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REGISTERED NUMBER: 07050097 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

1 Plus Media Group Limited

1 Plus Media Group Limited (Registered number: 07050097)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

1 Plus Media Group Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: I P Collier
Miss A M Collier





REGISTERED OFFICE: Unit 25 The Oakwood Centre
Downley Road
Havant
Hampshire
PO9 2NP





REGISTERED NUMBER: 07050097 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

1 Plus Media Group Limited (Registered number: 07050097)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,634 198,337
Investments 5 201 201
Investment property 6 1,275,164 1,375,164
1,470,999 1,573,702

CURRENT ASSETS
Debtors 7 2,154 1,000
Cash at bank 55,178 42,873
57,332 43,873
CREDITORS
Amounts falling due within one year 8 667,079 668,662
NET CURRENT LIABILITIES (609,747 ) (624,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,252

948,913

CREDITORS
Amounts falling due after more than one
year

9

(68,306

)

(68,306

)

PROVISIONS FOR LIABILITIES (104,540 ) (123,606 )
NET ASSETS 688,406 757,001

CAPITAL AND RESERVES
Called up share capital 11 300 300
Fair value reserve 12 438,657 519,657
Retained earnings 249,449 237,044
SHAREHOLDERS' FUNDS 688,406 757,001

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.

1 Plus Media Group Limited (Registered number: 07050097)

Balance Sheet - continued
29 February 2024


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 29 November 2024 and were signed on its behalf by:





I P Collier - Director


1 Plus Media Group Limited (Registered number: 07050097)

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

1. STATUTORY INFORMATION

1 Plus Media Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

1 Plus Media Group Limited (Registered number: 07050097)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 March 2023 189,332 66,533 25,785 281,650
Disposals - (16,000 ) - (16,000 )
At 29 February 2024 189,332 50,533 25,785 265,650
DEPRECIATION
At 1 March 2023 - 61,469 21,844 83,313
Charge for year - 738 591 1,329
Eliminated on disposal - (14,626 ) - (14,626 )
At 29 February 2024 - 47,581 22,435 70,016
NET BOOK VALUE
At 29 February 2024 189,332 2,952 3,350 195,634
At 28 February 2023 189,332 5,064 3,941 198,337

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 201
NET BOOK VALUE
At 29 February 2024 201
At 28 February 2023 201

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,375,164
Revaluations (100,000 )
At 29 February 2024 1,275,164
NET BOOK VALUE
At 29 February 2024 1,275,164
At 28 February 2023 1,375,164

1 Plus Media Group Limited (Registered number: 07050097)

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

6. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 641,552
Valuation in 2024 (100,000 )
Cost 733,612
1,275,164

If following historic cost had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 733,612 733,612

Investment properties were valued on an open market basis on 29 February 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 2,154 1,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 5,459
Amounts owed to group undertakings 663,474 660,999
Other creditors 3,605 2,204
667,079 668,662

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 68,306 68,306

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,306 68,306

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 68,306 73,765

1 Plus Media Group Limited (Registered number: 07050097)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
300 Ordinary £1 300 300

12. RESERVES
Fair
value
reserve
£   
At 1 March 2023 519,657
Fair value reserve trf (81,000 )

At 29 February 2024 438,657

1 Plus Media Group Limited

Report of the Accountants to the Directors of
1 Plus Media Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................