REGISTERED NUMBER: 06637089 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

DARC MEDIA LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

A J Giles

D S Walsh

P A James

Registered office:

Waterloo Place

Watson Square

Stockport

Cheshire

SK1 3AZ

Registered number:

06637089 (England and Wales)

Accountants:

S&W Partners (Manchester) Limited

Accountants

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Intangible assets

5

40,500

54,000

Current assets

Debtors

6

151,082

578,541

Cash at bank

691,411

1,123,593

842,493

1,702,134

Creditors

Amounts falling due within one year

7

289,555

1,327,993

Net current assets

552,938

374,141

Total assets less current liabilities

593,438

428,141

Capital and reserves

Called up share capital

8

300,000

300,000

Retained earnings

293,438

128,141

Shareholders' funds

593,438

428,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

A J Giles - Director

1.	Statutory information

Darc Media 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The Financial Statements have been prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the directors and related companies. The directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

The financial statements do not include any adjustments if the directors and associated companies were not to provide further support.

Turnover

Advertising revenue is recognised upon publication of the magazine.

Subscription revenue is recognised in full upon invoice.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

4.	Employees and directors

The average number of employees during the year was 11 (2024 - 11 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 July 2024

and 30 June 2025

270,000

Amortisation

At 1 July 2024

216,000

Charge for year

13,500

At 30 June 2025

229,500

Net book value

At 30 June 2025

40,500

At 30 June 2024

54,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

124,663

366,290

Other debtors

26,419

212,251

151,082

578,541

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

36,211

66,172

Taxation and social security

956

99,991

Other creditors

252,388

1,161,830

289,555

1,327,993

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300,000

Ordinary

£1

300,000

300,000

9.	Related party transactions

The Company has taken advantage of the exemption in Section 1A of FRS 102 from disclosing transactions with other wholly owned group companies.

There were no other related party transactions that are required to be disclosed in the financial statements.

10.	Ultimate parent undertaking and controlling party