1854 Media Limited - Accounts to registrar (filleted) - small 18.2
1854 Media Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
| FOR |
| 1854 MEDIA LIMITED |
| 1854 MEDIA LIMITED (REGISTERED NUMBER: 08361351) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| 1854 MEDIA LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 34a Watling Street |
| Radlett |
| Hertfordshire |
| WD7 7NN |
| 1854 MEDIA LIMITED (REGISTERED NUMBER: 08361351) |
| BALANCE SHEET |
| 30 JUNE 2019 |
| 2019 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Revaluation reserve | 10 |
| Retained earnings | 10 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| 1854 MEDIA LIMITED (REGISTERED NUMBER: 08361351) |
| BALANCE SHEET - continued |
| 30 JUNE 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| 1854 MEDIA LIMITED (REGISTERED NUMBER: 08361351) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| 1854 Media Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Goodwill |
| Domain names |
| Domain names represent the website names associated with the British Journal of Photography and are stated at historical |
| cost less amortisation. Amortisation is provided on a straight line basis over 20 years which represents the Directors' best |
| estimate of useful economic life. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment and technologies | - |
| Going concern |
| The accounts have been prepared on a going concern basis given the continued financial support of the directors and the |
| company's shareholders. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Domain |
| Goodwill | names | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2018 |
| Additions |
| At 30 June 2019 |
| AMORTISATION |
| At 1 January 2018 |
| Amortisation for period |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 31 December 2017 |
| 1854 MEDIA LIMITED (REGISTERED NUMBER: 08361351) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
| 4. | INTANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 30 June 2019 is represented by: |
| Domain |
| Goodwill | names | Totals |
| £ | £ | £ |
| Valuation in 2013 | 267,770 | 10,000 | 277,770 |
| Valuation in 2014 | - | 5,000 | 5,000 |
| Cost | - | 3,600 | 3,600 |
| 267,770 | 18,600 | 286,370 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Computer |
| Improvements | Fixtures | equipment |
| to | and | and |
| property | fittings | technologies | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 31 December 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2017 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| VAT | 17,709 | 1,976 |
| Other creditors |
| 1854 MEDIA LIMITED (REGISTERED NUMBER: 08361351) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2017 |
| £ | £ |
| Other creditors |
| Other creditors include loans repayable on demand from two of the directors, Mr M P Hartog and Mr A D Kramer, with no |
| fixed terms for repayment and Loan interest payable at a rate of 8% above Bank of England base. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2017 |
| value: | £ | £ |
| A shares | 0.00001 | 214 | 189 |
| B shares | 0.00001 | 13 | 4 |
| 227 | 193 |
| The following fully paid shares were allotted during the period at a premium as shown below: |
| Class A shares have full voting rights; Class B shares have no voting rights. Shares of both classes have full dividend rights, |
| full rights on winding up and are non redeemable. |
| 10. | RESERVES |
| Retained | Share | Revaluation |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 January 2018 | ( |
) | 144,816 |
| Deficit for the period | ( |
) | ( |
) |
| Cash share issue | - | 848,540 | - | 848,540 |
| At 30 June 2019 | ( |
) | 31,200 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is the director, Mr M P Hartog, by virtue of his majority shareholding in the voting share |
| capital of the company. |