Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false8112023-10-01falsefalseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06544156 2023-10-01 2024-09-30 06544156 2022-10-01 2023-09-30 06544156 2024-09-30 06544156 2023-09-30 06544156 c:Director1 2023-10-01 2024-09-30 06544156 d:ComputerEquipment 2023-10-01 2024-09-30 06544156 d:ComputerEquipment 2024-09-30 06544156 d:ComputerEquipment 2023-09-30 06544156 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06544156 d:Goodwill 2024-09-30 06544156 d:Goodwill 2023-09-30 06544156 d:CurrentFinancialInstruments 2024-09-30 06544156 d:CurrentFinancialInstruments 2023-09-30 06544156 d:Non-currentFinancialInstruments 2024-09-30 06544156 d:Non-currentFinancialInstruments 2023-09-30 06544156 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06544156 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06544156 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 06544156 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 06544156 d:ShareCapital 2024-09-30 06544156 d:ShareCapital 2023-09-30 06544156 d:RetainedEarningsAccumulatedLosses 2024-09-30 06544156 d:RetainedEarningsAccumulatedLosses 2023-09-30 06544156 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06544156 c:OrdinaryShareClass1 2024-09-30 06544156 c:OrdinaryShareClass1 2023-09-30 06544156 c:FRS102 2023-10-01 2024-09-30 06544156 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06544156 c:FullAccounts 2023-10-01 2024-09-30 06544156 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06544156 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 06544156 2 2023-10-01 2024-09-30 06544156 6 2023-10-01 2024-09-30 06544156 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 06544156 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06544156










MAGNUM MEDIA LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MAGNUM MEDIA LIMITED
REGISTERED NUMBER:06544156

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,035
-

Investments
 6 
-
1

  
1,035
1

Current assets
  

Debtors: amounts falling due within one year
 7 
1,171,907
1,022,511

Bank and cash balances
  
1,627,785
520,883

  
2,799,692
1,543,394

Creditors: amounts falling due within one year
 8 
(2,030,089)
(1,372,442)

Net current assets
  
 
 
769,603
 
 
170,952

Total assets less current liabilities
  
770,638
170,953

Creditors: amounts falling due after more than one year
  
(330,000)
-

  

Net assets
  
440,638
170,953


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
440,636
170,951

  
440,638
170,953


Page 1

 
MAGNUM MEDIA LIMITED
REGISTERED NUMBER:06544156
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




A E Auerbach
Director

Page 2

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Magnum Media Limited is a private company limited by share capital, incorporared in England and Wales, registration number 06544156. The registered office is 10 Queen Street Place, London, EC4R 1AG.  
The financial statements are presented in Sterling (£).

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is 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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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

Page 3

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss 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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years

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 profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 8).


4.


Intangible assets




Goodwill

£



Cost


Additions
660,000



At 30 September 2024

660,000



Amortisation


Charge for the year 
660,000



At 30 September 2024

660,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 6

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,331



At 30 September 2024

1,331



Depreciation


Charge for the year on owned assets
296



At 30 September 2024

296



Net book value



At 30 September 2024
1,035



At 30 September 2023
-


6.


Fixed asset investments





Investments in subsidiary companies

£





At 1 October 2023
1


Additions
50,000


Transfers intra group
(50,001)



At 30 September 2024
-




The 100% shareholding in Magnum Productions Limited (formerly Magnum Distribution Limited) was transferred to Magnum Productions Holdco Limited in July 2024.

Page 7

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
117,210
35,848

Other debtors
6,518
91,432

Prepayments and accrued income
1,048,179
895,231

1,171,907
1,022,511



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,050,000
865,000

Trade creditors
58,404
76,672

Amounts owed to group undertakings
1,849
2,462

Corporation tax
464,130
102,991

Other taxation and social security
25,858
8,283

Other creditors
317,972
227,963

Accruals and deferred income
111,876
89,071

2,030,089
1,372,442


The following liabilities were secured:

2024
2023
£
£



Bank loans
1,050,000
865,000

1,050,000
865,000

Details of security provided:

The bank loans are secured by a fixed and floating charge over the assets of the Company.

Page 8

 
MAGNUM MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
330,000
-

330,000
-



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,050,000
865,000




1,050,000
865,000



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares shares of £1.00 each
2
2



12.


Controlling party

The controlling party is Magnum Media Holdco Limited by virtue of shareholding.

 
Page 9