security	12	-
Other creditors	125,867	125,507
Accruals and deferred income	1,450	1,250
	127,329	126,757

Page 4


OPEN MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100

Page 5