IRIS Accounts Production v24.3.2.46 03816049 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038160492023-04-30038160492024-04-30038160492023-05-012024-04-30038160492022-04-30038160492022-05-012023-04-30038160492023-04-3003816049ns15:EnglandWales2023-05-012024-04-3003816049ns14:PoundSterling2023-05-012024-04-3003816049ns10:Director12023-05-012024-04-3003816049ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003816049ns10:SmallEntities2023-05-012024-04-3003816049ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003816049ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003816049ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003816049ns10:FullAccounts2023-05-012024-04-3003816049ns10:OrdinaryShareClass12023-05-012024-04-3003816049ns10:OrdinaryShareClass22023-05-012024-04-3003816049ns10:OrdinaryShareClass32023-05-012024-04-3003816049ns10:CompanySecretary12023-05-012024-04-3003816049ns10:RegisteredOffice2023-05-012024-04-3003816049ns5:CurrentFinancialInstruments2024-04-3003816049ns5:CurrentFinancialInstruments2023-04-3003816049ns5:ShareCapital2024-04-3003816049ns5:ShareCapital2023-04-3003816049ns5:RetainedEarningsAccumulatedLosses2024-04-3003816049ns5:RetainedEarningsAccumulatedLosses2023-04-3003816049ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3003816049ns5:FurnitureFittings2023-04-3003816049ns5:ComputerEquipment2023-04-3003816049ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-012024-04-3003816049ns5:FurnitureFittings2023-05-012024-04-3003816049ns5:ComputerEquipment2023-05-012024-04-3003816049ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3003816049ns5:FurnitureFittings2024-04-3003816049ns5:ComputerEquipment2024-04-3003816049ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3003816049ns5:FurnitureFittings2023-04-3003816049ns5:ComputerEquipment2023-04-3003816049ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003816049ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003816049ns5:DeferredTaxation2023-04-3003816049ns5:DeferredTaxation2023-05-012024-04-3003816049ns5:DeferredTaxation2024-04-3003816049ns10:OrdinaryShareClass12024-04-3003816049ns10:OrdinaryShareClass22024-04-3003816049ns10:OrdinaryShareClass32024-04-3003816049ns5:RetainedEarningsAccumulatedLosses2023-04-3003816049ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 03816049 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Creative Media Management Limited

Creative Media Management Limited (Registered number: 03816049)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Creative Media Management Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J Fincham





SECRETARY: J Fincham





REGISTERED OFFICE: 61 St Dunstans Road
London
W7 2EY





REGISTERED NUMBER: 03816049 (England and Wales)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Creative Media Management Limited (Registered number: 03816049)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,213 4,622

CURRENT ASSETS
Debtors 5 15,838 11,124
Cash at bank and in hand 335,682 414,653
351,520 425,777
CREDITORS
Amounts falling due within one year 6 204,783 220,459
NET CURRENT ASSETS 146,737 205,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,950

209,940

PROVISIONS FOR LIABILITIES 7 303 1,156
NET ASSETS 147,647 208,784

CAPITAL AND RESERVES
Called up share capital 8 96 96
Retained earnings 9 147,551 208,688
SHAREHOLDERS' FUNDS 147,647 208,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





J Fincham - Director


Creative Media Management Limited (Registered number: 03816049)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Creative Media Management 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.

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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Short Leasehold- Over the term of the lease
Fixtures and fittings-20% on cost
Computer equipment-33% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

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.

Creative Media Management Limited (Registered number: 03816049)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 14,888 21,149 33,600 69,637
Additions - 540 300 840
At 30 April 2024 14,888 21,689 33,900 70,477
DEPRECIATION
At 1 May 2023 14,888 19,448 30,679 65,015
Charge for year - 1,228 3,021 4,249
At 30 April 2024 14,888 20,676 33,700 69,264
NET BOOK VALUE
At 30 April 2024 - 1,013 200 1,213
At 30 April 2023 - 1,701 2,921 4,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 15,838 11,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 950 1,001
Taxation and social security 45,839 71,752
Other creditors 157,994 147,706
204,783 220,459

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 303 1,156

Creative Media Management Limited (Registered number: 03816049)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 1,156
Provided during year (853 )
Balance at 30 April 2024 303

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
77 Ordinary £1 77 77
15 A Ordinary £1 15 15
4 B Ordinary £1 4 4
96 96

9. RESERVES
Retained
earnings
£   

At 1 May 2023 208,688
Profit for the year 88,863
Dividends (150,000 )
At 30 April 2024 147,551

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2024 the company owed the director £49,025 (2023: £42,294).

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £150,000 (2023 - £150,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is J Fincham.