Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Richard Michael Tozer 12/04/2019 02 August 2024 The principal activity of the company during the financial year was television programme production activities. 11943191 2024-04-30 11943191 bus:Director1 2024-04-30 11943191 2023-04-30 11943191 core:CurrentFinancialInstruments 2024-04-30 11943191 core:CurrentFinancialInstruments 2023-04-30 11943191 core:ShareCapital 2024-04-30 11943191 core:ShareCapital 2023-04-30 11943191 core:RetainedEarningsAccumulatedLosses 2024-04-30 11943191 core:RetainedEarningsAccumulatedLosses 2023-04-30 11943191 core:OtherResidualIntangibleAssets 2023-04-30 11943191 core:OtherResidualIntangibleAssets 2024-04-30 11943191 bus:OrdinaryShareClass1 2024-04-30 11943191 2023-05-01 2024-04-30 11943191 bus:FilletedAccounts 2023-05-01 2024-04-30 11943191 bus:SmallEntities 2023-05-01 2024-04-30 11943191 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11943191 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11943191 bus:Director1 2023-05-01 2024-04-30 11943191 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-05-01 2024-04-30 11943191 core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 11943191 2022-05-01 2023-04-30 11943191 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11943191 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11943191 (England and Wales)

MISMO MEDIA LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

MISMO MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

MISMO MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
MISMO MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 30,300 35,350
30,300 35,350
Current assets
Cash at bank and in hand 663 944
663 944
Creditors: amounts falling due within one year 4 ( 77,868) ( 72,925)
Net current liabilities (77,205) (71,981)
Total assets less current liabilities (46,905) (36,631)
Net liabilities ( 46,905) ( 36,631)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 46,906 ) ( 36,632 )
Total shareholder's deficit ( 46,905) ( 36,631)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Mismo Media Limited (registered number: 11943191) were approved and authorised for issue by the Director on 02 August 2024. They were signed on its behalf by:

Richard Michael Tozer
Director
MISMO MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
MISMO MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
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

Mismo Media Limited (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 Salt Quay House 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN, United Kingdom.

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 £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £46,905. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 May 2023 50,500 50,500
At 30 April 2024 50,500 50,500
Accumulated amortisation
At 01 May 2023 15,150 15,150
Charge for the financial year 5,050 5,050
At 30 April 2024 20,200 20,200
Net book value
At 30 April 2024 30,300 30,300
At 30 April 2023 35,350 35,350

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 66,935 64,000
Accruals 10,933 8,925
77,868 72,925

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

Transactions with the entity's director

At the year end the company owed the director £66,935 (2023: £64,000).

Interest was accrued on the above balance at a rate of 3% (2022: 3%). The interest accrued on the director loan during the year was £2,008 (2023: £1,916).