Company Registration No. 10611522 (England and Wales)
Media Chain Group Limited
Unaudited accounts
for the year ended 31 December 2024
Media Chain Group Limited
Unaudited accounts
Contents
Media Chain Group Limited
Company Information
for the year ended 31 December 2024
Company Number
10611522 (England and Wales)
Registered Office
29 Great James Street
London
WC1N 3EY
United Kingdom
Media Chain Group Limited
Statement of financial position
as at 31 December 2024
Intangible assets
7,551
8,126
Tangible assets
2,568
4,360
Cash at bank and in hand
8,071
198,225
Creditors: amounts falling due within one year
(1,441,756)
(1,470,538)
Net current liabilities
(1,398,955)
(1,225,821)
Net liabilities
(1,363,836)
(1,213,335)
Called up share capital
1
1
Profit and loss account
(1,363,837)
(1,213,336)
Shareholders' funds
(1,363,836)
(1,213,335)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 December 2025 and were signed on its behalf by
C T P Grobel
Director
Company Registration No. 10611522
Media Chain Group Limited
Notes to the Accounts
for the year ended 31 December 2024
Media Chain Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10611522. The registered office is 29 Great James Street, London, WC1N 3EY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the subsidiary qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on a going concern basis. In determining the appropriate basis of preparation of the financial statements, the Directors have considered whether the Company can continue in operational existence for the foreseeable future. The Directors have considered the principal risks and uncertainties with respect to their assessment of going concern, none of which in the opinion of the Directors give rise to specific risk to the going concern status of the company.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Patents & licences 5% on cost
Media Chain Group Limited
Notes to the Accounts
for the year ended 31 December 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
At 31 December 2024
11,491
Amortisation is provided for at 5% on cost.
5
Tangible fixed assets
Computer equipment
Media Chain Group Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Investments
Other investments
Valuation at 1 January 2024
-
Valuation at 31 December 2024
25,000
Amounts falling due within one year
Amounts due from group undertakings etc.
34,967
34,967
Accrued income and prepayments
2,180
-
Other debtors
(5,689)
11,100
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
46,410
-
Trade creditors
30,727
30,402
Amounts owed to group undertakings and other participating interests
1,299,920
1,304,116
Taxes and social security
1,953
118,302
Other creditors
39,401
17,718
The ultimate controlling party is C T P Grobel.
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).