Russell Pike Media Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02710107

RUSSELL PIKE MEDIA LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

RUSSELL PIKE MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		15,403		20,783

CURRENT ASSETS

Debtors	6	725,992	533,019
Investments	7	3,160,266	4,458,283
Cash at bank and in hand		1,643,775	492,559
		------------	------------
		5,530,033	5,483,861

CREDITORS: amounts falling due within one year	8	204,313		128,211
		------------		------------
NET CURRENT ASSETS			5,325,720		5,355,650
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			5,341,123		5,376,433

PROVISIONS

Taxation including deferred tax	4,083	72,132
	------------	------------
NET ASSETS	5,337,040	5,304,301
	------------	------------

CAPITAL AND RESERVES

Called up share capital	9	10,000	10,000
Fair value reserve		–	261,162
Profit and loss account		5,327,040	5,033,139
		------------	------------
SHAREHOLDERS FUNDS		5,337,040	5,304,301
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RUSSELL PIKE MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 12 January 2026 , and are signed on behalf of the board by:

R J Pike
Director

Company registration number: 02710107

RUSSELL PIKE MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 30 April 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Muras Baker Jones, Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long term contracts for on-going services, turnover represents the value of work done in the year, including estimates for amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investments Cash investments with fixed interest upon maturity are valued at cost with accrued interest recognised through the profit and loss account in the period to which it relates. Other investments are recognised at fair value based upon the portfolio valuation at the balance sheet date. Fair value gains and losses are shown in the profit and loss account. Deferred tax on fair value gains and losses is recognised within the taxation charge in the profit and loss account. An adjustment is made within reserves to transfer the effect of the fair value adjustment, net of tax, to non-distributable reserves.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture & office equipment - short life	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Investments in equity based investment bonds are measured at fair value as determined by the issuers fund value with changes in fair value being recognised in the fair value reserve.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. TANGIBLE ASSETS

	Furniture and office equipment - short life	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024	13,979	36,740	50,719
Additions	857	–	857
Disposals	( 6,669)	–	( 6,669)
	--------	--------	--------
At 30 April 2025	8,167	36,740	44,907
	--------	--------	--------
Depreciation
At 1 May 2024	8,696	21,240	29,936
Charge for the year	1,259	3,875	5,134
Disposals	( 5,566)	–	( 5,566)
	--------	--------	--------
At 30 April 2025	4,389	25,115	29,504
	--------	--------	--------
Carrying amount
At 30 April 2025	3,778	11,625	15,403
	--------	--------	--------
At 30 April 2024	5,283	15,500	20,783
	--------	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	122,766	112,518
Other debtors	603,226	420,501
	---------	---------
	725,992	533,019
	---------	---------

7. INVESTMENTS

	2025	2024
	£	£
Investments	3,160,266	4,458,283
	------------	------------

The above unlisted investments are split as :

	2025	2024
	£	£
Assets valued at cost	3,160,266	3,368,406
Assets valued at fair value	–	1,089,877
	------------	------------
	3,160,266	4,458,283
	------------	------------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	31,056	51,473
Corporation tax	113,601	39,650
Social security and other taxes	8,766	16,019
Other creditors	50,890	21,069
	---------	---------
	204,313	128,211
	---------	---------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
R J Pike	125,514	288,999	( 109,960)	304,553
	---------	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
R J Pike	46,581	128,379	( 49,446)	125,514
	--------	---------	--------	---------

The loan is repayable on demand and no interest was charged on the loan to the director.