Company registration number: 08411318
Unaudited financial statements
for the year ended 31 December 2024
for
Gruppo Media Limited
Pages for filing with the Registrar
Company registration number: 08411318
Gruppo Media Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Goodwill 4 310,904 346,834
Intangible assets 5 27,846 27,527
Tangible assets 6 108,888 15,783
447,638 390,144
Current assets
Stocks 24,467 36,736
Debtors 255,794 253,444
Cash at bank and in hand 179,808 142,112
460,069 432,292
Creditors: amounts falling due within one
year 		(889,205) (572,504)
Net current liabilities (429,136) (140,212)
Total assets less current liabilities 18,502 249,932
NET ASSETS 18,502 249,932
Capital and reserves
Called up share capital 3,201 3,201
Share premium account - 640,923
Profit and loss account 15,301 (394,192)
TOTAL EQUITY 18,502 249,932
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08411318
Gruppo Media Limited
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Cassina, Director
27 June 2025
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Gruppo Media Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Gruppo Media Limited is a private company registered in England and Wales. Its registered number is 08411318. The company is limited by shares. Its registered office is Somerset House New Wing, Strand, London, WC2R 1LA.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Gruppo Media Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Goodwill
Goodwill is being amortised on the following basis: 5% straight line.
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Gruppo Media Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 10-25% straight line
Motor vehicles - 10% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method.

Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired.

Trade creditors are not interest-bearing and are stated at their nominal value.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Gruppo Media Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 11 (2023 - 10).
4 Goodwill
£
Cost
At 1 January 2024 718,601
At 31 December 2024 718,601
Amortisation
At 1 January 2024 371,767
Charge for year 35,930
At 31 December 2024 407,697
Net book value
At 31 December 2024 310,904
At 31 December 2023 346,834
5 Other intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 33,578
Additions 3,104
At 31 December 2024 36,682
Amortisation
At 1 January 2024 6,051
Charge for year 2,785
At 31 December 2024 8,836
5
Gruppo Media Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Other intangible assets - continued
Net book value
At 31 December 2024 27,846
At 31 December 2023 27,527
6 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 71,015
Additions 107,144
At 31 December 2024 178,159
Depreciation
At 1 January 2024 55,232
Charge for year 14,039
At 31 December 2024 69,271
Net book value
At 31 December 2024 108,888
At 31 December 2023 15,783
7 Cancellation of Share Premium
During the year, the Share Premium account was redeemed and as such, the brought forward value of £640,923 was transferred to Retained earnings.
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