REGISTERED NUMBER: 10721978 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Mount Media Online Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Lancaster

Mr M D Mackay

SECRETARY:

Vistra Cosec Limited

REGISTERED OFFICE:

Suite 1, 7th Floor

50 Broadway

London

SW1H 0BL

REGISTERED NUMBER:

10721978 (England and Wales)

AUDITORS:

Andrew Murray & Co

Business Advisors and Statutory Auditors

144-146 Kings Cross Road

King's Cross

WC1X 9DU

FIXED ASSETS

Tangible assets

4

7,639

8,247

CURRENT ASSETS

Debtors

5

149,082

211,460

Cash at bank and in hand

360,759

215,400

509,841

426,860

CREDITORS

Amounts falling due within one year

6

65,697

90,295

NET CURRENT ASSETS

444,144

336,565

TOTAL ASSETS LESS CURRENT LIABILITIES

451,783

344,812

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

451,683

344,712

451,783

344,812

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:

Mr M Lancaster - Director

1.	STATUTORY INFORMATION

Mount Media Online Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

91,774

52,470

41,491

185,735

Additions

-

-

5,477

5,477

Disposals

(91,774

)

-

-

(91,774

)

At 31 December 2024

-

52,470

46,968

99,438

DEPRECIATION

At 1 January 2024

91,774

47,757

37,957

177,488

Charge for year

-

1,722

4,363

6,085

Eliminated on disposal

(91,774

)

-

-

(91,774

)

At 31 December 2024

-

49,479

42,320

91,799

NET BOOK VALUE

At 31 December 2024

-

2,991

4,648

7,639

At 31 December 2023

-

4,713

3,534

8,247

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

109,312

120,295

Other debtors

23,700

74,230

VAT receivable

9,402

10,235

Prepayments and accrued income

6,668

6,700

149,082

211,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

224

775

Tax

34,337

27,556

Pension liability

1,578

1,701

Accrued expenses

29,558

60,263

65,697

90,295

7.

RESERVES

Retained

earnings

£

At 1 January 2024

344,712

Profit for the year

106,971

At 31 December 2024

451,683

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

The Report of the Auditors was unqualified.

Mr Ashok Modi (Senior Statutory Auditor)

for and on behalf of Andrew Murray & Co