REGISTERED NUMBER: 04155089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRV MEDIA LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V R Daniels

G J Morris

R J Buckley

SECRETARY:

Mrs S H Daniels

REGISTERED OFFICE:

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

REGISTERED NUMBER:

04155089 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

FIXED ASSETS

Intangible assets

4

152,186

84,076

Tangible assets

5

149,941

103,780

302,127

187,856

CURRENT ASSETS

Debtors

3,051,215

1,807,035

Investments

447,469

72,757

Cash at bank

2,238,189

1,913,370

5,736,873

3,793,162

CREDITORS

Amounts falling due within one year

1,331,469

747,905

NET CURRENT ASSETS

4,405,404

3,045,257

TOTAL ASSETS LESS CURRENT LIABILITIES

4,707,531

3,233,113

CREDITORS

Amounts falling due after more than one year

(1,005,000

)

-

PROVISIONS FOR LIABILITIES

(37,485

)

(25,945

)

NET ASSETS

3,665,046

3,207,168

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

3,664,946

3,207,068

SHAREHOLDERS' FUNDS

3,665,046

3,207,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 December 2025 and were signed on its behalf by:

V R Daniels - Director

G J Morris - Director

1.	STATUTORY INFORMATION

GRV Media 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.

Turnover

Turnover represents fees earned from the provision of online publishing and advertising services, net of value added tax, and is recognized on the provision of those services.

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.

Websites are being amortised evenly over their estimated useful life of ten 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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 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.

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 95 (2024 - 75 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

97,640

Additions

86,526

At 31 March 2025

184,166

AMORTISATION

At 1 April 2024

13,564

Amortisation for year

18,416

At 31 March 2025

31,980

NET BOOK VALUE

At 31 March 2025

152,186

At 31 March 2024

84,076

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

146,802

Additions

97,898

Disposals

(2,332

)

At 31 March 2025

242,368

DEPRECIATION

At 1 April 2024

43,022

Charge for year

49,989

Eliminated on disposal

(584

)

At 31 March 2025

92,427

NET BOOK VALUE

At 31 March 2025

149,941

At 31 March 2024

103,780

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY

GRV Media Holdings Ltd is the company's ultimate controlling party on the basis that it owns 100% of the company's issued share capital.

The registered office of GRV Media Holdings Ltd is the same as GRV Media Ltd which can be found on the Company Information page.