ACCOUNTS - Final Accounts

WATLING MEDIA AND MARKETING LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-01-01 09308324 2017-01-01 2017-12-31 09308324 2016-01-01 2016-12-31 09308324 2017-12-31 09308324 2016-12-31 09308324 c:Director1 2017-01-01 2017-12-31 09308324 c:RegisteredOffice 2017-01-01 2017-12-31 09308324 d:CurrentFinancialInstruments 2017-12-31 09308324 d:CurrentFinancialInstruments 2016-12-31 09308324 d:Non-currentFinancialInstruments 2017-12-31 09308324 d:Non-currentFinancialInstruments 2016-12-31 09308324 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 09308324 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09308324 d:ShareCapital 2017-12-31 09308324 d:ShareCapital 2016-12-31 09308324 d:RetainedEarningsAccumulatedLosses 2017-12-31 09308324 d:RetainedEarningsAccumulatedLosses 2016-12-31 09308324 c:FRS102 2017-01-01 2017-12-31 09308324 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 09308324 c:FullAccounts 2017-01-01 2017-12-31 09308324 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09308324

WATLING MEDIA AND MARKETING LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

WATLING MEDIA AND MARKETING LIMITED

COMPANY INFORMATION

Director	M W Wright


Registered number	09308324


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

WATLING MEDIA AND MARKETING LIMITED

REGISTERED NUMBER: 09308324

BALANCE SHEET

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		870		870
			870		870
Current assets
Debtors: amounts falling due within one year	5	3,427,292		508,853
Cash at bank and in hand		16,368		641
		3,443,660		509,494
Creditors: amounts falling due within one year	6	(5,900)		(8,600)
Net current assets			3,437,760		500,894

Net assets			3,438,630		501,764

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		3,438,530	501,664
		3,438,630	501,764

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The 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 the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 September 2018.

M W Wright

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

WATLING MEDIA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

Watling Media and Marketing Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is 3rd Floor, 12 Gough Square, London EC4A 3DW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

2.7

Creditors

Short term creditors are measured at the transaction price.

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WATLING MEDIA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

2.Accounting policies (continued)

2.8

Foreign currency translation

Functional and presentation currency

The Company's functional currency is EUR. This differs from the presentational currency which is GBP. Exchange differences arising on the retranslation of closing net assets are recognised in other comprehensive income.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.10

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

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WATLING MEDIA AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Fixed asset investments

		Investment in subsidiary company
		£
	Cost or valuation
	At 1 January 2017	870
	At 31 December 2017	870

	Net book value
	At 31 December 2017	870
	At 31 December 2016	870

Debtors

					2017	2016
					£	£


Other debtors	3,427,292	508,853
	3,427,292	508,853

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Other creditors	5,900	8,600
	5,900	8,600

7.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

100 (2016 - 100) Ordinary shares of £1.00 each	100	100

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