Company No:
Contents
| Directors | M Hill |
| I Urnes |
| Registered office | Mercury House |
| 117 Waterloo Road | |
| London | |
| SE1 8UL | |
| United Kingdom |
| Company number | 04103437 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| Suite 2 | |
| Orchard House | |
| Orchard Street | |
| Canterbury | |
| Kent | |
| CT2 8AR |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mediaburst Limited for the financial year ended 31 December 2025 which comprise the Balance Sheet and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Mediaburst Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mediaburst Limited. You consider that Mediaburst Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Mediaburst Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 3 |
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| - due after more than one year | 3 |
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| Cash at bank and in hand |
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| 231,804 | 283,370 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (2,846,842) | (2,077,064) | ||
| Total assets less current liabilities | (2,846,842) | (2,077,064) | ||
| Creditors: amounts falling due after more than one year | 5 | (
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| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of Mediaburst Limited (registered number:
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I Urnes
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Mediaburst Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mercury House, 117 Waterloo Road, London, SE1 8UL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet at the date of approving these financial statements. The directors have a reasonable expectation that the Company has continued support from the wider group companies to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Trade debtors |
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| Corporation tax |
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| Other debtors |
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| Debtors: amounts falling due after more than one year | |||
| Amounts owed by Group undertakings |
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| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors |
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| Other taxation and social security |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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The ultimate controlling party is Generated Health Inc by virtue of its indirectly holding 100% of the share capital and voting rights of the company.