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REGISTERED NUMBER: 07477137 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

MIGHT MEDIA CONSULTING LTD

MIGHT MEDIA CONSULTING LTD (Registered number: 07477137)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIGHT MEDIA CONSULTING LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: F Grassi





SECRETARY: Regent Corporate Secretaries Ltd





REGISTERED OFFICE: Studio 3
92 Lots Road
London
SW10 0QD





REGISTERED NUMBER: 07477137 (England and Wales)





ACCOUNTANTS: InMindful (UK) Ltd
37-38 Long Acre
London
WC2E 9JT

MIGHT MEDIA CONSULTING LTD (Registered number: 07477137)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 877,208 889,614
877,208 889,614

CURRENT ASSETS
Debtors 6 85,307 72,923
Cash at bank 950 4,034
86,257 76,957
CREDITORS
Amounts falling due within one year 7 117,801 99,155
NET CURRENT LIABILITIES (31,544 ) (22,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,664

867,416

CREDITORS
Amounts falling due after more than one
year

8

871,647

873,282
NET LIABILITIES (25,983 ) (5,866 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (25,984 ) (5,867 )
SHAREHOLDERS' FUNDS (25,983 ) (5,866 )

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 director acknowledges his 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.

MIGHT MEDIA CONSULTING LTD (Registered number: 07477137)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





F Grassi - Director


MIGHT MEDIA CONSULTING LTD (Registered number: 07477137)

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

1. STATUTORY INFORMATION

MIGHT MEDIA CONSULTING LTD 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MIGHT MEDIA CONSULTING LTD (Registered number: 07477137)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,941
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,941
NET BOOK VALUE
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Shares in group undertakings 574,186 442,840
Other loans 303,022 446,774
877,208 889,614

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023 442,840
Additions 131,346
At 31 December 2023 574,186
NET BOOK VALUE
At 31 December 2023 574,186
At 31 December 2022 442,840
Other
loans
£   
At 1 January 2023 446,774
Repayment in year (143,752 )
At 31 December 2023 303,022

MIGHT MEDIA CONSULTING LTD (Registered number: 07477137)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 76,303 65,208
Other debtors 7,715 7,715
VAT 1,216 -
Prepayments 73 -
85,307 72,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 45,916 51,812
Salaries due - 40,919
Pension Due 299 252
Social security and other taxes 8,014 5,106
VAT - 916
Other creditors 63,060 -
Accruals and deferred income - 150
Accrued expenses 512 -
117,801 99,155

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 865,546 863,829
Credit Card -Other Creditors 6,101 9,453
871,647 873,282

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 ordinary £ 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 January 2023 (5,867 )
Deficit for the year (20,117 )
At 31 December 2023 (25,984 )