Unit 3 Media Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC526989 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Unit 3 Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Middleton

SECRETARY:

REGISTERED OFFICE:

Farragon

Petersmuir Road

East Saltoun

Tranent

East Lothian

EH34 5EB

REGISTERED NUMBER:

SC526989 (Scotland)

FIXED ASSETS

Investments

4

641,350

691,350

CURRENT ASSETS

Debtors

5

18,452

15,276

Cash at bank

61

105

18,513

15,381

CREDITORS

Amounts falling due within one year

6

(4,158

)

(3,470

)

NET CURRENT ASSETS

14,355

11,911

TOTAL ASSETS LESS CURRENT LIABILITIES

655,705

703,261

CREDITORS

Amounts falling due after more than one year

7

(641,350

)

(691,350

)

NET ASSETS

14,355

11,911

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

14,354

11,910

SHAREHOLDERS' FUNDS

14,355

11,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 May 2018 and were signed by:

G Middleton - Director

1.	STATUTORY INFORMATION

Unit 3 Media Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 0 ) .

4.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 March 2017

691,350

Repayment in year

(50,000

)

At 28 February 2018

641,350

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

-

1,800

Other debtors

18,452

13,476

18,452

15,276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

3,263

-

Taxation and social security

557

3,128

Other creditors

338

342

4,158

3,470

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

28.2.17

£

£

Other creditors

641,350

691,350