Halcyon Media Limited 04217105 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Photographic activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 04217105 2022-04-01 2023-03-31 04217105 2023-03-31 04217105 bus:OrdinaryShareClass1 2023-03-31 04217105 core:CurrentFinancialInstruments 2023-03-31 04217105 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04217105 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04217105 core:OfficeEquipment 2023-03-31 04217105 core:PlantMachinery 2023-03-31 04217105 bus:SmallEntities 2022-04-01 2023-03-31 04217105 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04217105 bus:FullAccounts 2022-04-01 2023-03-31 04217105 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04217105 bus:RegisteredOffice 2022-04-01 2023-03-31 04217105 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 04217105 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04217105 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04217105 core:ComputerEquipment 2022-04-01 2023-03-31 04217105 core:OfficeEquipment 2022-04-01 2023-03-31 04217105 core:PlantMachinery 2022-04-01 2023-03-31 04217105 countries:EnglandWales 2022-04-01 2023-03-31 04217105 2022-03-31 04217105 core:OfficeEquipment 2022-03-31 04217105 core:PlantMachinery 2022-03-31 04217105 2021-04-01 2022-03-31 04217105 2022-03-31 04217105 bus:OrdinaryShareClass1 2022-03-31 04217105 core:CurrentFinancialInstruments 2022-03-31 04217105 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04217105 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 04217105 core:OfficeEquipment 2022-03-31 04217105 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04217105

Halcyon Media Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Halcyon Media Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Halcyon Media Limited

(Registration number: 04217105)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,603

3,932

Current assets

 

Debtors

5

10,814

7,081

Cash at bank and in hand

 

8,340

28,331

 

19,154

35,412

Creditors: Amounts falling due within one year

6

(8,720)

(8,928)

Net current assets

 

10,434

26,484

Total assets less current liabilities

 

12,037

30,416

Creditors: Amounts falling due after more than one year

6

(12,000)

(16,000)

Net assets

 

37

14,416

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

35

14,414

Shareholders' funds

 

37

14,416

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 February 2024
 

.........................................
P C R Hamilton-James
Company secretary and director

 

Halcyon Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 High Street
Chipping Sodbury
Bristol
BS37 6AH

These financial statements were authorised for issue by the director on 28 February 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

 

Halcyon Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Computer equipment

33% straight line

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Halcyon Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

4

Tangible assets

Plant and machinery
£

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2022

56,582

4,174

60,756

At 31 March 2023

56,582

4,174

60,756

Depreciation

At 1 April 2022

55,288

1,536

56,824

Charge for the year

1,194

1,135

2,329

At 31 March 2023

56,482

2,671

59,153

Carrying amount

At 31 March 2023

100

1,503

1,603

At 31 March 2022

1,294

2,638

3,932

5

Debtors

2023
£

2022
£

Other debtors

10,814

7,081

10,814

7,081

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

4,000

4,000

Taxation and social security

 

2,570

3,928

Accruals and deferred income

 

2,150

1,000

 

8,720

8,928

 

Halcyon Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

6

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

12,000

16,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Related party transactions

Other transactions with the director

As at 31 March 2023 the director, P C R Hamilton-James, owed the company a balance of £10,814. Interest is being applied to the outstanding balance at a rate of 2% above base rate.