Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-20No description of principal activitytrue2023-07-01false99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07513093 2023-07-01 2024-06-30 07513093 2022-07-01 2023-06-30 07513093 2024-06-30 07513093 2023-06-30 07513093 c:Director2 2023-07-01 2024-06-30 07513093 c:Director3 2023-07-01 2024-06-30 07513093 c:RegisteredOffice 2023-07-01 2024-06-30 07513093 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 07513093 d:Buildings d:ShortLeaseholdAssets 2024-06-30 07513093 d:Buildings d:ShortLeaseholdAssets 2023-06-30 07513093 d:OfficeEquipment 2023-07-01 2024-06-30 07513093 d:OfficeEquipment 2024-06-30 07513093 d:OfficeEquipment 2023-06-30 07513093 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07513093 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07513093 d:CurrentFinancialInstruments 2024-06-30 07513093 d:CurrentFinancialInstruments 2023-06-30 07513093 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07513093 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07513093 d:ShareCapital 2024-06-30 07513093 d:ShareCapital 2023-06-30 07513093 d:RetainedEarningsAccumulatedLosses 2024-06-30 07513093 d:RetainedEarningsAccumulatedLosses 2023-06-30 07513093 c:FRS102 2023-07-01 2024-06-30 07513093 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07513093 c:FullAccounts 2023-07-01 2024-06-30 07513093 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07513093 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 07513093








MCAP MEDIA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
MCAP MEDIA LIMITED
 

COMPANY INFORMATION


DIRECTORS
Richard Phillip Myerson 
Darren Guy Lane 




REGISTERED NUMBER
07513093



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BL





 
MCAP MEDIA LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 7

 
MCAP MEDIA LIMITED
REGISTERED NUMBER: 07513093

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,728
3,954

CURRENT ASSETS
  

Debtors
 5 
78,729
163,550

Cash at bank and in hand
  
21,300
82,208

  
100,029
245,758

Creditors: amounts falling due within one year
 6 
(201,956)
(30,215)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(101,927)
 
 
215,543

  

NET (LIABILITIES)/ASSETS
  
(100,199)
219,497


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
(100)
100

Profit and loss account
  
(100,099)
219,397

EQUITY SHAREHOLDERS' (DEFICIT)/FUNDS
  
(100,199)
219,497


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Directors' Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 May 2025.




Darren Guy Lane
Director

Page 1

 
MCAP MEDIA LIMITED
 

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

1.


GENERAL INFORMATION

MCap Media Limited (company number: 07513093), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, England, EC3M 6BL, is a private limited company incorporated in England and Wales. The principal trading address of the Company is 3rd Floor 80 Brook  Street, London, England, W1K 5EG.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Page 2

 
MCAP MEDIA LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
over the life of the lease
Fixtures, fittings and equipment
-
25%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. 

Page 3

 
MCAP MEDIA LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (GBP).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in Statement of Income and Retained Earnings within 'other operating income'.

  
2.10

FINANCE COSTS

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
MCAP MEDIA LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.


  
2.13

INTEREST INCOME

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 5

 
MCAP MEDIA LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Fixtures, fittings and equipment
Total

£
£
£



COST


At 1 July 2023
86,524
8,903
95,427



At 30 June 2024

86,524
8,903
95,427



DEPRECIATION


At 1 July 2023
86,524
4,949
91,473


Charge for the year
-
2,226
2,226



At 30 June 2024

86,524
7,175
93,699



NET BOOK VALUE



At 30 June 2024
-
1,728
1,728



At 30 June 2023
-
3,954
3,954


5.


DEBTORS

2024
2023
£
£

Due within one year

Trade debtors
61,200
20,000

Amounts owed by group undertakings and participating interests
-
316

Other debtors
17,529
17,234

Prepayments and accrued income
-
126,000

78,729
163,550


Page 6

 
MCAP MEDIA LIMITED
 

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

6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
10,386

Amounts owed to group undertakings
189,871
-

Corporation tax
-
17,529

Other taxation and social security
9,785
-

Accruals and deferred income
2,300
2,300

201,956
30,215



7.


COMMITMENTS UNDER OPERATING LEASES

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


8.


RELATED PARTY TRANSACTIONS

Included within debtors are amounts due from related parties of £21,300 (2023: £316) which are connected through common ownership.
Included within creditors are amounts due from related parties of £189,871 
(2023: £Nil) which are connected through common ownership.


Page 7