Registered number
08788951
CREDIBLE MEDIA LIMITED
Filleted Accounts
27 March 2025
CREDIBLE MEDIA LIMITED
Registered number: 08788951
Balance Sheet
as at 27 March 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 850,000 850,000
Current assets
Debtors 4 25,009 25,009
Creditors: amounts falling due within one year 5 (850,000) (850,000)
Net current liabilities (824,991) (824,991)
Net assets 25,009 25,009
Capital and reserves
Called up share capital 10 10
Share premium 24,999 24,999
Shareholders' funds 25,009 25,009
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Ramsbottom
Director
Approved by the board on 18 June 2025
CREDIBLE MEDIA LIMITED
Notes to the Accounts
for the year ended 27 March 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 28 March 2024 850,000
At 27 March 2025 850,000
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 25,000 25,000
Other debtors 9 9
25,009 25,009
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 850,000 850,000
6 Other information
CREDIBLE MEDIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Sarah Moor Studios
Henshaw Street
Oldham
OL1 3EN
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