Jukin Media, Limited
Financial Statements
For the period ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 10255835 (England and Wales)
Jukin Media, Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Jukin Media, Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
581
2,087
Current assets
Debtors
4
357,274
254,317
Cash at bank and in hand
35,089
22,668
392,363
276,985
Creditors: amounts falling due within one year
5
(133,932)
(58,938)
Net current assets
258,431
218,047
Net assets
259,012
220,134
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
258,012
219,134
Total equity
259,012
220,134

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

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 27 June 2025
M  Visser
Director
Company Registration No. 10255835
Jukin Media, Limited
Notes to the Financial Statements
For the period ended 30 June 2024
Page 2
1
Accounting policies
Company information

Jukin Media, Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 New Street Square, London, EC4A 3TW.

1.1
Reporting period

The company has extended its accounting period from 31 December 2023 to 30 June 2024, to align its year end with its parent company. These accounts are prepared on a 18 month period running from 1 January 2023 to 30 June 2024. The comparatives are for the year ended 31 December 2022.

1.2
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 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, certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

These financial statements are prepared on the going concern basis which assumes that the company will continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. The company is reliant on other group entities as the company’s revenue is entirely from contracts to provide sales and marketing services to the group. RDA Holding Co., the company’s ultimate parent entity, has agreed to support the company for at least 12 months from the approval of the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration is calculated using the "cost-plus" method which is recharged to the parent company.

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.

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:

Leasehold improvements
20%
Fixtures and fittings
33%
Computers
20%

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.

Jukin Media, Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
1
Accounting policies
(Continued)
Page 3
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

 

The company only has basic financial instruments measured at amortised cost with no financial instruments classified as other, or basic financial instruments measured at fair value.

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 and deferred tax.

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.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Jukin Media, Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
1
Accounting policies
(Continued)
Page 4
1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2024
2022
Number
Number
Total
5
7
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023 and 30 June 2024
2,225
17,296
19,521
Depreciation and impairment
At 1 January 2023
2,002
15,432
17,434
Depreciation charged in the period
223
1,283
1,506
At 30 June 2024
2,225
16,715
18,940
Carrying amount
At 30 June 2024
-
0
581
581
At 31 December 2022
223
1,864
2,087
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
342,142
147,730
Other debtors
13,835
105,256
Prepayments and accrued income
1,297
1,331
357,274
254,317
Jukin Media, Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
Page 5
5
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
5,030
2,722
Corporation tax
22,144
17,416
Other taxation and social security
9,521
10,411
Other creditors
1,737
-
Accruals and deferred income
95,500
28,389
133,932
58,938
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Joanna Cosgrove
Statutory Auditor:
Moore Kingston Smith LLP
7
Operating lease commitments
Lessee

At the reporting end date the company had no outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2022
£
£
-
0
67,932
8
Related party transactions

The Company has taken advantage of the exemption available in FRS 102 Paragraph 33.1A whereby it has not disclosed transactions with the immediate parent company or any wholly owned subsidiary undertaking.

9
Parent company

The smallest group for which consolidated financial statements are drawn up is headed by Trusted Media Brands, Inc., whose registered office is 485 Lexington Avenue, New York, NY 10017, United States.

 

There is no ultimate controlling party.

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