Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseOther publishing activities11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10354744 2023-04-01 2024-03-31 10354744 2022-04-01 2023-03-31 10354744 2024-03-31 10354744 2023-03-31 10354744 c:Director1 2023-04-01 2024-03-31 10354744 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 10354744 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 10354744 d:CurrentFinancialInstruments 2024-03-31 10354744 d:CurrentFinancialInstruments 2023-03-31 10354744 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10354744 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10354744 d:ShareCapital 2024-03-31 10354744 d:ShareCapital 2023-03-31 10354744 d:RevaluationReserve 2024-03-31 10354744 d:RevaluationReserve 2023-03-31 10354744 d:RetainedEarningsAccumulatedLosses 2024-03-31 10354744 d:RetainedEarningsAccumulatedLosses 2023-03-31 10354744 d:OtherDeferredTax 2024-03-31 10354744 d:OtherDeferredTax 2023-03-31 10354744 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10354744 c:OrdinaryShareClass1 2024-03-31 10354744 c:FRS102 2023-04-01 2024-03-31 10354744 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10354744 c:FullAccounts 2023-04-01 2024-03-31 10354744 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10354744 6 2023-04-01 2024-03-31 10354744 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10354744














HURST MEDIA COMPANY (ASSETS) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
HURST MEDIA COMPANY (ASSETS) LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 6


 
HURST MEDIA COMPANY (ASSETS) LIMITED
REGISTERED NUMBER:10354744

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
308,191
300,191

Current assets
  

Debtors
 6 
6,154
5,774

Cash at bank and in hand
  
4,268
7,571

  
10,422
13,345

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(74,752)
(67,401)

Net current liabilities
  
 
 
(64,330)
 
 
(54,056)

Total assets less current liabilities
  
243,861
246,135

Provisions for liabilities
  

Deferred tax
 8 
(5,946)
(5,946)

Net assets
  
237,915
240,189


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
17,839
-

Profit and loss account
  
219,976
240,089

  
237,915
240,189


Page 1

 
HURST MEDIA COMPANY (ASSETS) LIMITED
REGISTERED NUMBER:10354744
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 November 2024.


J A Hurst
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HURST MEDIA COMPANY (ASSETS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hurst Media Company (Assets) Limited is a private limited liability company registered in England and Wales. Its registered office address is The Frames, 1 Phipp Street, London, EC2A 4PS.
The principal activity of the company during the year was that of an investment company.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
HURST MEDIA COMPANY (ASSETS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Valuation of investments

Other investments are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and cash equivalents, and related party loans.
Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
HURST MEDIA COMPANY (ASSETS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Patents

£



Cost


At 1 April 2023
27



At 31 March 2024

27



Amortisation


At 1 April 2023
27



At 31 March 2024

27



Net book value



At 31 March 2024
-



At 31 March 2023
-




5.


Fixed asset investments





Other fixed asset investments

£



Valuation


At 1 April 2023
300,191


Additions
8,000



At 31 March 2024
308,191





6.


Debtors

2024
2023
£
£



Other debtors
6,154
5,774


Page 5

 
HURST MEDIA COMPANY (ASSETS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
105
-

Trade creditors
2,175
169

Amounts owed to group undertakings
17,940
12,700

Taxation and social security
53,532
53,532

Accruals and deferred income
1,000
1,000

74,752
67,401



8.


Deferred taxation




2024


£






At beginning of year
5,946



At end of year
5,946

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On fair value gains
5,946
5,946


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



10.


Parent undertaking

The immediate and ultimate parent undertaking is Hurst Group Limited, a company registered in England and Wales with registered office address The Frames, 1 Phipp Street, London, EC2A 4PS.

 
Page 6