Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-08-016falsevideo production and streaming services6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12746000 2023-08-01 2024-07-31 12746000 2022-08-01 2023-07-31 12746000 2024-07-31 12746000 2023-07-31 12746000 c:Director1 2023-08-01 2024-07-31 12746000 d:FurnitureFittings 2023-08-01 2024-07-31 12746000 d:OfficeEquipment 2023-08-01 2024-07-31 12746000 d:ComputerEquipment 2023-08-01 2024-07-31 12746000 d:CurrentFinancialInstruments 2024-07-31 12746000 d:CurrentFinancialInstruments 2023-07-31 12746000 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12746000 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12746000 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12746000 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12746000 d:ShareCapital 2024-07-31 12746000 d:ShareCapital 2023-07-31 12746000 d:SharePremium 2024-07-31 12746000 d:SharePremium 2023-07-31 12746000 d:RetainedEarningsAccumulatedLosses 2024-07-31 12746000 d:RetainedEarningsAccumulatedLosses 2023-07-31 12746000 c:OrdinaryShareClass1 2023-08-01 2024-07-31 12746000 c:OrdinaryShareClass1 2024-07-31 12746000 c:OrdinaryShareClass1 2023-07-31 12746000 c:FRS102 2023-08-01 2024-07-31 12746000 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12746000 c:FullAccounts 2023-08-01 2024-07-31 12746000 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12746000 2 2023-08-01 2024-07-31 12746000 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12746000














JR MEDIA LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
JR MEDIA LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
JR MEDIA LIMITED
REGISTERED NUMBER:12746000

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
9,794
10,955

Tangible assets
 4 
4,515
6,822

  
14,309
17,777

Current assets
  

Stocks
  
5,437
3,687

Debtors: amounts falling due within one year
 6 
20,657
34,524

Cash at bank and in hand
 7 
5,433
6,748

  
31,527
44,959

Creditors: amounts falling due within one year
 8 
(303,377)
(138,230)

Net current liabilities
  
 
 
(271,850)
 
 
(93,271)

Total assets less current liabilities
  
(257,541)
(75,494)

Creditors: amounts falling due after more than one year
  
(13,512)
-

  

Net liabilities
  
(271,053)
(75,494)


Capital and reserves
  

Called up share capital 
 10 
13,441
13,441

Share premium account
  
286,659
286,659

Profit and loss account
  
(571,153)
(375,594)

  
(271,053)
(75,494)


1

 
JR MEDIA LIMITED
REGISTERED NUMBER:12746000
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 22 July 2025.




J C Davidson
Director

The notes on pages 3 to 8 form part of these financial statements.

2

 
JR MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

JR Media Limited is a private company, limited by shares, registered in England and Wales, registration number 12746000
The address of the registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The address of its principal place of business is Unit 2 The Belfry, 4400 Parkway, Solent Business Park, Whiteley, PO15 7FJ.
 
The principal activity is that of video production and streaming services


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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have confirmed that they will provide financial support to the company to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

 
2.3

Revenue

Revenue comprises turnover recognised by the company in respect of the production and streaming of videos during the period, exclusive of Value Added Tax.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

3

 
JR MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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.

 Amortisation is provided on the following bases:

Website development
-
10%

 
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:

Fixtures and fittings
-
3 years straight line
Office equipment
-
3-5 years straight line
Computer equipment
-
3 years straight line

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.

4

 
JR MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

 Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.12

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.13

 Creditors

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

 
2.14

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

5

 
JR MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Intangible assets




Website development

£



Cost


At 1 August 2023
11,609



At 31 July 2024

11,609



Amortisation


At 1 August 2023
654


Charge for the year on owned assets
1,161



At 31 July 2024

1,815



Net book value



At 31 July 2024
9,794



At 31 July 2023
10,955




4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 August 2023
9,175
1,786
5,199
16,160


Additions
894
-
1,069
1,963



At 31 July 2024

10,069
1,786
6,268
18,123



Depreciation


At 1 August 2023
5,311
1,063
2,964
9,338


Charge for the year on owned assets
2,087
442
1,741
4,270



At 31 July 2024

7,398
1,505
4,705
13,608



Net book value



At 31 July 2024
2,671
281
1,563
4,515



At 31 July 2023
3,864
723
2,235
6,822

6

 
JR MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
5,437
3,687

5,437
3,687



6.


Debtors

2024
2023
£
£


Trade debtors
4,778
2,301

Other debtors
5,278
7,284

Prepayments
10,601
24,939

20,657
34,524



7.


Cash

2024
2023
£
£

Cash at bank and in hand
5,433
6,748



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
101,570
40,284

Other taxation and social security
1,554
2,135

Other creditors
166,537
62,958

Accruals and deferred income
33,716
32,853

303,377
138,230



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Accruals and deferred income
13,512
-

13,512
-


7

 
JR MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



13,441 (2023 - 13,441) Ordinary shares of £1.00 each
13,441
13,441



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £3,310 (2023 - £3,191) . Contributions totalling £566 (2023 - £673) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 July 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
17,559
12,500

Later than 1 year and not later than 5 years
2,930
-

20,489
12,500


13.


Related party transactions

Included within other creditors due within one year is an amount totalling £10,036 (2023 - £36) owed to a director. This loan is interest free and repayable on demand.
Included within other creditors due within one year is an amount totalling £155,935 (2023 - £62,248) owed to Jim Davidson Productions Limited, a company in which a director has a signficant interest in. 

 
8