MAESTRO MEDIA LIMITED

MAESTRO MEDIA LIMITED

MAESTRO MEDIA LIMITED - Company Information

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MAESTRO MEDIA LIMITED

Company Registration Number:
11996244 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

MAESTRO MEDIA LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

MAESTRO MEDIA LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
7 months to 31 December 2020


£
£
Fixed assets
Intangible assets: 3 2,709,383 758,637
Tangible assets: 4 43,394 575,589
Total fixed assets: 2,752,777 1,334,226
Current assets
Stocks:   20,319
Debtors:   120,804 109,449
Cash at bank and in hand: 1,755,624 201,076
Total current assets: 1,876,428 330,844
Creditors: amounts falling due within one year:   (780,692) (456,458)
Net current assets (liabilities): 1,095,736 (125,614)
Total assets less current liabilities: 3,848,513 1,208,612
Total net assets (liabilities): 3,848,513 1,208,612
Capital and reserves
Called up share capital: 53,794 41,000
Share premium account: 6,794,570 1,855,251
Profit and loss account: (2,999,851) (687,639)
Shareholders funds: 3,848,513 1,208,612

The notes form part of these financial statements

MAESTRO MEDIA LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2022
and signed on behalf of the board by:

Name: M Levine
Status: Director

The notes form part of these financial statements

MAESTRO MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAESTRO MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 7 months to 31 December 2020
Average number of employees during the period 10 3

MAESTRO MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 796,824
Additions 2,171,997
Transfers 652,465
At 31 December 2021 3,621,286
Amortisation
At 01 January 2021 38,187
Charge for year 790,223
Other adjustments 83,493
At 31 December 2021 911,903
Net book value
At 31 December 2021 2,709,383
At 31 December 2020 758,637

Intangible fixed assets consist of capitalised content production costs, capitalised talent advances (net of recoupment), and capitalised platform build and IP costs. These are all included at cost less accumulated amortisation and impairment.

MAESTRO MEDIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 662,197
Additions 51,966
Transfers (652,465)
At 31 December 2021 61,698
Depreciation
At 01 January 2021 86,608
Charge for year 15,189
Other adjustments (83,493)
At 31 December 2021 18,304
Net book value
At 31 December 2021 43,394
At 31 December 2020 575,589