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REGISTERED NUMBER: 10758738 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Jack Massey Media LTD

Jack Massey Media LTD (Registered number: 10758738)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jack Massey Media LTD

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J M Welsh
Miss R L Taylor





REGISTERED OFFICE: 73 Duke Street
Darlington
Co. Durham
DL3 7SD





REGISTERED NUMBER: 10758738 (England and Wales)





ACCOUNTANTS: SW Accountants & Business Advisors
73 Duke Street
Darlington
Co. Durham
DL3 7SD

Jack Massey Media LTD (Registered number: 10758738)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,517 41,078

CURRENT ASSETS
Debtors 5 242 839
Investments 6 716,339 502,732
Cash at bank 703,025 481,576
1,419,606 985,147
CREDITORS
Amounts falling due within one year 7 141,051 91,698
NET CURRENT ASSETS 1,278,555 893,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,072

934,527

PROVISIONS FOR LIABILITIES 6,504 7,805
NET ASSETS 1,304,568 926,722

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,304,566 926,720
1,304,568 926,722

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Jack Massey Media LTD (Registered number: 10758738)

Balance Sheet - continued
31 May 2023


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 10 July 2023 and were signed on its behalf by:





J M Welsh - Director


Jack Massey Media LTD (Registered number: 10758738)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Jack Massey 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.

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

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.

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 NIL (2022 - 2 ).

Jack Massey Media LTD (Registered number: 10758738)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 62,215
Additions 1,649
At 31 May 2023 63,864
DEPRECIATION
At 1 June 2022 21,137
Charge for year 10,210
At 31 May 2023 31,347
NET BOOK VALUE
At 31 May 2023 32,517
At 31 May 2022 41,078

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 242 839

6. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments 716,339 502,732

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 121 -
Taxation and social security 139,985 90,583
Other creditors 945 1,115
141,051 91,698