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Company Registration No. 07545487 (England and Wales)
Media House Global Limited Unaudited accounts for the year ended 31 December 2023
Media House Global Limited Unaudited accounts Contents
Page
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Media House Global Limited Company Information for the year ended 31 December 2023
Directors
Arika Murtza Amardeep S Gill
Secretary
Amardeep S Gill
Company Number
07545487 (England and Wales)
Registered Office
C/O Accountancy Managers Limited 164 New Cavendish Street London W1W 6YT
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Media House Global Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
986 
1,626 
Current assets
Debtors
116,135 
53,961 
Cash at bank and in hand
62,510 
126,569 
178,645 
180,530 
Creditors: amounts falling due within one year
(57,622)
(73,241)
Net current assets
121,023 
107,289 
Net assets
122,009 
108,915 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
121,909 
108,815 
Shareholders' funds
122,009 
108,915 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Arika Murtza Director Company Registration No. 07545487
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Media House Global Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Media House Global Limited is a private company, limited by shares, registered in England and Wales, registration number 07545487. The registered office is C/O Accountancy Managers Limited, 164 New Cavendish Street, London, W1W 6YT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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 also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Media House Global Limited Notes to the Accounts for the year ended 31 December 2023
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
5,647 
At 31 December 2023
5,647 
Depreciation
At 1 January 2023
4,021 
Charge for the year
640 
At 31 December 2023
4,661 
Net book value
At 31 December 2023
986 
At 31 December 2022
1,626 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,614 
53,440 
Accrued income and prepayments
521 
521 
Other debtors
50,000 
- 
116,135 
53,961 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
18,531 
13,847 
Trade creditors
6,506 
3,519 
Taxes and social security
30,207 
34,580 
Other creditors
2,028 
2,021 
Loans from directors
350 
18,210 
Accruals
- 
1,064 
57,622 
73,241 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Media House Global Limited Notes to the Accounts for the year ended 31 December 2023
8
Transactions with related parties
During the period interim dividends of £89,600 (2022: £97,060) were paid to the directors. Included in other creditors are the amounts of £190 (2022: £9,120) and £160 (2022: £9,090) owed by the company to Miss Arika Murtza and Mr Amardeep S Gill respectively.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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