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Unaudited Financial Statements

for the Year Ended 31 May 2024

for

U.K. Media Group Limited

U.K. Media Group Limited (Registered number: 04173621)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U.K. Media Group Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M R Yexley





SECRETARY: Mrs K Yexley





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 04173621 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

U.K. Media Group Limited (Registered number: 04173621)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,763 150,851
Investments 5 161,135 161,135
Investment property 6 504,689 504,689
796,587 816,675

CURRENT ASSETS
Debtors 7 316,569 240,300
Cash at bank 859,000 522,968
1,175,569 763,268
CREDITORS
Amounts falling due within one year 8 1,385,939 1,305,249
NET CURRENT LIABILITIES (210,370 ) (541,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,217

274,694

PROVISIONS FOR LIABILITIES 4,182 7,677
NET ASSETS 582,035 267,017

CAPITAL AND RESERVES
Called up share capital 161,135 161,135
Retained earnings 420,900 105,882
SHAREHOLDERS' FUNDS 582,035 267,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

U.K. Media Group Limited (Registered number: 04173621)

Balance Sheet - continued
31 May 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 director and authorised for issue on 11 February 2025 and were signed by:





M R Yexley - Director


U.K. Media Group Limited (Registered number: 04173621)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

U.K. 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

U.K. Media Group Limited (Registered number: 04173621)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Consolidation
The company has claimed exemption under Section 402 of the Companies Act 2006 from the preparation of group accounts on the grounds that the group is small.

The accounts represent information about UK Media Group Limited as an individual undertaking and not about its group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 6,865 - 231,721 6,298 244,884
Additions 1,445 1,755 15,950 6,694 25,844
At 31 May 2024 8,310 1,755 247,671 12,992 270,728
DEPRECIATION
At 1 June 2023 2,207 - 89,119 2,707 94,033
Charge for year 1,526 439 39,636 4,331 45,932
At 31 May 2024 3,733 439 128,755 7,038 139,965
NET BOOK VALUE
At 31 May 2024 4,577 1,316 118,916 5,954 130,763
At 31 May 2023 4,658 - 142,602 3,591 150,851

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 161,135
NET BOOK VALUE
At 31 May 2024 161,135
At 31 May 2023 161,135

U.K. Media Group Limited (Registered number: 04173621)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 504,689
NET BOOK VALUE
At 31 May 2024 504,689
At 31 May 2023 504,689

The company's investment relates to a residential property which is being leased on a commercial basis to a third party.

The director considers that there have been no significant changes to the fair value of the investment property at 31 May 2024 and therefore the fair value is the same as the historical cost value of £504,689.

On the above basis, no adjustment has been made to the profit and loss account.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 183,831 109,191
Amounts owed by group undertakings 99,194 99,194
Other debtors 1,798 10,388
Prepayments 31,746 21,527
316,569 240,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,895 26,909
Amounts owed to group undertakings 596,715 568,506
Tax 110,730 22,192
Social security and other taxes 109,177 95,302
Other creditors 7,009 1,568
Amounts owed to subsidary 306,654 306,654
Deferred income 175,940 243,023
Accrued expenses 49,819 41,095
1,385,939 1,305,249