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REGISTERED NUMBER: 04243050 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2022 to 31 March 2023

for

MCR Media Limited

MCR Media Limited (Registered number: 04243050)

Contents of the Financial Statements
for the Period 1 May 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCR Media Limited

Company Information
for the Period 1 May 2022 to 31 March 2023







DIRECTORS: Mr N McRitchie
Mrs S McRitchie





REGISTERED OFFICE: 1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL





REGISTERED NUMBER: 04243050 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

MCR Media Limited (Registered number: 04243050)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 140,623 187,498
Investments 5 101,000 101,000
241,623 288,498

CREDITORS
Amounts falling due within one year 6 650 13,470
NET CURRENT LIABILITIES (650 ) (13,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,973

275,028

CREDITORS
Amounts falling due after more than one
year

7

50,871

85,168
NET ASSETS 190,102 189,860

CAPITAL AND RESERVES
Called up share capital 50,100 50,100
Retained earnings 140,002 139,760
190,102 189,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 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 11 October 2023 and were signed on its behalf by:





Mr N McRitchie - Director


MCR Media Limited (Registered number: 04243050)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 March 2023


1. STATUTORY INFORMATION

MCR Media 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.

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 receivable in regards to commission from a subsidiary.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of various magazines, is being amortised evenly over their estimated useful life of 5 - 10 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.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

MCR Media Limited (Registered number: 04243050)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 31 March 2023 912,253
AMORTISATION
At 1 May 2022 724,755
Charge for period 46,875
At 31 March 2023 771,630
NET BOOK VALUE
At 31 March 2023 140,623
At 30 April 2022 187,498

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 31 March 2023 101,000
NET BOOK VALUE
At 31 March 2023 101,000
At 30 April 2022 101,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 12,820
Other creditors 650 650
650 13,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 50,871 85,168