ATECH MEDIA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
Atech Media Holdings Limited is a private company company limited by shares and incorporated in England and Wales, registration number 11333245. The registered office is Kemp House, 152-160 City Road, London, EC1V 2NX.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The following principal accounting policies have been applied:
The company has now ceased to trade and has no intention of trading in the forseeable future. However, should the company begin to trade again, the directors have a reasonable expectation that they can provide adequate resources to operate in the future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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.
Short-term 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.
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The average monthly number of employees, including directors, during the year was
3
(2021 -
3
)
.
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