2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05409239 2024-01-01 2024-12-31 05409239 2024-12-31 05409239 2023-12-31 05409239 2023-01-01 2023-12-31 05409239 2023-12-31 05409239 2022-12-31 05409239 bus:Director1 2024-01-01 2024-12-31 05409239 core:LandBuildings 2023-12-31 05409239 core:LandBuildings 2024-12-31 05409239 core:AfterOneYear 2024-12-31 05409239 core:AfterOneYear 2023-12-31 05409239 core:WithinOneYear 2024-12-31 05409239 core:WithinOneYear 2023-12-31 05409239 core:ShareCapital 2024-12-31 05409239 core:ShareCapital 2023-12-31 05409239 core:RetainedEarningsAccumulatedLosses 2024-12-31 05409239 core:RetainedEarningsAccumulatedLosses 2023-12-31 05409239 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 05409239 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 05409239 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 05409239 core:Non-currentFinancialInstruments 2024-12-31 05409239 core:Non-currentFinancialInstruments 2023-12-31 05409239 core:LandBuildings 2023-12-31 05409239 bus:SmallEntities 2024-01-01 2024-12-31 05409239 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05409239 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05409239 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05409239 bus:FullAccounts 2024-01-01 2024-12-31 05409239 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05409239 core:FurnitureFittingsToolsEquipment 2023-12-31 05409239 core:FurnitureFittingsToolsEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 05409239
Hurlingham Media Limited
Filleted Unaudited Financial Statements
31 December 2024
Hurlingham Media Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,174,613
3,170,807
Investments
6
1,412,916
1,337,916
------------
------------
4,587,529
4,508,723
Current assets
Debtors
7
4,919
4,190
Cash at bank and in hand
20,462
19,401
--------
--------
25,381
23,591
Creditors: amounts falling due within one year
8
2,944,697
2,222,162
------------
------------
Net current liabilities
2,919,316
2,198,571
------------
------------
Total assets less current liabilities
1,668,213
2,310,152
Creditors: amounts falling due after more than one year
9
4,576,718
4,576,718
------------
------------
Net liabilities
( 2,908,505)
( 2,266,566)
------------
------------
Hurlingham Media Limited
Statement of Financial Position (continued)
31 December 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 2,908,507)
( 2,266,568)
------------
------------
Shareholders deficit
( 2,908,505)
( 2,266,566)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
Mr R Vere Nicoll
Director
Company registration number: 05409239
Hurlingham Media Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooks House, 1 Albion Place, Maidstone, Kent, ME14 5DY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These financial statements are prepared on the basis of a going concern as the Company's activities are supported financially by its director.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 January 2024
3,169,733
16,949
3,186,682
Additions
4,146
4,146
------------
--------
------------
At 31 December 2024
3,169,733
21,095
3,190,828
------------
--------
------------
Depreciation
At 1 January 2024
15,875
15,875
Charge for the year
340
340
------------
--------
------------
At 31 December 2024
16,215
16,215
------------
--------
------------
Carrying amount
At 31 December 2024
3,169,733
4,880
3,174,613
------------
--------
------------
At 31 December 2023
3,169,733
1,074
3,170,807
------------
--------
------------
6. Investments
Other investments other than loans
Other loans
Total
£
£
£
Cost
At 1 January 2024
365,760
972,156
1,337,916
Additions
75,000
75,000
Transfers
35,548
(35,548)
---------
---------
------------
At 31 December 2024
476,308
936,608
1,412,916
---------
---------
------------
Impairment
At 1 January 2024 and 31 December 2024
---------
---------
------------
Carrying amount
At 31 December 2024
476,308
936,608
1,412,916
---------
---------
------------
At 31 December 2023
365,760
972,156
1,337,916
---------
---------
------------
7. Debtors
2024
2023
£
£
Other debtors
4,919
4,190
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
2,174
2,328
Other creditors
2,942,523
2,219,834
------------
------------
2,944,697
2,222,162
------------
------------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,251,000
4,251,000
Other creditors
325,718
325,718
------------
------------
4,576,718
4,576,718
------------
------------
The loan is via the director and carries no stipulation as to interest or repayment.