Company Registration No. 10717194 (England and Wales)
Media Chain Group Holding Ltd.
Unaudited accounts
for the year ended 31 December 2024
Media Chain Group Holding Ltd.
Unaudited accounts
Contents
Media Chain Group Holding Ltd.
Company Information
for the year ended 31 December 2024
Directors
C T P Grobel
C Rahe
Company Number
10717194 (England and Wales)
Registered Office
29 Great James Street
London
WC1N 3EY
United Kingdom
Media Chain Group Holding Ltd.
Statement of financial position
as at 31 December 2024
Debtors
1,301,154
1,322,497
Creditors: amounts falling due within one year
(947)
(21,261)
Net current assets
1,300,207
1,301,236
Net assets
1,300,209
1,301,238
Share premium
3,589,311
3,589,311
Capital redemption reserve
18,385
18,385
Profit and loss account
(2,307,487)
(2,306,458)
Shareholders' funds
1,300,209
1,301,238
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 directors acknowledge their 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 of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by
C T P Grobel
Director
Company Registration No. 10717194
Media Chain Group Holding Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Media Chain Group Holding Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10717194. 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 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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. In particular reliance on key individuals and relationships with social media platforms do not give rise to any concerns with respect to projected trading in the forthcoming 12 months. We will continue to monitor the increased inflation rate and potential economic downturn and the impact this may have on the Group. The Directors nevertheless consider the Company to be in a strong position and are confident in the market outlook.
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual agreement are classified as jointly controlled entities.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2024
2
Valuation at 31 December 2024
2
Media Chain Group Holding Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1,301,154
1,322,497
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
-
17,144
Taxes and social security
167
167
The ultimate controlling party is C T P Grobel.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).