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REGISTERED NUMBER: 02734812 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Halldale Media Limited

Halldale Media Limited (Registered number: 02734812)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Halldale Media Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: A P Smith
Mrs C S Smith





SECRETARY: A P Smith





REGISTERED OFFICE: Sentinel House
Harvest Crescent
Ancells Business Park
Fleet
Hampshire
GU51 2UZ





REGISTERED NUMBER: 02734812 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Halldale Media Limited (Registered number: 02734812)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 63,022 4,231
Tangible assets 6 8,687 8,361
71,709 12,592

CURRENT ASSETS
Debtors 7 592,627 276,493
Cash at bank and in hand 1,314,411 953,393
1,907,038 1,229,886
CREDITORS
Amounts falling due within one year 8 1,120,275 700,618
NET CURRENT ASSETS 786,763 529,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

858,472

541,860

CREDITORS
Amounts falling due after more than one
year

9

(45,482

)

(90,967

)

PROVISIONS FOR LIABILITIES (2,172 ) (1,626 )
NET ASSETS 810,818 449,267

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 810,738 449,187
SHAREHOLDERS' FUNDS 810,818 449,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

Halldale Media Limited (Registered number: 02734812)

Balance Sheet - continued
30th June 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2024 and were signed on its behalf by:





A P Smith - Director


Halldale Media Limited (Registered number: 02734812)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Halldale 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Advertisement revenue is brought into account on publication date. Subscription revenue is allocated to the accounting periods on a straight line basis. Unappropriated subscription revenue is included in current liabilities.

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.

Publishing rights are being amortised evenly over their estimated useful life of ten years.

Website development costs are being amortised evenly over their estimated useful life of three years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

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

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Fixtures and fittings - 15% on cost


On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.


Halldale Media Limited (Registered number: 02734812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Halldale Media Limited (Registered number: 02734812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Halldale Media Limited (Registered number: 02734812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


5. INTANGIBLE FIXED ASSETS
Website
Publishing development
rights costs Totals
£    £    £   
COST
At 1st July 2023 123,815 - 123,815
Additions - 60,000 60,000
At 30th June 2024 123,815 60,000 183,815
AMORTISATION
At 1st July 2023 119,584 - 119,584
Amortisation for year 1,209 - 1,209
At 30th June 2024 120,793 - 120,793
NET BOOK VALUE
At 30th June 2024 3,022 60,000 63,022
At 30th June 2023 4,231 - 4,231

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st July 2023 20,453
Additions 2,844
At 30th June 2024 23,297
DEPRECIATION
At 1st July 2023 12,092
Charge for year 2,518
At 30th June 2024 14,610
NET BOOK VALUE
At 30th June 2024 8,687
At 30th June 2023 8,361

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 312,004 26,783
Other debtors 280,623 249,710
592,627 276,493

Halldale Media Limited (Registered number: 02734812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,455 45,455
Trade creditors 44,464 608,480
Taxation and social security 130,346 21,734
Other creditors 900,010 24,949
1,120,275 700,618

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 45,482 90,967

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,510 6,600

11. SECURED DEBTS

Any bank overdraft is secured by way of a fixed and floating charge over the company's assets.