REGISTERED NUMBER: 13506066 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Latour Media Group UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Brown

H H Du Fayet De La Tour

A Gran

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

11 Old Jewry

London

EC2R 8DU

REGISTERED NUMBER:

13506066 (England and Wales)

AUDITORS:

Shahmoon & Co

6.12 Central House 1 Ballards Lane

London

N3 1LQ

FIXED ASSETS

Tangible assets

4

30,912

26,681

CURRENT ASSETS

Debtors

5

85,134

191,528

Cash at bank

56,576

40,137

141,710

231,665

CREDITORS

Amounts falling due within one year

6

335,322

520,405

NET CURRENT LIABILITIES

(193,612

)

(288,740

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(162,700

)

(262,059

)

CREDITORS

Amounts falling due after more than one year

7

1,468,691

900,922

NET LIABILITIES

(1,631,391

)

(1,162,981

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(1,632,391

)

(1,163,981

)

SHAREHOLDERS' FUNDS

(1,631,391

)

(1,162,981

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 December 2025 and were signed on its behalf by:

D Brown - Director

1.	STATUTORY INFORMATION

Latour Media Group UK 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.

All amounts are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover represents amounts receivable, under contracts for services, net of Value Added Tax. Turnover is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

- Office Equipment - 33% on cost

- Fixtures and fittings - 33% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, loans from fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, accruals and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Going concern

Since incorporation the company made losses and has had a net deficit. However, the company is expected to be profitable in the future.

The Director considers that the Company has adequate resources to continue in operational existence for the foreseeable future with guaranteed financial support from the parent company.

Based on the above, the director believes that the financial statements can be prepared on a going concern basis.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

38,148

9,189

47,337

Additions

26,470

1,192

27,662

At 31 December 2024

64,618

10,381

74,999

DEPRECIATION

At 1 January 2024

15,995

4,661

20,656

Charge for year

20,163

3,268

23,431

At 31 December 2024

36,158

7,929

44,087

NET BOOK VALUE

At 31 December 2024

28,460

2,452

30,912

At 31 December 2023

22,153

4,528

26,681

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

81,563

162,688

Directors' current accounts

-

30

Accrued income and prepayments

3,571

28,810

85,134

191,528

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

79,277

109,322

VAT

26,461

4,492

Other creditors

13,730

17,084

Accruals

215,854

389,507

335,322

520,405

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

1,468,691

900,922

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ran Shahmoon (Senior Statutory Auditor)

for and on behalf of Shahmoon & Co

10.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is Adriver Corporation SAS, a company incorporated in France, whose registered address is 9 Rue Louis-Forest, Louvecienness, France, 78430.

Consolidated financial statements are prepared by the ultimate parent company, copies of which can be obtained on the above address.