Registration number:
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Springhill Place Media Consultancy Limited
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Springhill Place Media Consultancy Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Springhill Place Media Consultancy Limited
Company Information
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Director |
A Young |
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Registered office |
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Accountants |
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Springhill Place Media Consultancy Limited
Statement of Financial Position as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
125,422 |
9,997 |
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Shareholders' funds |
125,522 |
10,097 |
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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A Young
Director
Company registration number: 14880278
Springhill Place Media Consultancy Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of the provision of consultancy services to the media broadcasting industry.
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Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Disclosure of long or short period
Going concern
The company had net assets at 31 March 2025 amounting to £125,522 including cash in bank of £4,662.
The company has few fixed overheads and the director has assessed the impact of the current economic conditions within the industry and it is his view that the impact on the group remains manageable.
On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Exemption from preparing group accounts
The company and its subsidiary undertakings comprise a small group and therefore is exempt from preparing consolidated financial statements under section 399 of Companies Act 2006.
Springhill Place Media Consultancy Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net rebates and discounts.
The company recognises revenue when the contractual performance obligations have been fulfilled.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company during the year, was
Springhill Place Media Consultancy Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
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- |
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Subsidiaries |
£ |
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Cost or valuation |
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Additions and at 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Amounts owed by group undertakings |
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Included within amounts owed by group undertakings is an amount of £110,000 (2024: £nil) which is due in greater than one year.
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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