| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2024 to 30 September 2024 |
| for |
| Mediascape Ltd. |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2024 to 30 September 2024 |
| for |
| Mediascape Ltd. |
| Mediascape Ltd. (Registered number: SC260763) |
| Contents of the Financial Statements |
| for the Period 1 January 2024 to 30 September 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| Mediascape Ltd. |
| Company Information |
| for the Period 1 January 2024 to 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor |
| 22-24 Blythswood Square |
| Glasgow |
| G2 4BG |
| Mediascape Ltd. (Registered number: SC260763) |
| Statement of Financial Position |
| 30 September 2024 |
| 30.9.24 | 31.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| 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. |
| Mediascape Ltd. (Registered number: SC260763) |
| Statement of Financial Position - continued |
| 30 September 2024 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Mediascape Ltd. (Registered number: SC260763) |
| Notes to the Financial Statements |
| for the Period 1 January 2024 to 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Mediascape Ltd. is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| We confirm that in accordance with the Financial Reporting Council’s recommendations that we have carried out a rigorous assessment of the company's financial position and have reached a view after that assessment that the company is entitled to be considered a going concern and that the accounts for 2011 properly reflect that status as a basis for preparation of the accounts. |
| In completing our assessment, we have considered a period of time which is greater than 1 year from the date of signing these accounts. |
| Based upon that assessment, we consider that the disclosure in the accounts is balanced, proportionate and clear and reflects the facts, as established during the assessment, of the next twelve months. |
| Turnover |
| Turnover is the amount derived from ordinary activities, and stated after sales discounts, other sales taxes and net of VAT. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| Mediascape Ltd. (Registered number: SC260763) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2024 to 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for period |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 31 December 2023 |
| Mediascape Ltd. (Registered number: SC260763) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2024 to 30 September 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 31.12.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 31.12.23 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.24 | 31.12.23 |
| £ | £ |
| Bank loans |
| A bond and floating charge has been granted over the undertaking and all property and assets present and future of the company including uncalled capital in favour of Royal Bank of Scotland plc. This was agreed at a meeting of the directors on 10th July 2007. |
| Unless otherwise agreed in writing by the Bank, the Floating Charge shall, subject to Section 464(2) of the Companies Act 1985, rank in priority to any fixed security and any other floating charge which shall be created by the Company after its execution of the signed Floating Charge document. |
| A floating charge has been granted over the property and undertaking of the company in favour of RBS Invoice Finance Ltd and agreed at a meeting of the directors on 21st August 2015. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| Mediascape Ltd. |
| Report of the Accountants to the Directors of |
| Mediascape Ltd. |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 30 September 2024 set out on page nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 2nd Floor |
| 22-24 Blythswood Square |
| Glasgow |
| G2 4BG |