Lamppost Banners Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07414210 (England and Wales)

Financial Statements

for the Period

1 August 2023 to 31 December 2024

for

Lamppost Banners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M A Brennan

REGISTERED OFFICE:

Clare House

5a Clare Road

Halifax

HX1 2HX

REGISTERED NUMBER:

07414210 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Intangible assets

4

-

7,850

Tangible assets

5

5,637

20,270

5,637

28,120

CURRENT ASSETS

Debtors

6

8,745

39,714

Cash at bank

137,014

398,813

145,759

438,527

CREDITORS

Amounts falling due within one year

7

(18,320

)

(312,083

)

NET CURRENT ASSETS

127,439

126,444

TOTAL ASSETS LESS CURRENT
LIABILITIES

133,076

154,564

CREDITORS

Amounts falling due after more than one
year

8

-

(20,000

)

PROVISIONS FOR LIABILITIES

10

(1,409

)

(5,307

)

NET ASSETS

131,667

129,257

CAPITAL AND RESERVES

Called up share capital

11

1

Retained earnings

131,666

129,256

SHAREHOLDERS' FUNDS

131,667

129,257

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 director and authorised for issue on 26 September 2025 and were signed by:

M A Brennan - Director

1.	STATUTORY INFORMATION

Lamppost Banners 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Following the acquisition, the trade has been transferred to the parent company. It is the intention of the directors for the company to remain dormant. The financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. No provision has been made for the future cost of terminating the business unless such cost were committed at the reporting date.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is recognised when the company satisfies its performance obligations under customer contracts:

Installation

Revenue is recognised at the point of installation of advertising structures, when control passes to the customer.

Changeovers and Removals

Revenue from changeovers and removals is recognised upon completion of the service, when the work has been performed and the customer has accepted the change or removal.

Hardware Sales

Revenue from the sale of hardware is recognised at the point of delivery, when control of the goods transfers to the customer.

Delivery

Revenue from delivery services is recognised when the delivery has been completed and control of the goods has been passed to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment, or alternative basis.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the period 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.

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 period 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.

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.

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.

Change in financial year-end

Effective as at 31st July 2024, the Company changed its financial year-end from 31st July to 31st December. This change was made to better align the Company’s reporting cycle with that of its parent company.

Impact on Financial Reporting

The change in the accounting period has not resulted in any restatement of prior period figures.

Management has ensured that all necessary adjustments have been made to ensure the comparability and consistency of financial information where possible. Users of the financial statements are advised to consider the impact of the extended reporting period when analysing the Company’s performance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 August 2023

13,000

Disposals

(13,000

)

At 31 December 2024

-

AMORTISATION

At 1 August 2023

5,150

Eliminated on disposal

(5,150

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 July 2023

7,850

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 August 2023

48,315

502

2,894

51,711

Disposals

-

(502

)

-

(502

)

At 31 December 2024

48,315

-

2,894

51,209

DEPRECIATION

At 1 August 2023

28,989

502

1,950

31,441

Charge for period

13,689

-

944

14,633

Eliminated on disposal

-

(502

)

-

(502

)

At 31 December 2024

42,678

-

2,894

45,572

NET BOOK VALUE

At 31 December 2024

5,637

-

5,637

At 31 July 2023

19,326

-

944

20,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

7,632

36,090

Other debtors

1,000

VAT

113

-

Prepayments and accrued income

-

2,624

8,745

39,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

-

10,000

Trade creditors

-

27,217

Amounts owed to group undertakings

5,508

-

Taxation and social security

5,796

14,493

Other creditors

-

4,694

Directors' current accounts

-

295

Accruals and deferred income

7,016

255,384

18,320

312,083

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

-

10,000

Bank loans - 2-5 years

-

10,000

-

20,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

-

1,096

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

1,409

5,307

Deferred

tax

£

Balance at 1 August 2023

5,307

Provided during period

(3,898

)

Balance at 31 December 2024

1,409

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

A Ordinary

£0.01

1

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to Note2 to the financial statements, "Basis of preparing the financial statements", which explains that post year end, the directors intend to have the company remain dormant and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Phillipa Symington ACA CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

13.	RELATED PARTY DISCLOSURES

2024

2023

£

Amount due to directors

-

295

14.	ULTIMATE CONTROLLING PARTY

Following the acquisition of the remaining 55% of Lamppost Banners Ltd on 22 July 2024, the ultimate parent company at the balance sheet date is Outdo Holdings Limited (previously Community Partners Holdings Limited), a private company, limited by shares, registered in England and Wales.The company's registered office is 5a Clare Road, Halifax, England, HX1 2HX.

Following the acquisition of the remaining 55% of Lamppost Banners Ltd on 22 July 2024, the parent undertaking at the balance sheet date is Outdo Media Limited (previously CP Media Limited), a limited company, registered in England and Wales. The company's registered office is 5a Clare Road, Halifax, England, HX1 2HX.

15.	COMPARATIVES

This is the first year that the company has been audited. In the prior year the company took advantage of the audit exemption available to small companies, therefore the comparatives in these financial statements for the year ended 31 July 2023 are unaudited. However, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.