BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the provision of web-based marketing and advertising services. 24 September 2024 1 1 09456417 2023-12-31 09456417 2022-12-31 09456417 2021-12-31 09456417 2023-01-01 2023-12-31 09456417 2022-01-01 2022-12-31 09456417 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09456417 uk-curr:PoundSterling 2023-01-01 2023-12-31 09456417 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 09456417 uk-bus:Audited 2023-01-01 2023-12-31 09456417 uk-core:ShareCapital 2023-12-31 09456417 uk-core:ShareCapital 2022-12-31 09456417 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 09456417 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 09456417 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 09456417 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 09456417 uk-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09456417 uk-bus:FRS102 2023-01-01 2023-12-31 09456417 uk-core:ParentEntities 2023-01-01 2023-12-31 09456417 uk-core:UltimateParent 2023-01-01 2023-12-31 09456417 2023-01-01 2023-12-31 09456417 uk-bus:Director1 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
FCR Media UK Limited
 
Abridged Financial Statements
 
for the financial year ended 31 December 2023



FCR Media UK Limited
DIRECTOR'S REPORT
for the financial year ended 31 December 2023

 
The director presents their report and the audited financial statements for the financial year ended 31 December 2023.
     
Results and Dividends
The loss for the financial year amounted to £(2,338) (2022 - £(4,541)).
     
Director
The director who served during the financial year is as follows:
     
Cathal Dempsey
   
There were no changes in shareholdings between 31 December 2023 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
             
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
-select suitable accounting policies and apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
                 
Disclosure of Information to Auditor
Each person who is a director at the date of approval of this report confirms that:
In so far as the director is aware:
-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
-the director has taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
     
Auditors
The auditors, Whiteside Cullinan, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
Cathal Dempsey
Director
     
24 September 2024



INDEPENDENT AUDITOR'S REPORT
to the Members of FCR Media UK Limited

 
Report on the audit of the financial statements
 
Opinion
We have audited the financial statements of FCR Media UK Limited ('the company') for the financial year ended 31 December 2023 which comprise the Abridged Profit and Loss Account, the Abridged Balance Sheet, the Reconciliation of Shareholders' Funds and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its loss for the financial year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.
 
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
 
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
 
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
 
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
 
Other Information
The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
 
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Director's Report has been prepared in accordance with applicable legal requirements.
 
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Director's Report.
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Director's Report.
 
Responsibilities of director for the financial statements
The director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.
 
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.
 
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
 
Alan McLean (Senior Statutory Auditor)
for and on behalf of
WHITESIDE CULLINAN
Chartered Accountants
Fleming Court
Flemming's Place
Dublin 4
D04 N4X9
Ireland
 
24 September 2024



FCR Media UK Limited
APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
 
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
 
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director.
 
- Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
 
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
 
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.



FCR Media UK Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2023
2023 2022
Notes £ £

 
 
Administrative expenses (2,338) (4,541)
───────── ─────────
Loss before taxation (2,338) (4,541)
 
 
Tax on loss - -
───────── ─────────
Loss for the financial year (2,338) (4,541)
───────── ─────────
Total comprehensive income (2,338) (4,541)
    ═════════   ═════════



FCR Media UK Limited
Company Registration Number: 09456417
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Current Assets
 
Debtors 227 123
 
Cash and cash equivalents 2,903 4,332
───────── ─────────
3,130 4,455
───────── ─────────
 
Creditors: amounts falling due within one year (20,704) (19,691)
───────── ─────────
 
Net Current Liabilities (17,574) (15,236)
───────── ─────────
 
Total Assets less Current Liabilities (17,574) (15,236)
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 100 100
 
Retained earnings (17,674) (15,336)
───────── ─────────
Equity attributable to owners of the company (17,574) (15,236)
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
Approved by the Director and authorised for issue on 24 September 2024
           
           
Cathal Dempsey          
Director          
           



FCR Media UK Limited
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 December 2023

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 January 2022 100 (10,795) (10,695)
───────── ───────── ─────────
Loss for the financial year - (4,541) (4,541)
───────── ───────── ─────────
At 31 December 2022 100 (15,336) (15,236)
  ───────── ───────── ─────────
Loss for the financial year - (2,338) (2,338)
  ───────── ───────── ─────────
At 31 December 2023 100 (17,674) (17,574)
  ═════════ ═════════ ═════════



FCR Media UK Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
FCR Media UK Limited is a company limited by shares incorporated and registered in England, United Kingdom. The registered number of the company is 09456417. The registered office of the company is 11th Floor, 3 Piccadilly Place, Manchester, Greater Manchester, M1 3BN, United Kingdom which is also the principal place of business of the company. The principal activity of the company is the provision of web-based marketing and advertising services.
 
Currency
The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
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.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The financial statements are prepared on the going concern basis notwithstanding the deficit of £17,574 (2022 - £15,236) in the Balance Sheet at the year-end. The company have continued financial support from their parent company FCR Media Limited. The director has considered the position of the company and with the continued financial support from their parent company, are satisfied that they will have adequate working capital facilities to meet the company’s liabilities as they fall due.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Director 1 1
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
   
6. Parent and ultimate parent company
 
The company regards FCR Media Limited, a company incorporated in the Republic of Ireland as its parent company. The address of FCR Media Limited is Alexandra House, 3 Ballsbridge Park, Ballsbridge, Dublin 4, Ireland.
 
The companys ultimate parent undertaking is Knowledge Search Optimisation Limited.
   
7. Controlling interest
 
Knowledge Search Optimisation Limited holds 65% of the share capital in FCR Media Limited. Knowledge Search Optimisation Limited is owned and controlled by FCR Media Limited directors, Cathal Dempsey and Barry Byrne.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.