Acorah Software Products - Accounts Production 16.3.350 false true true false 29 February 2024 28 February 2025 28 February 2025 15532839 Mr Richard Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15532839 2024-02-28 15532839 2025-02-28 15532839 2024-02-29 2025-02-28 15532839 frs-core:CurrentFinancialInstruments 2025-02-28 15532839 frs-core:Non-currentFinancialInstruments 2025-02-28 15532839 frs-core:MotorVehicles 2025-02-28 15532839 frs-core:MotorVehicles 2024-02-29 2025-02-28 15532839 frs-core:MotorVehicles 2024-02-28 15532839 frs-core:ShareCapital 2025-02-28 15532839 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 15532839 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 15532839 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 15532839 frs-bus:SmallEntities 2024-02-29 2025-02-28 15532839 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 15532839 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 15532839 1 2024-02-29 2025-02-28 15532839 frs-bus:Director1 2024-02-29 2025-02-28 15532839 frs-countries:EnglandWales 2024-02-29 2025-02-28
Registered number: 15532839
Media HQ 2 Limited
Financial Statements
For The Year Ended 28 February 2025
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15532839
2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 32,115
Investment Properties 5 1,550,000
1,582,115
CURRENT ASSETS
Debtors 6 2,600
Cash at bank and in hand 112,544
115,144
Creditors: Amounts Falling Due Within One Year 7 (757 )
NET CURRENT ASSETS (LIABILITIES) 114,387
TOTAL ASSETS LESS CURRENT LIABILITIES 1,696,502
Creditors: Amounts Falling Due After More Than One Year 8 (1,771,746 )
NET LIABILITIES (75,244 )
CAPITAL AND RESERVES
Called up share capital 9 1
Profit and Loss Account (75,245 )
SHAREHOLDERS' FUNDS (75,244)
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Davies
Director
18/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Media HQ 2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15532839 . The registered office is 6 Shavington Avenue, Chester, Cheshire, United Kingdom, CH2 3RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
The accounts have been prepared on a going concern basis, with the assumption that the directors and shareholders will maintain their financial support for the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Reducing Balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 29 February 2024 -
Additions 35,683
As at 28 February 2025 35,683
Depreciation
As at 29 February 2024 -
Provided during the period 3,568
As at 28 February 2025 3,568
Net Book Value
As at 28 February 2025 32,115
As at 29 February 2024 -
5. Investment Property
2025
£
Fair Value
As at 29 February 2024 -
Additions 1,550,000
As at 28 February 2025 1,550,000
6. Debtors
2025
£
Due within one year
Prepayments and accrued income 1,446
VAT 1,154
2,600
7. Creditors: Amounts Falling Due Within One Year
2025
£
Other taxes and social security 757
8. Creditors: Amounts Falling Due After More Than One Year
2025
£
Directors loan account 1,771,746
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9. Share Capital
2025
£
Allotted, Called up and fully paid 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Richard Davies by virtue of his ownership of 100% of the issued share capital in the company.
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