IRIS Accounts Production v25.4.0.155 03700688 director 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03700688 2024-01-31 03700688 2025-01-31 03700688 2024-02-01 2025-01-31 03700688 2023-01-31 03700688 2023-02-01 2024-01-31 03700688 2024-01-31 03700688 ns15:EnglandWales 2024-02-01 2025-01-31 03700688 ns14:PoundSterling 2024-02-01 2025-01-31 03700688 ns10:Director1 2024-02-01 2025-01-31 03700688 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03700688 ns10:SmallEntities 2024-02-01 2025-01-31 03700688 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 03700688 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 03700688 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 03700688 ns10:FullAccounts 2024-02-01 2025-01-31 03700688 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 03700688 ns10:CompanySecretary1 2024-02-01 2025-01-31 03700688 ns10:RegisteredOffice 2024-02-01 2025-01-31 03700688 ns5:CurrentFinancialInstruments 2025-01-31 03700688 ns5:CurrentFinancialInstruments 2024-01-31 03700688 ns5:ShareCapital 2025-01-31 03700688 ns5:ShareCapital 2024-01-31 03700688 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-01-31 03700688 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-01-31 03700688 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 03700688 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 03700688 ns5:CostValuation 2024-01-31 03700688 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-01-31 03700688 ns5:CostValuation 2025-01-31 03700688 ns10:OrdinaryShareClass1 2025-01-31 03700688 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-01-31

REGISTERED NUMBER: 03700688 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JANUARY 2025 |

| FOR |

| MEDIAFUN LIMITED |

| MEDIAFUN LIMITED (REGISTERED NUMBER: 03700688) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MEDIAFUN LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTOR: | J E Walker

| SECRETARY: | Mrs G E Walker

| REGISTERED OFFICE: | 400-402 Richmond Road

| Sheffield

| South Yorkshire

| S13 8LZ

| REGISTERED NUMBER: | 03700688 (England and Wales)

| ACCOUNTANTS: | Jones Francis Limited

| 400-402 Richmond Road

| Sheffield

| South Yorkshire

| S13 8LZ

| MEDIAFUN LIMITED (REGISTERED NUMBER: 03700688) |

BALANCE SHEET

31 JANUARY 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 2,400,000 |  | 2,600,000 |  |

CURRENT ASSETS

Cash at bank | 30 |  | 15 |  |

CREDITORS

Amounts falling due within one year | 5 | 16,374 |  | 31,562 |  |

NET CURRENT LIABILITIES | (16,344 | ) | (31,547 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,383,656 |  | 2,568,453 |  |

PROVISIONS FOR LIABILITIES | 589,696 |  | 639,696 |  |

NET ASSETS | 1,793,960 |  | 1,928,757 |  |

CAPITAL AND RESERVES

Called up share capital | 6 | 2 |  | 2 |  |

Fair value reserve | 7 | 1,769,087 |  | 1,919,087 |  |

Retained earnings | 24,871 |  | 9,668 |  |

SHAREHOLDERS' FUNDS | 1,793,960 |  | 1,928,757 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| MEDIAFUN LIMITED (REGISTERED NUMBER: 03700688) |

BALANCE SHEET - continued

31 JANUARY 2025

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 director and authorised for issue on 27 January 2026 and were signed by:

J E Walker - Director

| MEDIAFUN LIMITED (REGISTERED NUMBER: 03700688) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Mediafun Limited 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 as modified by the revaluation of certain assets.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at fair value.

| 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.

3. | EMPLOYEES AND DIRECTORS

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

| MEDIAFUN LIMITED (REGISTERED NUMBER: 03700688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST OR VALUATION

| At 1 February 2024 | 2,600,000 |  |

| Revaluations | (200,000 | ) |

| At 31 January 2025 | 2,400,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | 2,400,000 |  |

| At 31 January 2024 | 2,600,000 |  |

| Cost or valuation at 31 January 2025 is represented by:

| Shares in

| group

| undertakings

£ |

| Valuation in 2019 | 1,258,783 |  |

| Valuation in 2020 | 1,650,000 |  |

| Valuation in 2023 | (350,000 | ) |

| Valuation in 2025 | (200,000 | ) |

| Cost | 41,217 |  |

2,400,000 |  |

| If shares in group undertakings had not been revalued they would have been included at the following historical cost:

| 31.1.25 |  | 31.1.24

£ | £ |

| Cost | 41,217 |  | 41,217 |  |

| Shares in group undertakings were valued on an open market basis on 31 January 2025 by the director .

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts owed to group undertakings | 7,859 |  | 7,859 |  |

| Taxation and social security | 6,419 |  | 20,964 |  |

| Other creditors | 2,096 |  | 2,739 |  |

16,374 |  | 31,562 |  |

| MEDIAFUN LIMITED (REGISTERED NUMBER: 03700688) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 February 2024 | 1,919,087 |  |

| Fair value movement | (150,000 | ) |

| At 31 January 2025 | 1,769,087 |  |

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is J A Walker.