TEACHERS_MEDIA_PLC - Accounts

The directors present the strategic report for the year ended 30 June 2022.

During the accounting period the company's activities were those of a holding company, with all of its subsidiaries held indirectly through Teachers Media International Limited. On 23 January 2017, Teacher's Media International Limited went into liquidation.

The principal risk to the Company is that it will not be able to raise sufficient funds to carry on in business until it is able to find another business opportunity in the technology enabled education business.

The Company's ability to be a successful and profitable company also depends on the continued service of its directors.

Whilst your Directors realise that there is a minor cash burn in maintaining the company, they consider that the company has adequate resources to maintain it in its present state and appreciate the necessity to continue to explore other opportunities.

Key Performance Indicators

At this stage of the company's development, the key performance indicators that the directors monitor are management of liquid resources i.e. cash flows and bank balances together with general administrative expenses, which are tightly controlled.

There are no non-financial performance indicators being used at present.

On behalf of the board

The directors present their annual report and financial statements for the year ended 30 June 2022.

The principal activity of the company continued to be that of providing educational support services.

The results for the year are set out on .

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

For the financial year ended 30 June 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

Teachers Media PLC is a private company limited by shares incorporated in England and Wales. The registered office is Finsgate, 5-7 Cranwood Street, London, EC1V 9EE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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.

The average monthly number of persons (including directors) employed by the company during the year was:

As at the year end, the company owed the director £6,000 (2021 - £6,000) in respect of an interest free loan, repayable on demand.