The media firm owned by journalist Vincent Browne further reduced its accumulated losses by €135,831 last year, new figures show.

Accounts filed by Browne's Village Communications Ltd show it cut accumulated losses from €568,445 to €432,614 in the 12 months to the end of December.

The 2013 performance continues a strong run in which the company has reduced its accumulated losses from €1 million at the end of 2010.

The losses had accumulated through Browne's publication of Village magazine. Browne's editorship ceased in 2008. It is published by Ormond Quay Publishing Ltd.

Village Communications Ltd continues to trade through Browne's TV3 income as it pays down the debts built up by Browne's Village venture.

According to accounts just filed with the Companies Office, the amount Village Communications Ltd owes reduced further last year from €348,991 to €247,396.

This is down from €1,064,307 owed at the end of 2009.

The accounts – signed off by The Irish Times columnist on April 14th – show that the firm owed €15,714 in VAT and PAYE at the end of December.