MediaWR Limited 31/12/2020 iXBRL

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Company registration number: 12348024

MediaWR Limited

Unaudited filleted financial statements

31 December 2020

MediaWR Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

MediaWR Limited

Directors and other information


Director	Mr W Baker	(Appointed 4 December 2019)


Secretary	Mr W Baker


Company number	12348024


Registered office	15b Ridge Road
	London
	N8 9LE

MediaWR Limited

Statement of financial position

31 December 2020

		31/12/20
	Note	£	£

Current assets
Debtors	5	20,860
Cash at bank and in hand		84,402
		_______
		105,262
Creditors: amounts falling due
within one year	6	( 37,029)
		_______
Net current assets			68,233
			_______
Total assets less current liabilities			68,233

			_______
Net assets			68,233
			_______

Capital and reserves
Called up share capital			100
Profit and loss account			68,133
			_______
Shareholders funds			68,233
			_______

For the period ending 31 December 2020 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 period 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 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 August 2021 , and are signed on behalf of the board by:

Mr W Baker

Director

Company registration number: 12348024

MediaWR Limited

Statement of changes in equity

Period ended 31 December 2020

	Called up share capital	Profit and loss account	Total
	£	£	£


At 4 December 2019	-	-	-

Profit for the period		142,834	142,834
	_______	_______	_______
Total comprehensive income for the period	-	142,834	142,834

Issue of shares	100		100
Dividends paid and payable		( 74,701)	( 74,701)
	_______	_______	_______
Total investments by and distributions to owners	100	( 74,701)	( 74,601)

	_______	_______	_______
At 31 December 2020	100	68,133	68,233
	_______	_______	_______

MediaWR Limited

Notes to the financial statements

Period ended 31 December 2020

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 15b Ridge Road, London, N8 9LE.

The company was incorporated on 4 December 2019.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1

5. Debtors

			31/12/20
			£
	Trade debtors		20,760
	Other debtors		100
			_______
			20,860
			_______

6. Creditors: amounts falling due within one year

			31/12/20
			£
	Corporation tax		33,504
	Social security and other taxes		2,325
	Other creditors		1,200
			_______
			37,029
			_______