Media Rights Corporation Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11705001 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Media Rights Corporation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Beaton

W A C Sargent

REGISTERED OFFICE:

39 Long Acre

London

WC2E 9LG

REGISTERED NUMBER:

11705001 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

CURRENT ASSETS

Cash at bank

1,960

2,715

CREDITORS

Amounts falling due within one year

4

27,516

26,228

NET CURRENT LIABILITIES

(25,556

)

(23,513

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,556

)

(23,513

)

CREDITORS

Amounts falling due after more than
one year

5

1,286

3,622

NET LIABILITIES

(26,842

)

(27,135

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(26,844

)

(27,137

)

(26,842

)

(27,135

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:

C D Beaton - Director

1.	STATUTORY INFORMATION

Media Rights Corporation 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.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provision of the financial instrument.

Cash and cash equivalents

Comprises of cash at bank.

Financial Liabilities

Creditors are not interest bearing and are stated at their nominal value.

Taxation

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.

Taxation assets and liabilities are not discounted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Bank loans and overdrafts

2,524

2,377

Trade creditors

-

360

Other creditors

3,307

3,808

Directors' loan accounts

21,685

19,183

Accrued expenses

-

500