Flashes & Flames Media Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 12865884 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Flashes & Flames Media Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C Morrison

K Delaney

REGISTERED OFFICE:

8 Hampstead Gate

1A Frognal

Hampstead

London

NW3 6AL

REGISTERED NUMBER:

12865884 (England and Wales)

ACCOUNTANTS:

Brackman Chopra LLP

Chartered Accountants

8 Hampstead Gate

1 A Frognal

Hampstead

London

NW3 6AL

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of publishing activities.

REVIEW OF BUSINESS

Flashes & Flames Media Ltd publishes newsletters, podcasts and conferences for the media, business information and events industries. Its principal brand is the 10-year-old Flashes & Flames: Global Media Business Weekly, a subscription newsletter of analytical content, principally for executives and entrepreneurs in the UK, Europe and North America.

Since the 2024-5 financial year, the company has expanded substantially through its launch of high-value business conferences (with two sellout events in 2025) and also acquisition of the assets of MediaVoices 10-year producer of newsletters, awards competitions, conferences and podcasts.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

C Morrison

K Delaney

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C Morrison - Director

29 December 2025

TURNOVER

175,977

89,213

Administrative expenses

78,635

79,993

97,342

9,220

Other operating income

43

-

OPERATING PROFIT

4

97,385

9,220

Interest receivable and similar income

7

2

97,392

9,222

Interest payable and similar expenses

4

-

PROFIT BEFORE TAXATION

97,388

9,222

Tax on profit

22,336

-

PROFIT FOR THE FINANCIAL YEAR

75,052

9,222

FIXED ASSETS

Tangible assets

5

2,480

2,017

CURRENT ASSETS

Debtors

6

58,562

42,069

Cash at bank

131,263

44,831

189,825

86,900

CREDITORS

Amounts falling due within one year

7

84,135

55,799

NET CURRENT ASSETS

105,690

31,101

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,170

33,118

CAPITAL AND RESERVES

Called up share capital

8

25

Retained earnings

108,145

33,093

SHAREHOLDERS' FUNDS

108,170

33,118

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

C Morrison - Director

K Delaney - Director

1.	STATUTORY INFORMATION

Flashes & Flames 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.

Principal activity and turnover

The company's principal activity is that of publishing activities.

Turnover represents the amounts (excluding value added tax) derived from subscriptions. Revenue is recognised when the company becomes entitled to it - usually on the rendering of an invoice.

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 etc

-

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.

Foreign currencies

Functional and presentation currency

The Company's functional and presentation currency is the pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency at the rate of exchange ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the rate of exchange ruling at the date of the transaction.

Financial assets

Financial assets, including trade and other receivables, cash & bank balances, investments and loans from connected and fellow group company's are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from connected and fellow group companies are initially measured at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

827

672

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,766

Additions

1,290

At 31 March 2025

4,056

DEPRECIATION

At 1 April 2024

749

Charge for year

827

At 31 March 2025

1,576

NET BOOK VALUE

At 31 March 2025

2,480

At 31 March 2024

2,017

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

4,595

2,427

VAT

-

1,442

Prepayments and accrued income

17,704

1,937

22,299

5,806

Amounts falling due after more than one year:

Other debtors

36,263

Aggregate amounts

58,562

42,069

On 18 December 2023 the company extended a £36,263 Loan to Jacobs Media Group Ltd. As at 31 March 2025 the company was owed £36,263 (2024: £36,263) by Jacobs Media Group Ltd. Interest on the outstanding balance of the loan is payable at 6%. The total capital and interest is repayable by April 2027.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

3,407

1,811

Tax

22,023

(313

)

Social security and other taxes

201

280

VAT

6,323

-

Accruals and deferred income

52,181

54,021

84,135

55,799

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary shares

0.25

25

9.	RELATED PARTY DISCLOSURES

JACOBS MEDIA GROUP LTD

Associated Company

Colin Morrison, the director of the company was also a 4 % shareholder of Jacobs Media Group Ltd until 28 October 2024.

On 18 December 2023 the company extended a £36,263 Loan to Jacobs Media Group Ltd. As at 31 March 2025 the company was owed £36,263 (2024: £36,263) by Jacobs Media Group Ltd. Interest on the outstanding balance of the loan is payable at 6%. The total capital and interest is repayable by April 2027.