Company registration number 14201074 (England and Wales)
HJP MEDIA LONDON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
HJP MEDIA LONDON LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
HJP MEDIA LONDON LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,057,232
11,314,386
Tangible assets
4
277,745
101,934
Investments
5
2
2
10,334,979
11,416,322
Current assets
Debtors
7
1,291,752
318,919
Cash at bank and in hand
480,702
1,081,476
1,772,454
1,400,395
Creditors: amounts falling due within one year
8
(1,805,859)
(2,216,504)
Net current liabilities
(33,405)
(816,109)
Net assets
10,301,574
10,600,213
Capital and reserves
Called up share capital
9
6,051,532
7,651,532
Capital redemption reserve
4,100,000
2,500,000
Profit and loss reserves
150,042
448,681
Total equity
10,301,574
10,600,213

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his 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 year 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 and signed by the director and authorised for issue on 4 June 2025
P Hollywood
Director
Company registration number 14201074 (England and Wales)
HJP MEDIA LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

HJP Media London Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
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 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 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.

 

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

 

The company has also taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents amounts receivable for services provided, net of VAT. Turnover is recognised in the period to which it relates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademarks
10% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

HJP MEDIA LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings and property
No depreciation
Plant and equipment
10% straight line
Computers
33% straight line
Motor vehicles
25% reducing balance

Buildings and property are in the course of construction are not depreciated.

 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries 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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

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.

HJP MEDIA LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.10

Preference share

The Redeemable Preference shares are classified as equity in accordance with Section 22 (liabilities and equity) as they are redeemable at the option of the issuer and do not carry a right to a return.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
Trademarks
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
12,570,000
1,540
12,571,540
Amortisation and impairment
At 1 July 2023
1,257,000
154
1,257,154
Amortisation charged for the year
1,257,000
154
1,257,154
At 30 June 2024
2,514,000
308
2,514,308
Carrying amount
At 30 June 2024
10,056,000
1,232
10,057,232
At 30 June 2023
11,313,000
1,386
11,314,386
HJP MEDIA LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
4
Tangible fixed assets
Buildings and property
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
75,071
-
0
-
0
32,418
107,489
Additions
-
0
272,000
1,396
-
0
273,396
Disposals
(75,071)
-
0
-
0
(10,568)
(85,639)
At 30 June 2024
-
0
272,000
1,396
21,850
295,246
Depreciation and impairment
At 1 July 2023
-
0
-
0
-
0
5,555
5,555
Depreciation charged in the year
-
0
11,333
29
3,226
14,588
Eliminated in respect of disposals
-
0
-
0
-
0
(2,642)
(2,642)
At 30 June 2024
-
0
11,333
29
6,139
17,501
Carrying amount
At 30 June 2024
-
0
260,667
1,367
15,711
277,745
At 30 June 2023
75,071
-
0
-
0
26,863
101,934
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2
2
6
Subsidiaries

Details of the company's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Paul Hollywood Limited
166 College Road, Harrow, England, HA1 1RA
Ordinary
100.00
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,202,962
637
Other debtors
88,790
318,282
1,291,752
318,919
HJP MEDIA LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
8
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
786,497
1,294,091
Corporation tax
566,475
446,541
Other taxation and social security
351,776
292,732
Other creditors
101,111
183,140
1,805,859
2,216,504
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
2
2
2
2
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Redeemable Preference shares of £1 each
6,051,530
7,651,530
6,051,530
7,651,530
Preference shares classified as equity
6,051,530
7,651,530
Total equity share capital
6,051,532
7,651,532

During the year the company redeemed £1,600,000 (2023: £2,500,000) redeemable Preference shares of £1 each.

 

10
Related party transactions

Included within other debtors is an amount of £88,790 (2023: £318,282) due from a company controlled by the director.

 

Included within other creditors is an amount of £82,602 (2023: £179,340) due to the director, as at the balance sheet date.

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