Insider Media Limited
Unaudited Financial Statements
For the period ended 30 September 2025
Pages for Filing with Registrar
Company Registration No. 05398725 (England and Wales)
Insider Media Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Insider Media Limited
Balance Sheet
As at 30 September 2025
30 September 2025
Page 1
30 September 2025
28 December 2024
Notes
£
£
£
£
Fixed assets
Investments
3
1,235,894
1,235,894
Current assets
-
-
Creditors: amounts falling due within one year
5
(157,894)
(157,894)
Net current liabilities
(157,894)
(157,894)
Net assets
1,078,000
1,078,000
Capital and reserves
Called up share capital
6
542,150
542,150
Profit and loss reserves
535,850
535,850
Total equity
1,078,000
1,078,000
For the financial period ended 30 September 2025 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 15 May 2026 and are signed on its behalf by:
R E Elliot
Director
Company Registration No. 05398725
Insider Media Limited
Notes to the Financial Statements
For the period ended 30 September 2025
Page 2
1
Accounting policies
Company information
Insider Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Princes Street, London, United Kingdom, W1B 2LU.
1.1
Reporting period
The company changed its year end to September from December, in order to align with the ultimate parent, Media Concierge (Holdings) Limited. Therefore, the 9 month to 30 September 2025 is not directly comparable to the previous financial year.
1.2
Basis of preparation
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the period ended 30 September 2025 are the first financial statements of Insider Media Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 31 December 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.3
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors of the truesister company, Iconic Media Group Limited, have prepared a cash flow forecast for a period of 12 months from the date of approval of these financial statements which indicates that the group and company will have sufficient funds to meet liabilities as they fall due for that period. The cash flow forecast has assessed the impacts of other external factors and has concluded that there is no significant impact to the going concern status of the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Profit and loss account
The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities 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 profit or 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.
Insider Media Limited
Notes to the Financial Statements (Continued)
For the period ended 30 September 2025
1
Accounting policies
(Continued)
Page 3
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 influence 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 arrangement are classified as jointly controlled entities.
1.6
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.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Insider Media Limited
Notes to the Financial Statements (Continued)
For the period ended 30 September 2025
1
Accounting policies
(Continued)
Page 4
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2024
Number
Number
Total
0
0
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,235,894
1,235,894
4
Subsidiaries
Details of the company's subsidiaries at 30 September 2025 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Newsco Insider Limited
England
Ordinary
100
0
The Business Magazine Group Limited
England
Ordinary
0
100
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
157,894
157,894
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
542,150
542,150
542,150
542,150
Insider Media Limited
Notes to the Financial Statements (Continued)
For the period ended 30 September 2025
Page 5
7
Financial commitments, guarantees and contingent liabilities
On the 18 December 2024, the intermediate parent, Neo Media Holdings Limited signed a Term Loan Facility with HSBC UK Bank plc, the facility to be used primarily to fund the acquisition of Iconic Media Holdings Limited.
The following group companies are guarantors for the facility: Iconic Media Holdings Limited, Iconic Media Group Limited, Newsco Insider Limited, Midland News Association Limited(The) and Insider Media Limited.
The Term Loan has a maturity date of December 2027 with options to extend the loan to December 2029 and interest is charged at a 3.35% margin over the SONIA daily rate.
8
Parent company
At the balance sheet date, the immediate parent company is Iconic Media Holdings Limited and the ultimate parent company is Media Concierge (Holdings) Limited, both incorporated in England and Wales.
The smallest and largest entity preparing consolidated accounts is Media Concierge (Holdings) Limited. The consolidated group accounts are available from 22 Princes Street, London, England, W1B 2LU.
Since the balance sheet date, the group carried out a reorganisation. As a result, the ultimate parent company is Media Concierge Holdings Group Limited. The ultimate controlling party is C Denmark by virtue of his shareholding in the ultimate parent company.
For the financial period ended 30 September 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.