Champion Communications Limited 31/12/2024 iXBRL

Company registration number: 06436475

Champion Communications Limited

Unaudited filleted financial statements

31 December 2024

Champion Communications Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Champion Communications Limited

Directors and other information


Directors	Mr R Cook
	Ms G T Dunbar	(Resigned 16 September 2025)


Company number	06436475


Registered office	Labs House
	90 High Holborn
	London
	WC1V 6LJ

Champion Communications Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,615		6,090
		_______		_______
			3,615		6,090

Current assets
Debtors	6	77,598		36,047
Cash at bank and in hand		146,088		167,131
		_______		_______
		223,686		203,178
Creditors: amounts falling due
within one year	7	( 225,863)		( 133,615)
		_______		_______
Net current (liabilities)/assets			( 2,177)		69,563
			_______		_______
Total assets less current liabilities			1,438		75,653

			_______		_______
Net assets			1,438		75,653
			_______		_______

Capital and reserves
Called up share capital			50		50
Capital redemption reserve			50		50
Profit and loss account			1,338		75,553
			_______		_______
Shareholders funds			1,438		75,653
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. The directors acknowledge his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr R Cook

Director

Company registration number: 06436475

Champion Communications Limited

Notes to the financial statements

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 Labs House, 90 High Holborn, London, WC1V 6LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	over 5 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 9 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	12,373	12,373
	_______	_______
Depreciation
At 1 January 2024	6,283	6,283
Charge for the year	2,475	2,475
	_______	_______
At 31 December 2024	8,758	8,758
	_______	_______
Carrying amount
At 31 December 2024	3,615	3,615
	_______	_______
At 31 December 2023	6,090	6,090
	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	44,565	16,036
Other debtors	33,033	20,011
	_______	_______
	77,598	36,047
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	41,005	20,538
Corporation tax	42,798	40,823
Social security and other taxes	16,181	24,085
Other creditors	125,879	48,169
	_______	_______
	225,863	133,615
	_______	_______

8. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	15,500	5,406
	_______	_______