Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mrs C G J Bradby 22/10/2015 Mr T M Bradby 22/10/2015 24 July 2024 The principal activity of the Company during the financial year was to develop and exploit the rights of intellectual, televisual and literacy works as created by the directors' of the company. 09836597 2023-10-31 09836597 bus:Director1 2023-10-31 09836597 bus:Director2 2023-10-31 09836597 2022-10-31 09836597 core:CurrentFinancialInstruments 2023-10-31 09836597 core:CurrentFinancialInstruments 2022-10-31 09836597 core:ShareCapital 2023-10-31 09836597 core:ShareCapital 2022-10-31 09836597 core:RetainedEarningsAccumulatedLosses 2023-10-31 09836597 core:RetainedEarningsAccumulatedLosses 2022-10-31 09836597 core:OfficeEquipment 2022-10-31 09836597 core:OfficeEquipment 2023-10-31 09836597 2022-11-01 2023-10-31 09836597 bus:FilletedAccounts 2022-11-01 2023-10-31 09836597 bus:SmallEntities 2022-11-01 2023-10-31 09836597 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09836597 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09836597 bus:Director1 2022-11-01 2023-10-31 09836597 bus:Director2 2022-11-01 2023-10-31 09836597 core:OfficeEquipment 2022-11-01 2023-10-31 09836597 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: 09836597 (England and Wales)

MASTER OF RAIN MEDIA LTD

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

MASTER OF RAIN MEDIA LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

MASTER OF RAIN MEDIA LTD

COMPANY INFORMATION

For the financial year ended 31 October 2023
MASTER OF RAIN MEDIA LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mrs C G J Bradby
Mr T M Bradby
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
BUSINESS ADDRESS Flat 6
95 Belgrave Road
London
SW1V 2BQ
COMPANY NUMBER 09836597 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
MASTER OF RAIN MEDIA LTD

BALANCE SHEET

As at 31 October 2023
MASTER OF RAIN MEDIA LTD

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,646 1,806
2,646 1,806
Current assets
Debtors 4 100 10,787
Cash at bank and in hand 63,156 39,329
63,256 50,116
Creditors: amounts falling due within one year 5 ( 16,668) ( 8,858)
Net current assets 46,588 41,258
Total assets less current liabilities 49,234 43,064
Provision for liabilities ( 503) ( 343)
Net assets 48,731 42,721
Capital and reserves
Called-up share capital 100 100
Profit and loss account 48,631 42,621
Total shareholders' funds 48,731 42,721

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

Directors' responsibilities:

The financial statements of Master of Rain Media Ltd (registered number: 09836597) were approved and authorised for issue by the Board of Directors on 24 July 2024. They were signed on its behalf by:

Mr T M Bradby
Director
MASTER OF RAIN MEDIA LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
MASTER OF RAIN MEDIA LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Master of Rain Media Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The principle place of business is Flat 6, 95 Belgrave Road, London, SW1V 2BQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included in amounts recoverable on contracts in the balance sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 November 2022 4,283 4,283
Additions 1,550 1,550
At 31 October 2023 5,833 5,833
Accumulated depreciation
At 01 November 2022 2,477 2,477
Charge for the financial year 710 710
At 31 October 2023 3,187 3,187
Net book value
At 31 October 2023 2,646 2,646
At 31 October 2022 1,806 1,806

4. Debtors

2023 2022
£ £
Other debtors 100 10,787

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 796 1,333
Taxation and social security 9,651 4,375
Other creditors 6,221 3,150
16,668 8,858

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors' Loan Account 2,625 (755)
Advances 2,602 9,649
Repayments (5,227) (6,269)
Closing balance 0 2,625