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REGISTERED NUMBER: 10816437 (England and Wales)
















PINNACLE MEDIA PARTNERSHIPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PINNACLE MEDIA PARTNERSHIPS LIMITED (REGISTERED NUMBER: 10816437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINNACLE MEDIA PARTNERSHIPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: K L Brayshaw
C J Brayshaw
D J Weir
N H Williams





REGISTERED OFFICE: Venture House 2 Arlington Square
Downshire Way
Bracknell
Berkshire
RG12 1WA





REGISTERED NUMBER: 10816437 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

PINNACLE MEDIA PARTNERSHIPS LIMITED (REGISTERED NUMBER: 10816437)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,474

CURRENT ASSETS
Debtors 5 248,510 355,011
Cash at bank 4,325 22,946
252,835 377,957
CREDITORS
Amounts falling due within one year 6 344,485 619,059
NET CURRENT LIABILITIES (91,650 ) (241,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(91,650

)

(235,628

)

CREDITORS
Amounts falling due after more than one
year

7

33,526

61,771
NET LIABILITIES (125,176 ) (297,399 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (125,177 ) (297,400 )
SHAREHOLDERS' FUNDS (125,176 ) (297,399 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PINNACLE MEDIA PARTNERSHIPS LIMITED (REGISTERED NUMBER: 10816437)

BALANCE SHEET - continued
30 JUNE 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 26 March 2025 and were signed on its behalf by:





K L Brayshaw - Director


PINNACLE MEDIA PARTNERSHIPS LIMITED (REGISTERED NUMBER: 10816437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Pinnacle Media Partnerships 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 (£).


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.

Going concern
The financial statements have been prepared on a going concern basis. The company is reliant on the continued support of its creditors and other companies within the group. The directors believe that this support will be forthcoming for at least the next twelve months.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. 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’.

Contracts that have a duration in excess of one year are recognised on the basis of 90% on contract signature and the remaining amounts over the term of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Office and computer equipment - 33% on cost

Grants
The company received apprenticeship grants in the period. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


PINNACLE MEDIA PARTNERSHIPS LIMITED (REGISTERED NUMBER: 10816437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 11,724
Reclassification/transfer (11,724 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 6,250
Charge for year 1,941
Reclassification/transfer (8,191 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 5,474

PINNACLE MEDIA PARTNERSHIPS LIMITED (REGISTERED NUMBER: 10816437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 102,537
Amounts owed by group undertakings 18,566 -
Other debtors 229,944 252,474
248,510 355,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,909 18,012
Trade creditors - 16,729
Taxation and social security 128,758 59,983
Other creditors 196,818 524,335
344,485 619,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,018 38,938
Other creditors 13,508 22,833
33,526 61,771

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,278 15,689
Between one and five years - 50,278
50,278 65,967

9. ULTIMATE CONTROLLING PARTY

On 15 March 2024 the company became a wholly owned subsidiary of The Golf Growth Group Ltd.