PETE MATHESON MEDIA LIMITED


Directors	MATHESON, Erica Judith
	MATHESON, Peter David Alexander


Registered Address	C/O Smooth Accounting Limited
	Building 1000 Lakeside North Harbour
	Western Road
	PO6 3EN


Registered Number	12379452 (England and Wales)

Balance Sheet as at
5 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,529		1,701
Tangible assets	4		80,224		83,438
			81,753		85,139
Current assets
Debtors	5	69,567		17,452
Cash at bank and on hand		72,253		72,422
		141,820		89,874
Creditors amounts falling due within one year	6	(115,498)		(110,695)
Net current assets (liabilities)			26,322		(20,821)
Total assets less current liabilities			108,075		64,318
Provisions for liabilities	7		(20,005)		(20,692)
Accruals and deferred income			(18)		(1,043)
Net assets			88,052		42,583
Capital and reserves
Called up share capital			100		100
Profit and loss account			87,952		42,483
Shareholders' funds			88,052		42,583

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2025, and are signed on its behalf by:

MATHESON, Peter David Alexander
Director
Registered Company No. 12379452

PETE MATHESON MEDIA LIMITED

Notes to the Financial Statements
for the year ended 5 April 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover represents net invoiced sales of goods, excluding value added tax for technology consultancy services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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.

Current taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Intangible assets
	Other intangible assets is a website. It is amortised to profit and loss account over its estimated economic life of 10 years.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	3
Vehicles	33	-
Office Equipment	-	3

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		3

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 06 April 24	2,835	2,835
At 05 April 25	2,835	2,835
Amortisation and impairment
At 06 April 24	1,134	1,134
Charge for year	172	172
At 05 April 25	1,306	1,306
Net book value
At 05 April 25	1,529	1,529
At 05 April 24	1,701	1,701

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 06 April 24	341	85,765	57,443	143,549
Additions	-	-	42,237	42,237
Disposals	-	-	(10,910)	(10,910)
At 05 April 25	341	85,765	88,770	174,876
Depreciation and impairment
At 06 April 24	341	28,588	31,182	60,111
Charge for year	-	18,868	17,220	36,088
On disposals	-	-	(1,547)	(1,547)
At 05 April 25	341	47,456	46,855	94,652
Net book value
At 05 April 25	-	38,309	41,915	80,224
At 05 April 24	-	57,177	26,261	83,438

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	15,000	4,590
Amounts owed by associates and joint ventures / participating interests	39,088	501
Other debtors	8,014	3,360
Prepayments and accrued income	7,465	9,001
Total	69,567	17,452

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	7,952	7,929
Bank borrowings and overdrafts	15,487	8,876
Taxation and social security	51,197	19,563
Other creditors	40,862	50,419
Accrued liabilities and deferred income	-	23,908
Total	115,498	110,695

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	20,005	20,692
Total	20,005	20,692

8.	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.

9.	Related party transactions
	Included within other creditors is an amount owed to the directors of £40,862.96 (2024- £50,412.97). This amount is undated, unsecured, interest free and repayable on demand. Included within other debtors is an amount owed by Not A Business Coach Limited of £39,088.41 (2024 - £501.00). This amount is undated, unsecured, interest free and repayable on demand. Both company's are under the control of, and therefore related by virtue of, a common director, Mr Peter Matheson.

Related party transactions

Included within other creditors is an amount owed to the directors of £40,862.96 (2024- £50,412.97). This amount is undated, unsecured, interest free and repayable on demand.

Included within other debtors is an amount owed by Not A Business Coach Limited of £39,088.41 (2024 - £501.00). This amount is undated, unsecured, interest free and repayable on demand. Both company's are under the control of, and therefore related by virtue of, a common director, Mr Peter Matheson.