MULTILOCAL MEDIA LTD


Directors	BOOTLE, Robin
	BOWMAN, Thomas Kevin
	LEAVER, James Daniel


Registered Address	27 Old Gloucester Street
	London
	WC1N 3AX


Registered Number	12347886 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		20,465		25,286
Investments	4		380,789		146,608
			401,254		171,894
Current assets
Debtors	5	3,295,160		2,823,520
Cash at bank and on hand		1,413,110		285,282
		4,708,270		3,108,802
Creditors amounts falling due within one year	6	(2,334,182)		(1,783,400)
Net current assets (liabilities)			2,374,088		1,325,402
Total assets less current liabilities			2,775,342		1,497,296
Creditors amounts falling due after one year	7		(5,278)		(15,654)
Net assets			2,770,064		1,481,642
Capital and reserves
Called up share capital			108		120
Profit and loss account			2,769,956		1,481,522
Shareholders' funds			2,770,064		1,481,642

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 19 September 2025, and are signed on its behalf by:

LEAVER, James Daniel
Director
Registered Company No. 12347886

MULTILOCAL MEDIA LTD

Notes to the Financial Statements
for the year ended 31 December 2024

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

	Research and development
	All research costs are expensed. Costs related to the development of products are capitalised when they meet the following conditions: (i)It is technically feasible to complete the development so that the product will be available for use or sale. (ii)It is intended to use or sell the product being developed. (iii)The company is able to use or sell the product being developed. (iv)It can be demonstrated that the product will generate probable future economic benefits. (v)Adequate technical, financial and other resources exist so that product development can be completed and the product subsequently used or sold. (vi)Expenditure attributable to the development can be reliably measured. All other development expenditure is recognised as an expense in the period in which it is incurred. Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful lives which range from 5 to 15 years.

Research and development

All research costs are expensed. Costs related to the development of products are capitalised when they meet the following conditions:

(i)It is technically feasible to complete the development so that the product will be available for use or sale.

(ii)It is intended to use or sell the product being developed.

(iii)The company is able to use or sell the product being developed.

(iv)It can be demonstrated that the product will generate probable future economic benefits.

(v)Adequate technical, financial and other resources exist so that product development can be completed and the product subsequently used or sold.

(vi)Expenditure attributable to the development can be reliably measured.

All other development expenditure is recognised as an expense in the period in which it is incurred.

Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model).

Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful lives which range from 5 to 15 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	5

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	22		25

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	41,275	41,275
Additions	3,903	3,903
At 31 December 24	45,178	45,178
Depreciation and impairment
At 01 January 24	15,989	15,989
Charge for year	8,786	8,786
Other adjustments	(62)	(62)
At 31 December 24	24,713	24,713
Net book value
At 31 December 24	20,465	20,465
At 31 December 23	25,286	25,286

4.	Fixed asset investments

	Investments in groups¹	Loans to groups²	Total
	£	£	£
Cost or valuation
At 01 January 24	157	146,451	146,608
Additions	234,181	-	234,181
Transfers	146,451	(146,451)	-
At 31 December 24	380,789	-	380,789
Net book value
At 31 December 24	380,789	-	380,789
At 31 December 23	157	146,451	146,608

	Notes
	¹Investments in group undertakings and participating interests ²Loans to group undertakings and participating interests

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	3,180,251	2,775,391
Other debtors	46,661	2
Prepayments and accrued income	68,248	48,127
Total	3,295,160	2,823,520

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,912,948	1,630,031
Bank borrowings and overdrafts	10,376	10,121
Taxation and social security	227,092	13,340
Accrued liabilities and deferred income	183,766	129,908
Total	2,334,182	1,783,400


	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.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	5,278	15,654
Total	5,278	15,654