Endeavour Media Limited
Unaudited Financial Statements
For the period ended 30 September 2024
Pages for Filing with Registrar
Company Registration No. 14833872 (England and Wales)
Endeavour Media Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Endeavour Media Limited
Balance Sheet
As at 30 September 2024
30 September 2024
Page 1
2024
Notes
£
£
Fixed assets
Investments
3
1
Current assets
Debtors
4
1
Creditors: amounts falling due within one year
5
(1)
Net current assets
Net assets
1
Capital and reserves
Called up share capital
6
1
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 September 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 March 2025 and are signed on its behalf by:
R E Elliot
Director
Company Registration No. 14833872
Endeavour Media Limited
Notes to the Financial Statements
For the period ended 30 September 2024
Page 2
1
Accounting policies
Company information
Endeavour Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 47 Great Marlborough Street, London, England, W1F 7JP
1.1
Reporting period
The company was incorporated on 28 April 2023. As a result these financial statements present a period of 17 months, from 28 April 2023 to 30 September 2024.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors of the parent company, Media Concierge (Holdings) Limited, have prepared a cash flow forecast for a period of 12 months from the date of approval of these financial statements which indicates that the group and company will have sufficient funds to meet liabilities as they fall due for that period. The cash flow forecast has assessed the impacts of other external factors and has concluded that there is no significant impact to the going concern status of the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Endeavour Media Limited
Notes to the Financial Statements (Continued)
For the period ended 30 September 2024
1
Accounting policies
(Continued)
Page 3
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
1
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 28 April 2023
-
Additions
1
At 30 September 2024
1
Carrying amount
At 30 September 2024
1
4
Debtors
2024
Amounts falling due within one year:
£
Amounts owed by group undertakings
1
Endeavour Media Limited
Notes to the Financial Statements (Continued)
For the period ended 30 September 2024
Page 4
5
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
1
6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
7
Related party transactions
The company has taken advantage of the exemption available under paragraph 33.1A of the Financial Reporting Standard 102 not to disclose transactions with any wholly owned members of the group.
8
Parent company
The immediate parent company is Derry Publications Limited and the ultimate parent company is Media Concierge (Holdings) Limited, companies incorporated in England and Wales.
The smallest and largest entity preparing consolidated accounts is Media Concierge (Holdings) Limited. The consolidated group accounts are available from 47 Great Marlborough Street, London, W1F 7JP.
The ultimate controlling party is M C Denmark by virtue of his shareholding in Media Concierge (Holdings) Limited.
For the financial period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.