IRIS Accounts Production v25.1.4.42 06036668 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060366682023-12-31060366682024-12-31060366682024-01-012024-12-31060366682022-12-31060366682023-01-012023-12-31060366682023-12-3106036668ns15:EnglandWales2024-01-012024-12-3106036668ns14:PoundSterling2024-01-012024-12-3106036668ns10:Director12024-01-012024-12-3106036668ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106036668ns10:SmallEntities2024-01-012024-12-3106036668ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106036668ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106036668ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106036668ns10:FullAccounts2024-01-012024-12-3106036668ns10:Director22024-01-012024-12-3106036668ns10:RegisteredOffice2024-01-012024-12-3106036668ns5:CurrentFinancialInstruments2024-12-3106036668ns5:CurrentFinancialInstruments2023-12-3106036668ns5:Non-currentFinancialInstruments2024-12-3106036668ns5:Non-currentFinancialInstruments2023-12-3106036668ns5:ShareCapital2024-12-3106036668ns5:ShareCapital2023-12-3106036668ns5:RetainedEarningsAccumulatedLosses2024-12-3106036668ns5:RetainedEarningsAccumulatedLosses2023-12-3106036668ns5:PlantMachinery2024-01-012024-12-3106036668ns5:FurnitureFittings2024-01-012024-12-3106036668ns5:ComputerEquipment2024-01-012024-12-3106036668ns5:PlantMachinery2023-12-3106036668ns5:FurnitureFittings2023-12-3106036668ns5:ComputerEquipment2023-12-3106036668ns5:PlantMachinery2024-12-3106036668ns5:FurnitureFittings2024-12-3106036668ns5:ComputerEquipment2024-12-3106036668ns5:PlantMachinery2023-12-3106036668ns5:FurnitureFittings2023-12-3106036668ns5:ComputerEquipment2023-12-3106036668ns5:CostValuation2023-12-3106036668ns5:RevaluationsIncreaseDecreaseInInvestments2024-12-3106036668ns5:CostValuation2024-12-3106036668ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106036668ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106036668ns5:Non-currentFinancialInstruments2024-01-012024-12-3106036668ns5:DeferredTaxation2023-12-3106036668ns5:DeferredTaxation2024-01-012024-12-3106036668ns5:DeferredTaxation2024-12-31
REGISTERED NUMBER: 06036668 (England and Wales)












POINT THIRTEEN MEDIA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POINT THIRTEEN MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S Kemp
J M Hill





REGISTERED OFFICE: The 13th Chapel
Greater Horseshoe Way
Knowle
Fareham
Hampshire
PO17 5LF





REGISTERED NUMBER: 06036668 (England and Wales)

POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 9,971 13,392
Investments 5 117,485 103,139
127,456 116,531

CURRENT ASSETS
Debtors 6 199,059 449,116
Cash at bank 684,335 1,272,343
883,394 1,721,459
CREDITORS
Amounts falling due within one year 7 (285,400 ) (644,816 )
NET CURRENT ASSETS 597,994 1,076,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,450

1,193,174

CREDITORS
Amounts falling due after more than one year 8 (49,980 ) (49,980 )

PROVISIONS FOR LIABILITIES 10 (2,493 ) (3,349 )
NET ASSETS 672,977 1,139,845

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 671,977 1,138,845
672,977 1,139,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

BALANCE SHEET - continued
31 DECEMBER 2024


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 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 18 July 2025 and were signed on its behalf by:





S Kemp - Director


POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Point Thirteen Media Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents net invoiced sales of services relating to advertisement and recruitment, excluding value added tax. Revenue is recognised when the advertisement is inserted in the publication.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years
Computer equipment - Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Taxation
Taxation for the year 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 balance sheet date.


POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 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.

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.

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

The exception to this is in respect of fixed asset investments in shares and cryptocurrencies which are measured at fair value with changes in fair value recognised in profit and loss.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2024 3,945 52,696 66,520 123,161
Additions - 2,165 4,021 6,186
Disposals - - (4,846 ) (4,846 )
At 31 December 2024 3,945 54,861 65,695 124,501
DEPRECIATION
At 1 January 2024 3,846 48,968 56,955 109,769
Charge for year 51 1,587 7,969 9,607
Eliminated on disposal - - (4,846 ) (4,846 )
At 31 December 2024 3,897 50,555 60,078 114,530
NET BOOK VALUE
At 31 December 2024 48 4,306 5,617 9,971
At 31 December 2023 99 3,728 9,565 13,392

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1 January 2024 103,139
Revaluations 14,346
At 31 December 2024 117,485
NET BOOK VALUE
At 31 December 2024 117,485
At 31 December 2023 103,139

POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£
Valuation in 2022 (8,218 )
Valuation in 2023 11,357
Valuation in 2024 14,346
Cost 100,000
117,485

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 100,000 100,000

Fixed asset investments were valued on an open market basis on 31 December 2024 by St. James's Place .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 142,359 122,224
Other debtors 56,700 326,892
199,059 449,116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 51,998 50,130
Taxation and social security 187,789 284,089
Other creditors 45,613 310,597
285,400 644,816

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 49,980 49,980

POINT THIRTEEN MEDIA LTD (REGISTERED NUMBER: 06036668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The amount included as falling due after more than one year relates to an interest free shareholder loan. At present there is no scheduled repayment date however the lender has given notice that no repayments will be required to be made within 12 months following the signature of the financial statements.

9. LEASING AGREEMENTS
At the balance sheet date, the company had future commitments under operating leases totalling £14,389 (2023 - £34,237).

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 2,493 3,349

Deferred tax
£
Balance at 1 January 2024 3,349
Provided during year (856 )
Decelerated capital allowances
Balance at 31 December 2024 2,493