Media Spin Ltd,Ltd - AccountsLtd - Accounts

Media Spin Ltd,Ltd - AccountsLtd - Accounts

MEDIA SPIN LTD - Company Information

Print Friendly Version

2021-02-01 07845244 2022-01-31 07845244 2021-02-01 2022-01-31 07845244 2021-01-31 07845244 2020-02-01 2021-01-31 07845244 uk-core:WithinOneYear 2021-01-31 07845244 uk-core:WithinOneYear 2022-01-31 07845244 uk-core:AfterOneYear 2021-01-31 07845244 uk-core:AfterOneYear 2022-01-31 07845244 uk-core:ShareCapital 2022-01-31 07845244 uk-core:ShareCapital 2021-01-31 07845244 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 07845244 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 07845244 uk-bus:Director1 2021-02-01 2022-01-31 07845244 uk-core:CostValuation 2021-01-31 07845244 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2021-01-31 07845244 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-01-31 07845244 uk-core:CostValuation 2022-01-31 07845244 uk-core:Non-currentFinancialInstruments 2022-01-31 07845244 uk-core:Non-currentFinancialInstruments 2021-01-31 iso4217:GBP xbrli:pure 07845244 uk-bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 07845244 uk-bus:FRS102 2021-02-01 2022-01-31 07845244 uk-bus:FullAccounts 2021-02-01 2022-01-31 07845244 uk-bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31
Media Spin Ltd
Registered Number:07845244
For the year ended 31 January 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2022
Media Spin Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07845244
As at 31 January 2022
Media Spin Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Financial assets
929,214
929,214
2
929,214
929,214
Current assets
Financial assets
80,000
80,000
3
80,000
80,000
Trade and other payables: amounts falling due within one
year
(10,686)
(12,438)
4
69,314
67,562
Net current assets
Total assets less current liabilities
996,776
998,528
Trade and other payables: amounts falling due after more
than one year
(1,311,553)
(1,311,553)
5
(314,777)
Net liabilities
(313,025)
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(315,777)
(314,025)
(314,777)
(313,025)
Shareholders' funds
For the year ended 31 January 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Gavin Bonallie Director
These financial statements were approved and authorised for issue by the Board on 08 August 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 January 2022
Media Spin Ltd
Notes to the Financial Statements
Statutory Information
Media Spin Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07845244.
Registered address:
12 Sea View Park
Whitburn
Sunderland
Tyne & Wear
SR6 7JS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Investments held as fixed assets
Other investments
Total
At 01 February 2021
929,214
929,214
Cost
£
£
At 31 January 2022
929,214
929,214
At 31 January 2022
Net book value
929,214
929,214
At 01 February 2021
929,214
929,214
3. Financial instruments at fair value
2021
2022
£
£
Other investments
80,000
80,000
2 of 3
5
For the year ended 31 January 2022
Media Spin Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Other creditors
12,438
10,686
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Other creditors
1,311,553
1,311,553
6. Related party transactions
As at 31 January 2022, Mr Gavin Bonallie (director of the company) was owed £9,558 by Media Spin Ltd (year ended
31 January 2021 - £9,246 owed by Media Spin Ltd). This balance was in relation to a loan.
7. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
3 of 3