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REGISTERED NUMBER: 07134410 (England and Wales)









Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Media Investment Management Ltd

Media Investment Management Ltd (Registered number: 07134410)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Media Investment Management Ltd (Registered number: 07134410)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 73,505 72,878

CURRENT ASSETS
Debtors 5 84,788 87,188
Cash at bank 46,280 121,724
131,068 208,912
CREDITORS
Amounts falling due within one year 6 (38,108 ) (45,672 )
NET CURRENT ASSETS 92,960 163,240
TOTAL ASSETS LESS CURRENT LIABILITIES 166,465 236,118

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,365 236,018
166,465 236,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr D R Braddock - Director


Media Investment Management Ltd (Registered number: 07134410)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Media Investment Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07134410

Registered office: The Gate House
Chelford Road
Chelford
Cheshire
SK11 9AH

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 [net of VAT] and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on 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.

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 (2023 - 2 ) .

Media Investment Management Ltd (Registered number: 07134410)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
building fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 72,836 1,738 3,860 78,434
Additions - 158 672 830
At 29 February 2024 72,836 1,896 4,532 79,264
DEPRECIATION
At 1 March 2023 - 1,738 3,818 5,556
Charge for year - 8 195 203
At 29 February 2024 - 1,746 4,013 5,759
NET BOOK VALUE
At 29 February 2024 72,836 150 519 73,505
At 28 February 2023 72,836 - 42 72,878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 26,534 7,843
Other debtors 58,254 79,345
84,788 87,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 31,664 5,266
Taxation and social security 364 26,480
Other creditors 6,080 13,926
38,108 45,672

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr D R Braddock
Balance outstanding at start of year 33,390 20,318
Amounts advanced 143,441 33,390
Amounts repaid (152,270 ) (20,318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,561 33,390

Loans in excess of £10,000 incur interest at 2.25% per annum.
Loans are unsecured and were repaid within 9 months of the year end.