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Registration number: 10907297

RPGG Media Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

RPGG Media Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

RPGG Media Ltd

Company Information

Directors

Lana Susan Donaghy

Mr Colin Peter Jelfs

Mr Phillip Adams

Registered office

Waterside Court Falmouth Road
Penryn
Cornwall
TR10 8AW

Accountants

GW&Co. Ltd
Chartered Certified AccountantsWaterside Court
Falmouth Road
Penryn
United Kingdom
TR10 8AW

 

RPGG Media Ltd

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Lana Susan Donaghy

Mr Colin Peter Jelfs

Mr Phillip Adams

Mr Michael Alan Hall (ceased 6 August 2023)

Principal activity

The principal activity of the company is Publishing and information technology service activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Mr Colin Peter Jelfs
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
RPGG Media Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RPGG Media Ltd for the year ended 30 June 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of RPGG Media Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of RPGG Media Ltd and state those matters that we have agreed to state to the Board of Directors of RPGG Media Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RPGG Media Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that RPGG Media Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RPGG Media Ltd. You consider that RPGG Media Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of RPGG Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

GW&Co. Ltd
Chartered Certified Accountants
Waterside Court
Falmouth Road
Penryn
United Kingdom
TR10 8AW

28 March 2025

 

RPGG Media Ltd

Profit and Loss Account for the Year Ended 30 June 2024

Note

2024
£

2023
£

Turnover

 

-

-

Cost of sales

 

(819)

(3,942)

Gross loss

 

(819)

(3,942)

Administrative expenses

 

(2,234)

(8,262)

Operating loss

 

(3,053)

(12,204)

Interest payable and similar expenses

 

-

(1)

Loss before tax

4

(3,053)

(12,205)

Loss for the financial year

 

(3,053)

(12,205)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

RPGG Media Ltd

Statement of Comprehensive Income for the Year Ended 30 June 2024

2024
£

2023
£

Loss for the year

(3,053)

(12,205)

Total comprehensive income for the year

(3,053)

(12,205)

 

RPGG Media Ltd

(Registration number: 10907297)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

199,719

199,719

Current assets

 

Cash at bank and in hand

 

2,456

257

Creditors: Amounts falling due within one year

8

(33,615)

(28,363)

Net current liabilities

 

(31,159)

(28,106)

Net assets

 

168,560

171,613

Capital and reserves

 

Called up share capital

9

222

222

Share premium reserve

1,167,897

1,167,897

Retained earnings

(999,559)

(996,506)

Shareholders' funds

 

168,560

171,613

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Mr Colin Peter Jelfs
Director

 

RPGG Media Ltd

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 July 2023

222

1,167,897

(996,506)

171,613

Loss for the year

-

-

(3,053)

(3,053)

At 30 June 2024

222

1,167,897

(999,559)

168,560

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 July 2022

214

1,160,245

(984,301)

176,158

Loss for the year

-

-

(12,205)

(12,205)

New share capital subscribed

8

7,652

-

7,660

At 30 June 2023

222

1,167,897

(996,506)

171,613

 

RPGG Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Waterside Court Falmouth Road
Penryn
Cornwall
TR10 8AW
United Kingdom

These financial statements were authorised for issue by the Board on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, based on the ongoing support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

RPGG Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Over 3 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

RPGG Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

-

1,557

 

RPGG Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 July 2023

199,719

199,719

At 30 June 2024

199,719

199,719

Amortisation

Carrying amount

At 30 June 2024

199,719

199,719

At 30 June 2023

199,719

199,719

6

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

15,189

15,189

At 30 June 2024

15,189

15,189

Depreciation

At 1 July 2023

15,189

15,189

At 30 June 2024

15,189

15,189

Carrying amount

At 30 June 2024

-

-

7

Debtors

Current

2024
£

2023
£

 

-

-

 

RPGG Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

4,302

9,246

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

18,868

18,218

Accruals and deferred income

 

945

900

Other creditors

 

9,500

(1)

 

33,615

28,363

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.00 each

2,215,963

221.60

2,215,963

221.60

       

10

Related party transactions

As at 30 June 2024 the company has an inter-company loan with Digital Design Labs Ltd amounting to £18,868 (2023: £18,218) it has no formal terms, is interest free and payable on demand.