Company No:
Contents
DIRECTOR | V Wilson |
REGISTERED OFFICE | 22 Chancery Lane |
London | |
WC2A 1LS | |
England | |
United Kingdom |
COMPANY NUMBER | 08596273 (England and Wales) |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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4,600 | 9,200 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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1,606,677 | 966,584 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 1,324,519 | 840,758 | ||
Total assets less current liabilities | 1,329,119 | 849,958 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Howth Media Limited (registered number:
V Wilson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Howth Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 August 2021 |
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At 31 July 2022 |
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Accumulated depreciation | |||
At 01 August 2021 |
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Charge for the financial year |
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At 31 July 2022 |
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Net book value | |||
At 31 July 2022 |
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At 31 July 2021 |
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2022 | 2021 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by director |
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Accrued income |
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2022 | 2021 | ||
£ | £ | ||
Trade creditors |
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Accruals |
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Taxation and social security |
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Other related party transactions
2022 | 2021 | ||
£ | £ | ||
Balance brought forward | 71,237 | 69,172 | |
Advances/(credits) to the director | 270,547 | 2,065 | |
Balance carried forward | 341,784 | 71,237 |
Loan is interest free and repayable on demand.