News API Ltd 31/03/2025 iXBRL

Company registration number: 11090021

News API Ltd

Unaudited filleted financial statements

31 March 2025

News API Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

News API Ltd

Directors and other information


	Director	Jordan Nesbitt


	Company number	11090021


	Registered office	128 City Road
		London
		EC1V 2NX


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

News API Ltd

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of News API Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of News API Ltd for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of News API Ltd, as a body, in accordance with the terms of our engagement letter dated 23 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of News API Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than News API Ltd and its director as a body for our work or for this report.

It is your duty to ensure that News API Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of News API Ltd. You consider that News API Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of News API Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

3 December 2025

News API Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,470		1,886
		_________		_________
			3,470		1,886

Current assets
Debtors	6	700,685		700,445
Cash at bank and in hand		797,478		835,221
		_________		_________
		1,498,163		1,535,666
Creditors: amounts falling due
within one year	7	( 327,491)		( 295,388)
		_________		_________
Net current assets			1,170,672		1,240,278
			_________		_________
Total assets less current liabilities			1,174,142		1,242,164


Provisions for liabilities			( 870)		( 500)

			_________		_________
Net assets			1,173,272		1,241,664
			_________		_________

Capital and reserves
Called up share capital			1		1
Profit and loss account			1,173,271		1,241,663
			_________		_________
Shareholders funds			1,173,272		1,241,664
			_________		_________

For the year ending 31 March 2025 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 03 December 2025 , and are signed on behalf of the board by:

Jordan Nesbitt

Director

Company registration number: 11090021

News API Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 City Road, London, EC1V 2NX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:


Fittings fixtures and equipment	-	Straight line over five years
Computer equipment	-	Straight line over three years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1 April 2024	-	9,346	9,346
Additions	1,194	1,920	3,114
	_________	_________	_________
At 31 March 2025	1,194	11,266	12,460
	_________	_________	_________
Depreciation
At 1 April 2024	-	7,460	7,460
Charge for the year	33	1,497	1,530
	_________	_________	_________
At 31 March 2025	33	8,957	8,990
	_________	_________	_________
Carrying amount
At 31 March 2025	1,161	2,309	3,470
	_________	_________	_________
At 31 March 2024	-	1,886	1,886
	_________	_________	_________

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	700,685	700,445
	_________	_________

The loan to GGWP Holdings Ltd is interest free and repayable on demand.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11,667	-
Corporation tax	209,352	205,772
Other creditors	106,472	89,616
	_________	_________
	327,491	295,388
	_________	_________

The amount due to 41 CRNET Ltd is interest free and repayable on demand.

8. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Jordan Nesbitt	( 3,192)	( 832)	( 4,024)
		_________	_________	_________

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Jordan Nesbitt	( 2,418)	( 774)	( 3,192)
		_________	_________	_________