COMPANY REGISTRATION NUMBER:
6440754
|
Muxco North Wales Limited |
|
|
Filleted Unaudited Financial Statements |
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Muxco North Wales Limited |
|
Year ended 31 December 2025
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Statement of financial position |
1 |
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Notes to the financial statements |
2 to 3 |
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Muxco North Wales Limited |
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Statement of Financial Position |
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31 December 2025
Current assets
|
Debtors |
4 |
1,196,229 |
995,566 |
|
Cash at bank and in hand |
67,163 |
115,112 |
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------------ |
------------ |
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1,263,392 |
1,110,678 |
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|
|
|
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Creditors: amounts falling due within one year |
5 |
(
831,404) |
(
797,081) |
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------------ |
------------ |
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Net current assets |
431,988 |
313,597 |
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--------- |
--------- |
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Total assets less current liabilities |
431,988 |
313,597 |
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--------- |
--------- |
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Net assets |
431,988 |
313,597 |
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--------- |
--------- |
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|
|
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Capital and reserves
|
Called up share capital |
6 |
1 |
1 |
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Profit and loss account |
431,987 |
313,596 |
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--------- |
--------- |
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Shareholders funds |
431,988 |
313,597 |
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--------- |
--------- |
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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 income and retained earnings has not been delivered.
For the year ending 31 December 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
17 August 2026
, and are signed on behalf of the board by:
Company registration number:
6440754
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Muxco North Wales Limited |
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Notes to the Financial Statements |
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Year ended 31 December 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 St Hilary Transmitter, St Hilary, Cowbridge, Vale of Glamorgan, CF71 7DP, Wales.
2.
Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
30,131 |
46,128 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,132,986 |
915,935 |
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Other debtors |
33,112 |
33,503 |
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------------ |
--------- |
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1,196,229 |
995,566 |
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------------ |
--------- |
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Other debtors include an amount of £nil (2024 - £nil) falling due after more than one year.
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
89,182 |
83,832 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
568,002 |
657,553 |
|
Accruals and deferred income |
161,057 |
43,582 |
|
Social security and other taxes |
13,163 |
12,114 |
|
--------- |
--------- |
|
831,404 |
797,081 |
|
--------- |
--------- |
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|
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6.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
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Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
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---- |
---- |
---- |
---- |
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7.
Contingencies
Contingent liabilities as at the balance sheet date were as follows: The company is a member of a group for VAT purposes, resulting in a joint and several liability for amounts owing by other group companies for unpaid VAT.
8.
Related party transactions
During the year the company was under the control of Nation Broadcasting Limited a company of which
J.S. Bryant
is executive chairman and majority shareholder. During the year the company has traded at an arms length basis with other subsidiaries of Nation Broadcasting Limited. The company has claimed the exemption under FRS 102 Section 33 not to disclose the value of intergroup transactions with other wholly owned subsidiaries.
9.
Controlling party
The company is a 100% subsidiary of Nation Broadcasting Limited, a company registered in England and Wales. Group accounts are not prepared because the group is small and is not an ineligible group as defined in Section 384 of the Companies Act 2006.