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REGISTERED NUMBER: 05326350 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MMG PUBLISHING LIMITED

MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

MMG PUBLISHING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: M E Leary





SECRETARY: M E Leary





REGISTERED OFFICE: Suite 2
1-3 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX





REGISTERED NUMBER: 05326350 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 60,375 80,500
Tangible assets 5 171,606 191,434
Investments 6 100 100
Investment property 7 360,421 381,374
592,502 653,408

CURRENT ASSETS
Debtors 8 204,219 204,347
Cash at bank and in hand 436,785 329,999
641,004 534,346
CREDITORS
Amounts falling due within one year 9 391,921 421,943
NET CURRENT ASSETS 249,083 112,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,585

765,811

CREDITORS
Amounts falling due after more than one
year

10

-

31,026
NET ASSETS 841,585 734,785

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 49 49
Retained earnings 841,485 734,685
SHAREHOLDERS' FUNDS 841,585 734,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

BALANCE SHEET - continued
31 December 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 30 April 2025 and were signed by:





M E Leary - Director


MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

MMG Publishing 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.

Preparation of consolidated financial statements
The financial statements contain information about MMG Publishing Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is recognised when it is probable that future economic benefits will flow to the company from the provision of publishing services and is measured as the fair value of consideration which the company expects to receive from those transactions. Turnover is recognised on a straight line basis over the life of the publishing agreement. Turnover is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.


MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2023 - 10 ) .

MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 321,912
AMORTISATION
At 1 January 2024 241,412
Amortisation for year 20,125
At 31 December 2024 261,537
NET BOOK VALUE
At 31 December 2024 60,375
At 31 December 2023 80,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 41,611 285,910 50,932 378,453
Additions 1,498 19,385 4,840 25,723
At 31 December 2024 43,109 305,295 55,772 404,176
DEPRECIATION
At 1 January 2024 35,223 103,851 47,945 187,019
Charge for year 1,975 40,291 3,285 45,551
At 31 December 2024 37,198 144,142 51,230 232,570
NET BOOK VALUE
At 31 December 2024 5,911 161,153 4,542 171,606
At 31 December 2023 6,388 182,059 2,987 191,434

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

MMG PUBLISHING LIMITED (REGISTERED NUMBER: 05326350)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 381,374
Disposals (20,953 )
At 31 December 2024 360,421
NET BOOK VALUE
At 31 December 2024 360,421
At 31 December 2023 381,374

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 26,728 27,478
Other debtors 177,491 176,869
204,219 204,347

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 20,682
Trade creditors 8,817 16,478
Amounts owed to group undertakings 100,425 80,152
Taxation and social security 51,790 97,900
Other creditors 230,889 206,731
391,921 421,943

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 31,026

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MMG PUBLISHING LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MMG Publishing Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MMG Publishing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MMG Publishing Limited and state those matters that we have agreed to state to the director of MMG Publishing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MMG Publishing Limited and its director for our work or for this report.

It is your duty to ensure that MMG Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MMG Publishing Limited. You consider that MMG Publishing Limited 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 financial statements of MMG Publishing Limited. 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 financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


30 April 2025