COMPANY REGISTRATION NUMBER:
05346404
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Columbus Media and Events Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Columbus Media and Events Limited |
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|
Statement of Financial Position |
|
31 December 2024
Fixed assets
Current assets
|
Creditors: amounts falling due within one year |
6 |
(
15,418,462) |
|
(
15,418,462) |
|
------------- |
|
------------- |
|
Net current liabilities |
|
(
15,406,462) |
(
15,251,457) |
|
|
------------- |
------------- |
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Total assets less current liabilities |
|
(
15,406,461) |
(
15,251,456) |
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|
------------- |
------------- |
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|
|
|
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Capital and reserves
|
Called up share capital |
|
1,800,000 |
1,800,000 |
|
Profit and loss account |
|
(
17,206,461) |
(
17,051,456) |
|
|
------------- |
------------- |
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Shareholders deficit |
|
(
15,406,461) |
(
15,251,456) |
|
|
------------- |
------------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
18 September 2025
, and are signed on behalf of the board by:
Company registration number:
05346404
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Columbus Media and Events Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 208, Canalot Studios, 222 Kensal Road, London, W10 5BN, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss as set out in the accounting policies below. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Having made appropriate enquiries and having reviewed the company's forecasts and projections, the directors are of the opinion that the company has adequate resources to continue in operational existence for the foreseeable future (at least 12 months from the date the accounts are approved and signed) and to meet its obligations and settle its liabilities as they fall due for payment. Accordingly, the financial statements are prepared on the going concern basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
|
Shares in group undertakings |
Other investments |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
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At 1 January 2024 and 31 December 2024 |
1 |
120,000 |
120,001 |
|
---- |
--------- |
--------- |
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Impairment |
|
|
|
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At 1 January 2024 and 31 December 2024 |
– |
120,000 |
120,000 |
|
---- |
--------- |
--------- |
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|
|
|
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Carrying amount |
|
|
|
|
At 31 December 2024 |
1 |
– |
1 |
|
---- |
--------- |
--------- |
|
At 31 December 2023 |
1 |
– |
1 |
|
---- |
--------- |
--------- |
|
|
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
12,000 |
167,005 |
|
-------- |
--------- |
|
|
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6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to group undertakings |
1,496,472 |
1,496,472 |
|
Other creditors |
13,921,990 |
13,921,990 |
|
------------- |
------------- |
|
15,418,462 |
15,418,462 |
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------------- |
------------- |
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Included within other creditors is £13,921,990 (2022: £13,921,990) loan note. The 10% Fixed Rate Unsecured Loan Note was issued by the company's ultimate parent company on 1 April 2005 and was redeemable at par on 31 March 2015. As at the Balance Sheet date discussions were ongoing with regard to renewing the loan note. No interest is payable from 31 March 2015.
7.
Controlling party
The parent undertaking of the company is Nexus Holdings Limited, a company incorporated in England and Wales. The address of the registered office of the parent is Unit 208, Canalot Studios, 222 Kensal Road, London, England, W10 5BN. The ultimate parent company is Ergo Science Corporation, a company incorporated in the United States of America.