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REGISTERED NUMBER: 07462517 (England and Wales)













Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 December 2023

for

CP Media Limited

CP Media Limited (Registered number: 07462517)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Consolidated Statement of Income and Retained Earnings 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


CP Media Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M A Brennan
A K Walker
E T Armstrong
R E Davies
R W M Eccles
M R O'Driscoll





SECRETARY: N K Walker





REGISTERED OFFICE: 5a Clare Road
Halifax
HX1 2HX





REGISTERED NUMBER: 07462517 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

CP Media Limited (Registered number: 07462517)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of advertising, media and management services.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

M A Brennan
A K Walker
E T Armstrong
R E Davies
R W M Eccles

Other changes in directors holding office are as follows:

M R O'Driscoll - appointed 20 April 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M A Brennan - Director


24 July 2024

CP Media Limited (Registered number: 07462517)

Consolidated
Statement of Income and
Retained Earnings
for the Year Ended 31 December 2023

2023 2022
Notes £    £    £    £   

TURNOVER 10,644,196 7,078,291

Cost of sales 6,901,256 4,458,804
GROSS PROFIT 3,742,940 2,619,487

Administrative expenses 2,367,744 1,453,201
1,375,196 1,166,286

Other operating income 166,837 191,206
OPERATING PROFIT 1,542,033 1,357,492

Income from shares in group undertakings 14,850 -
Interest receivable and similar income 24,891 42
39,741 42
1,581,774 1,357,534

Interest payable and similar expenses 552 -
PROFIT BEFORE TAXATION 1,581,222 1,357,534

Tax on profit 4 19,812 (34,649 )
PROFIT FOR THE FINANCIAL YEAR 1,561,410 1,392,183

Retained earnings at beginning of year 1,876,682 1,402,809

Dividends 6 (1,101,957 ) (918,299 )

RETAINED EARNINGS FOR THE
GROUP AT END OF YEAR

2,336,135

1,876,693

Profit attributable to:
Owners of the parent 1,561,410 1,392,172
Non-controlling interests - 11
1,561,410 1,392,183

CP Media Limited (Registered number: 07462517)

Consolidated Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 727,254 1,114,791
Tangible assets 8 645,635 675,747
Investments 9 - -
Investment property 10 - 144,260
1,372,889 1,934,798

CURRENT ASSETS
Stocks 11 9,708 10,805
Debtors 12 1,592,360 1,168,525
Cash at bank and in hand 3,837,285 2,279,990
5,439,353 3,459,320
CREDITORS
Amounts falling due within one year 13 4,326,637 3,368,203
NET CURRENT ASSETS 1,112,716 91,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,485,605

2,025,915

PROVISIONS FOR LIABILITIES 15 49,470 49,233
NET ASSETS 2,436,135 1,976,682

CAPITAL AND RESERVES
Called up share capital 16 100,000 100,000
Retained earnings 2,336,135 1,876,682
SHAREHOLDERS' FUNDS 2,436,135 1,976,682

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

CP Media Limited (Registered number: 07462517)

Consolidated Balance Sheet - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





M A Brennan - Director


CP Media Limited (Registered number: 07462517)

Company Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 10,667 18,336
Tangible assets 8 535,916 587,024
Investments 9 1,750,331 1,410,481
Investment property 10 - 144,260
2,296,914 2,160,101

CURRENT ASSETS
Debtors 12 5,335,219 2,699,027
Cash at bank and in hand 3,011,189 1,552,006
8,346,408 4,251,033
CREDITORS
Amounts falling due within one year 13 6,843,749 3,462,302
NET CURRENT ASSETS 1,502,659 788,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,799,573

2,948,832

PROVISIONS FOR LIABILITIES 15 48,032 44,899
NET ASSETS 3,751,541 2,903,933

CAPITAL AND RESERVES
Called up share capital 16 100,000 100,000
Retained earnings 3,651,541 2,803,933
SHAREHOLDERS' FUNDS 3,751,541 2,903,933

Company's profit for the financial year 1,949,565 1,825,773

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

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

CP Media Limited (Registered number: 07462517)

Company Balance Sheet - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





M A Brennan - Director


CP Media Limited (Registered number: 07462517)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

CP 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 General 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have been consistently applied within the same accounts.

Basis of consolidation
The group accounts consolidate the results of the company and its subsidiaries under the acquisition method.

Investments in subsidiaries and associates
Investments in subsidiary undertakings and associates are recognised at cost.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover from the rendering of services is recognised when the outcome of a transaction can be estimated reliably and by reference to the stage of completion at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019 and 2022, is being amortised evenly over its estimated useful life of three 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.

Computer software are being amortised evenly over their estimated useful life of five years.

CP Media Limited (Registered number: 07462517)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 33% on cost and 20% on cost
Computer equipment - 50% on cost, 33% on cost and 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews in accordance with FRS 102 to ensure that the carrying value is not lower than the recoverable amount.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CP Media Limited (Registered number: 07462517)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group'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 57 (2022 - 60 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 57 (2022 - 60 ) .

4. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 19,575 (70,075 )

Deferred tax 237 35,426
Tax on profit 19,812 (34,649 )

5. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Profit and Loss Account of the parent company is not presented as part of these financial statements.

6. DIVIDENDS
2023 2022
£    £   
A & B Ordinary shares of £1 each
Interim 1,101,957 918,299

CP Media Limited (Registered number: 07462517)

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

7. INTANGIBLE FIXED ASSETS

Group
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,461,309 38,347 1,499,656
AMORTISATION
At 1 January 2023 364,854 20,011 384,865
Amortisation for year 379,868 7,669 387,537
At 31 December 2023 744,722 27,680 772,402
NET BOOK VALUE
At 31 December 2023 716,587 10,667 727,254
At 31 December 2022 1,096,455 18,336 1,114,791

Company
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 38,347
AMORTISATION
At 1 January 2023 20,011
Amortisation for year 7,669
At 31 December 2023 27,680
NET BOOK VALUE
At 31 December 2023 10,667
At 31 December 2022 18,336

CP Media Limited (Registered number: 07462517)

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

8. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 217,164 380,150 35,745
Additions - 29,013 -
Disposals - - -
At 31 December 2023 217,164 409,163 35,745
DEPRECIATION
At 1 January 2023 - 43,692 905
Charge for year - 52,921 2,684
Eliminated on disposal - - -
At 31 December 2023 - 96,613 3,589
NET BOOK VALUE
At 31 December 2023 217,164 312,550 32,156
At 31 December 2022 217,164 336,458 34,840

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 47,283 83,217 47,191 810,750
Additions 1,926 124,959 15,697 171,595
Disposals (10,248 ) (103,991 ) (36,142 ) (150,381 )
At 31 December 2023 38,961 104,185 26,746 831,964
DEPRECIATION
At 1 January 2023 37,810 28,171 24,425 135,003
Charge for year 7,668 27,739 26,100 117,112
Eliminated on disposal (8,784 ) (28,421 ) (28,581 ) (65,786 )
At 31 December 2023 36,694 27,489 21,944 186,329
NET BOOK VALUE
At 31 December 2023 2,267 76,696 4,802 645,635
At 31 December 2022 9,473 55,046 22,766 675,747

CP Media Limited (Registered number: 07462517)

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

8. TANGIBLE FIXED ASSETS - continued

Company
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 January 2023 217,164 380,150 46,152
Additions - 29,013 1,538
Disposals - - -
At 31 December 2023 217,164 409,163 47,690
DEPRECIATION
At 1 January 2023 - 43,692 37,754
Charge for year - 52,921 7,668
Eliminated on disposal - - -
At 31 December 2023 - 96,613 45,422
NET BOOK VALUE
At 31 December 2023 217,164 312,550 2,268
At 31 December 2022 217,164 336,458 8,398

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 48,805 27,291 719,562
Additions - 3,526 34,077
Disposals (38,805 ) - (38,805 )
At 31 December 2023 10,000 30,817 714,834
DEPRECIATION
At 1 January 2023 27,426 23,666 132,538
Charge for year - 3,217 63,806
Eliminated on disposal (17,426 ) - (17,426 )
At 31 December 2023 10,000 26,883 178,918
NET BOOK VALUE
At 31 December 2023 - 3,934 535,916
At 31 December 2022 21,379 3,625 587,024

CP Media Limited (Registered number: 07462517)

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

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023 1,410,481
Additions 339,850
At 31 December 2023 1,750,331
NET BOOK VALUE
At 31 December 2023 1,750,331
At 31 December 2022 1,410,481

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

C P Environment Limited
Registered office: Clare House, Clare Road, Halifax, England, HX1 2HX
Nature of business: Grounds maintenance
%
Class of shares: holding
'A' Ordinary 100.00

Eye Airports Limited
Registered office: Clare House, 5a Clare Road, Halifax, HX1 2HX
Nature of business: Advertising, media and management services
%
Class of shares: holding
'A' Ordinary 100.00
'B' Ordinary 100.00

Community Partners Limited
Registered office: 5a Clare Road, Halifax, England, HX1 2HX
Nature of business: Provision of outdoor advertising
%
Class of shares: holding
Ordinary 100.00

Adverta Limited
Registered office: 5a Clare Road, Halifax, HX1 2HX
Nature of business: Provision of bus and tram advertising solutions
%
Class of shares: holding
Ordinary 100.00

CP Media Limited (Registered number: 07462517)

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

9. FIXED ASSET INVESTMENTS - continued

Be Original Marketing Limited
Registered office: Media House, 7 Harrison Road, Halifax, England, HX1 2AF
Nature of business: Marketing & advertising services
%
Class of shares: holding
Ordinary 100.00

Graphic Evolution (Harrogate) Limited
Registered office: Clare House, 5a Clare Road, Halifax, HX1 2HX
Nature of business: Designing, printing and installing materials.
%
Class of shares: holding
Ordinary 100.00

Eye Corp (UK) Limited
Registered office: Adhouse, 52 East Parade, Harrogate, North Yorkshire, HG1 5LT
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Starburst Media Limited
Registered office: Adhouse, East Parade, Harrogate, North Yorkshire, HG1 5LT
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Associated company

Lamppost Banners Limited
Registered office: Clare House, 5a Clare Road, Halifax, HX1 2HX
Nature of business: Bracket import and installation

%
Class of shares: holding
'A' Ordinary 45.00

The Group has not equity accounted the results if the associate as the impact of doing so would be immaterial.


CP Media Limited (Registered number: 07462517)

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

10. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 January 2023 144,260
Disposals (144,260 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 144,260

Company
Total
£   
FAIR VALUE
At 1 January 2023 144,260
Disposals (144,260 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 144,260

11. STOCKS

Group
2023 2022
£    £   
Stocks 9,708 10,805

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade debtors 1,125,340 540,138 496,597 179,437
Amounts owed by group undertakings - 75,858 3,886,670 1,578,790
Other debtors 6,579 5,633 5,500 5,500
VAT 73,566 33,805 - -
Prepayments and accrued income 386,875 513,091 946,452 935,300
1,592,360 1,168,525 5,335,219 2,699,027

CP Media Limited (Registered number: 07462517)

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

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade creditors 450,372 463,656 90,346 188,001
Amounts owed to group undertakings 478,858 - 5,092,699 2,032,724
Taxation and social security 551,298 303,779 285,978 198,504
Other creditors 207,427 252,456 51,562 76,200
Directors' current accounts 19,991 17,100 19,991 17,100
Accruals and deferred income 2,617,352 2,328,501 1,301,834 947,062
Deferred government grants 1,339 2,711 1,339 2,711
4,326,637 3,368,203 6,843,749 3,462,302

14. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2023 2022
£    £   
Within one year - 8,500

Company
Non-cancellable operating leases
2023 2022
£    £   
Within one year - 8,500

15. PROVISIONS FOR LIABILITIES

Group Company
2023 2022 2023 2022
£    £    £    £   
Deferred tax 49,470 49,233 48,032 44,899

Group
Deferred
tax
£   
Balance at 1 January 2023 49,233
Provided during year 237
Balance at 31 December 2023 49,470

CP Media Limited (Registered number: 07462517)

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

15. PROVISIONS FOR LIABILITIES - continued

Company
Deferred
tax
£   
Balance at 1 January 2023 44,899
Provided during year 3,133
Balance at 31 December 2023 48,032

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
79,997 A & B Ordinary £1 79,997 79,997
20,003 C Ordinary £1 20,003 20,003
100,000 100,000

17. NON-CONTROLLING INTERESTS

£

Brought forward (32,915 )
Share of profit/(loss) for year 11
Disposal of Minority interest 32,904
-


18. RELATED PARTY DISCLOSURES

2023 2022
£ £
Amount due to the directors 19,991 17,100
No interest has been charged.

19. POST BALANCE SHEET EVENTS

On 19 July 2024, Lamppost Banners Ltd, a private company, limited by shares, registered in England and Wales, became a wholly owned subsidiary of the company. The company's registered office is Clare House, 5a Clare Road, Halifax, HX1 2HX.

20. ULTIMATE PARENT COMPANY

The ultimate parent company is Community Partners Holdings Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is, 5a Clare Road, Halifax, HX1 2HX.