IRIS Accounts Production v21.3.0.583 08457190 Board of Directors Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084571902020-12-31084571902021-12-31084571902021-01-012021-12-31084571902019-12-31084571902020-01-012020-12-31084571902020-12-3108457190ns16:EnglandWales2021-01-012021-12-3108457190ns15:PoundSterling2021-01-012021-12-3108457190ns11:Director12021-01-012021-12-3108457190ns11:Director22021-01-012021-12-3108457190ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3108457190ns11:SmallEntities2021-01-012021-12-3108457190ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3108457190ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3108457190ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3108457190ns11:FullAccounts2021-01-012021-12-3108457190ns11:RegisteredOffice2021-01-012021-12-3108457190ns6:CurrentFinancialInstruments2021-12-3108457190ns6:CurrentFinancialInstruments2020-12-3108457190ns6:Non-currentFinancialInstruments2021-12-3108457190ns6:Non-currentFinancialInstruments2020-12-3108457190ns6:ShareCapital2021-12-3108457190ns6:ShareCapital2020-12-3108457190ns6:FurtherSpecificReserve1ComponentTotalEquity2021-12-3108457190ns6:FurtherSpecificReserve1ComponentTotalEquity2020-12-3108457190ns6:RetainedEarningsAccumulatedLosses2021-12-3108457190ns6:RetainedEarningsAccumulatedLosses2020-12-3108457190ns6:FurnitureFittings2021-01-012021-12-3108457190ns6:ComputerEquipment2021-01-012021-12-3108457190ns6:FurnitureFittings2020-12-3108457190ns6:ComputerEquipment2020-12-3108457190ns6:FurnitureFittings2021-12-3108457190ns6:ComputerEquipment2021-12-3108457190ns6:FurnitureFittings2020-12-3108457190ns6:ComputerEquipment2020-12-3108457190ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-12-3108457190ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-12-31
REGISTERED NUMBER: 08457190 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

THE MEDIA TREE PROJECT LIMITED

THE MEDIA TREE PROJECT LIMITED (REGISTERED NUMBER: 08457190)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MEDIA TREE PROJECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Ms L M Borde
Ms F N Delgado-Urena





REGISTERED OFFICE: Unicorn House
221-222 Shoreditch High Street
London
E1 6PJ





REGISTERED NUMBER: 08457190 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

THE MEDIA TREE PROJECT LIMITED (REGISTERED NUMBER: 08457190)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,624 28,954

CURRENT ASSETS
Debtors 5 240,379 267,869
Cash at bank and in hand 214,006 131,905
454,385 399,774
CREDITORS
Amounts falling due within one year 6 212,422 196,219
NET CURRENT ASSETS 241,963 203,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,587

232,509

CREDITORS
Amounts falling due after more than one year 7 (40,000 ) (50,000 )

PROVISIONS FOR LIABILITIES (2,969 ) (5,501 )
NET ASSETS 214,618 177,008

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Other reserves 4,000 4,000
Retained earnings 206,618 169,008
214,618 177,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE MEDIA TREE PROJECT LIMITED (REGISTERED NUMBER: 08457190)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2022 and were signed on its behalf by:




Ms L M Borde - Director



Ms F N Delgado-Urena - Director


THE MEDIA TREE PROJECT LIMITED (REGISTERED NUMBER: 08457190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

The Media Tree Project Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Government grants
Government grants relating to revenue expenditure are recognised as income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2020 - 12 ) .

THE MEDIA TREE PROJECT LIMITED (REGISTERED NUMBER: 08457190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 13,743 70,623 84,366
Additions - 3,470 3,470
At 31 December 2021 13,743 74,093 87,836
DEPRECIATION
At 1 January 2021 9,306 46,106 55,412
Charge for year 2,748 14,052 16,800
At 31 December 2021 12,054 60,158 72,212
NET BOOK VALUE
At 31 December 2021 1,689 13,935 15,624
At 31 December 2020 4,437 24,517 28,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 146,526 154,642
Other debtors 93,853 113,227
240,379 267,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors 117,407 123,309
Taxation and social security 38,928 17,515
Other creditors 46,087 55,395
212,422 196,219

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 40,000 50,000