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REGISTERED NUMBER: 04243050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

MCR Media Limited

MCR Media Limited (Registered number: 04243050)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCR Media Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr N McRitchie
Mrs S McRitchie





REGISTERED OFFICE: 1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL





REGISTERED NUMBER: 04243050 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

MCR Media Limited (Registered number: 04243050)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,873 93,748
Investments 5 101,000 101,000
147,873 194,748

CURRENT ASSETS
Debtors 6 44,859 -

CREDITORS
Amounts falling due within one year 7 1,400 1,290
NET CURRENT ASSETS/(LIABILITIES) 43,459 (1,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,332

193,458

CREDITORS
Amounts falling due after more than one year 8 - 3,051
NET ASSETS 191,332 190,407

CAPITAL AND RESERVES
Called up share capital 9 50,100 50,100
Retained earnings 10 141,232 140,307
SHAREHOLDERS' FUNDS 191,332 190,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:



Mr N McRitchie - Director


MCR Media Limited (Registered number: 04243050)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

MCR Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration receivable in regards to commission from a subsidiary.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of various magazines, is being amortised evenly over their estimated useful life of 5 - 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


MCR Media Limited (Registered number: 04243050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Basis of preparation
The accounts are prepared on a going concern basis as the Company has sufficient financial resource and support in order to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 912,253
AMORTISATION
At 1 April 2024 818,505
Amortisation for year 46,875
At 31 March 2025 865,380
NET BOOK VALUE
At 31 March 2025 46,873
At 31 March 2024 93,748

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2024
and 31 March 2025 101,000
NET BOOK VALUE
At 31 March 2025 101,000
At 31 March 2024 101,000

MCR Media Limited (Registered number: 04243050)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Directors' loan accounts 750 -
Prepayments and accrued income 156 -
906 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 43,953 -

Aggregate amounts 44,859 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Accrued expenses 1,400 1,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings - 3,051

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50,100 Ordinary 1 50,100 50,100

10. RESERVES
Retained
earnings
£   

At 1 April 2024 140,307
Profit for the year 275,925
Dividends (275,000 )
At 31 March 2025 141,232

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Neil and Sarah McRitchie.