IRIS Accounts Production v23.2.0.158 10719970 Board of Directors 1.1.22 31.12.22 31.12.22 30/9/2023 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure107199702021-12-31107199702022-12-31107199702022-01-012022-12-31107199702020-12-31107199702021-01-012021-12-31107199702021-12-3110719970ns16:EnglandWales2022-01-012022-12-3110719970ns15:PoundSterling2022-01-012022-12-3110719970ns11:Director12022-01-012022-12-3110719970ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3110719970ns11:SmallEntities2022-01-012022-12-3110719970ns11:Audited2022-01-012022-12-3110719970ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3110719970ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3110719970ns11:FullAccounts2022-01-012022-12-311071997012022-01-012022-12-3110719970ns11:Director22022-01-012022-12-3110719970ns11:RegisteredOffice2022-01-012022-12-3110719970ns6:CurrentFinancialInstruments2022-12-3110719970ns6:CurrentFinancialInstruments2021-12-3110719970ns6:Non-currentFinancialInstruments2022-12-3110719970ns6:Non-currentFinancialInstruments2021-12-3110719970ns6:ShareCapital2022-12-3110719970ns6:ShareCapital2021-12-3110719970ns6:RetainedEarningsAccumulatedLosses2022-12-3110719970ns6:RetainedEarningsAccumulatedLosses2021-12-3110719970ns6:NetGoodwill2022-01-012022-12-3110719970ns6:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110719970ns6:NetGoodwill2021-12-3110719970ns6:NetGoodwill2022-12-3110719970ns6:NetGoodwill2021-12-3110719970ns6:FurnitureFittings2021-12-3110719970ns6:ComputerEquipment2021-12-3110719970ns6:FurnitureFittings2022-01-012022-12-3110719970ns6:ComputerEquipment2022-01-012022-12-3110719970ns6:FurnitureFittings2022-12-3110719970ns6:ComputerEquipment2022-12-3110719970ns6:FurnitureFittings2021-12-3110719970ns6:ComputerEquipment2021-12-3110719970ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3110719970ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31
REGISTERED NUMBER: 10719970 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Measured Media Ltd

Measured Media Ltd (Registered number: 10719970)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Measured Media Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: T Madge
M Chittenden





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 10719970 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Measured Media Ltd (Registered number: 10719970)

Balance Sheet
31 December 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,500 107,500
Tangible assets 5 2,190 2,643
89,690 110,143

CURRENT ASSETS
Debtors 6 618,816 475,159
Cash at bank and in hand 341,730 173,798
960,546 648,957
CREDITORS
Amounts falling due within one year 7 682,622 670,839
NET CURRENT ASSETS/(LIABILITIES) 277,924 (21,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,614

88,261

CREDITORS
Amounts falling due after more than one year 8 (27,101 ) (32,431 )

PROVISIONS FOR LIABILITIES (547 ) -
NET ASSETS 339,966 55,830

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339,866 55,730
SHAREHOLDERS' FUNDS 339,966 55,830

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





M Chittenden - Director


Measured Media Ltd (Registered number: 10719970)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Measured Media Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment - 20% SL
Fixtures and Fittings - 10% SL

Goodwill is amortised over a period of 10 years.

Measured Media Ltd (Registered number: 10719970)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:
- the contractual right to cash flows from the asset are settled or expire,
- substantially all the risk and rewards of the ownership of the asset are transferred to another party or
- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Measured Media Ltd (Registered number: 10719970)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 200,000
AMORTISATION
At 1 January 2022 92,500
Amortisation for year 20,000
At 31 December 2022 112,500
NET BOOK VALUE
At 31 December 2022 87,500
At 31 December 2021 107,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 1,765 2,576 4,341
Additions 240 - 240
At 31 December 2022 2,005 2,576 4,581
DEPRECIATION
At 1 January 2022 591 1,107 1,698
Charge for year 177 516 693
At 31 December 2022 768 1,623 2,391
NET BOOK VALUE
At 31 December 2022 1,237 953 2,190
At 31 December 2021 1,174 1,469 2,643

Measured Media Ltd (Registered number: 10719970)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors 3,522 26,372
Amounts owed by group undertakings 140,087 30,087
Other debtors 475,207 418,700
618,816 475,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Bank loans and overdrafts 4,632 3,744
Trade creditors 4,898 290
Amounts owed to group undertakings 580,879 596,260
Taxation and social security 66,530 38,075
Other creditors 25,683 32,470
682,622 670,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
£    £   
Bank loans 27,101 32,431

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eric McIntyre (Senior Statutory Auditor)
for and on behalf of Cartwrights

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors are the following balances owed by companies under the control of the director, M Chittenden:

2022 2021
£    £   
Capcoin Investments Ltd 5,000 5,000
Sand Dunes (Essex) Ltd 125,000 125,000
MRM 47 Ltd 44,174 44,174
Manor Studios Ltd 240,000 240,000

At the balance sheet date, the amount of £2,206 (2021: £1,353) was owed to the directors of the company.

Measured Media Ltd (Registered number: 10719970)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Heritage Rocks Ltd (formerly known as MT & TM Holdings Limited), which is jointly owned by the directors.