Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06411509 P Gowrie-Smith K Gowrie-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06411509 2024-03-31 06411509 2025-03-31 06411509 2024-04-01 2025-03-31 06411509 frs-core:CurrentFinancialInstruments 2025-03-31 06411509 frs-core:Non-currentFinancialInstruments 2025-03-31 06411509 frs-core:ComputerEquipment 2025-03-31 06411509 frs-core:ComputerEquipment 2024-04-01 2025-03-31 06411509 frs-core:ComputerEquipment 2024-03-31 06411509 frs-core:ShareCapital 2025-03-31 06411509 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06411509 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06411509 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06411509 frs-bus:SmallEntities 2024-04-01 2025-03-31 06411509 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06411509 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06411509 frs-bus:Director1 2024-04-01 2025-03-31 06411509 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 06411509 frs-core:CurrentFinancialInstruments 5 2025-03-31 06411509 frs-countries:EnglandWales 2024-04-01 2025-03-31 06411509 2023-03-31 06411509 2024-03-31 06411509 2023-04-01 2024-03-31 06411509 frs-core:CurrentFinancialInstruments 2024-03-31 06411509 frs-core:Non-currentFinancialInstruments 2024-03-31 06411509 frs-core:ShareCapital 2024-03-31 06411509 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06411509 frs-core:CurrentFinancialInstruments 5 2024-03-31
Registered number: 06411509
Magnetise Media Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06411509
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 552 1,116
552 1,116
CURRENT ASSETS
Debtors 5 535,681 585,568
Cash at bank and in hand 80,096 94,397
615,777 679,965
Creditors: Amounts Falling Due Within One Year 6 (30,117 ) (137,815 )
NET CURRENT ASSETS (LIABILITIES) 585,660 542,150
TOTAL ASSETS LESS CURRENT LIABILITIES 586,212 543,266
Creditors: Amounts Falling Due After More Than One Year 7 (2,325,604 ) (2,193,786 )
NET LIABILITIES (1,739,392 ) (1,650,520 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (1,739,393 ) (1,650,521 )
SHAREHOLDERS' FUNDS (1,739,392) (1,650,520)
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Gowrie-Smith
Director
10 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Magnetise Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06411509 . The registered office is 1 Lyric Square, London, W6 0NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company is reliant upon the support of its parent and other group companies, which has agreed to continue their support.  In these circumstances the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 Years straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the 31 March 2024 date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 6,080
Additions 414
As at 31 March 2025 6,494
Depreciation
As at 1 April 2024 4,964
Provided during the period 978
As at 31 March 2025 5,942
Net Book Value
As at 31 March 2025 552
As at 1 April 2024 1,116
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 13,498 120,134
Prepayments and accrued income 19,771 18,670
Other debtors 16,862 114,545
VAT 12,648 119
Amounts owed by group undertakings 472,902 332,100
535,681 585,568
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,833 56,659
Bank loans and overdrafts 18,182 18,182
Corporation tax 274 17,363
Other creditors - 42,776
Accruals 2,828 2,835
30,117 137,815
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 12,121 30,303
Amounts owed to group undertakings 150,000 -
Amounts owed to participating interests 2,163,483 2,163,483
2,325,604 2,193,786
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8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 30,303 48,485
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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