REGISTERED NUMBER: |
Financial Statements For The Year Ended 31st January 2024 |
for |
Arg Media Limited |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 31st January 2024 |
for |
Arg Media Limited |
Arg Media Limited (Registered number: 08242192) |
Contents of the Financial Statements |
For The Year Ended 31st January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Arg Media Limited |
Company Information |
For The Year Ended 31st January 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Aldgate Tower |
2 Leman Street |
London |
E1 8FA |
Arg Media Limited (Registered number: 08242192) |
Balance Sheet |
31st January 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash and cash equivalents |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings | 7 |
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. |
Arg Media Limited (Registered number: 08242192) |
Balance Sheet - continued |
31st January 2024 |
The financial statements were approved by the director and authorised for issue on |
Arg Media Limited (Registered number: 08242192) |
Notes to the Financial Statements |
For The Year Ended 31st January 2024 |
1. | Statutory information |
Arg Media Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
3. | Employees and directors |
The average number of employees during the year was |
Arg Media Limited (Registered number: 08242192) |
Notes to the Financial Statements - continued |
For The Year Ended 31st January 2024 |
4. | Fixed asset investments |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
Cost |
At 1st February 2023 | 2,477,967 |
Additions | 6,548,492 |
At 31st January 2024 | 9,026,459 |
Net book value |
At 31st January 2024 | 9,026,459 |
At 31st January 2023 | 2,477,967 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | Reserves |
Retained |
earnings |
£ |
At 1st February 2023 |
Profit for the year |
At 31st January 2024 |
8. | Related party disclosures |
ARG Media Ltd owns 100% share capital of ARG Venture Ltd. |
ARG Media Ltd has loaned £7,305,100 to ARG Venture Ltd |