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Company No: 02993094 (England and Wales)

THE MEDIA POINT (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

THE MEDIA POINT (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

THE MEDIA POINT (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
THE MEDIA POINT (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 303 18,644
Cash at bank and in hand 10,209 14,876
10,512 33,520
Creditors: amounts falling due within one year 4 ( 846) ( 17,200)
Net current assets 9,666 16,320
Total assets less current liabilities 9,666 16,320
Net assets 9,666 16,320
Capital and reserves
Called-up share capital 10,000 10,000
Profit and loss account ( 334 ) 6,320
Total shareholder's funds 9,666 16,320

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Media Point (UK) Limited (registered number: 02993094) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R J Lincoln
Director
I Mckinnon-Evans
Director

25 July 2025

THE MEDIA POINT (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
THE MEDIA POINT (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Media Point (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Woolgate Court, Norwich, Norfolk, NR2 4AP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Trade debtors 0 18,644
VAT recoverable 303 0
303 18,644

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 12,465
Accruals 0 2,228
Corporation tax 550 1,935
Other taxation and social security 296 552
Other creditors 0 20
846 17,200

5. Contingencies

Contingent liabilities

2024 2023
£ £
Total contingent liabilities 12,884 24,726

The Company is part of a group VAT registration. At 31 December 2024, the maximum liability was £12,884 (2023: £24,726). However no liability is expected to arise.

6. Ultimate controlling party

The company is controlled by The Point Organisation Limited, a company registered in England and Wales, by virtue of the fact it owns 100% of the issued share capital. This is also the company's ultimate controlling party and parent undertaking. The registered office is 4 Woolgate Court, St Benedicts Street, Norwich, Norfolk NR2 4AP.