|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2016 |
|
for |
|
Mediatum Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2016 |
|
for |
|
Mediatum Limited |
Mediatum Limited (Registered number: 09534972) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 31 December 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
Mediatum Limited |
|
Company Information |
for the year ended 31 December 2016 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
and Reporting Accountants |
2nd Floor |
Hygeia House |
66 College Road |
Harrow |
Middlesex |
HA1 1BE |
Mediatum Limited (Registered number: 09534972) |
|
Statement of Financial Position |
31 December 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
The director acknowledges her 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. |
|
|
|
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
|
|
|
|
|
|
|
|
Mediatum Limited (Registered number: 09534972) |
|
Notes to the Financial Statements |
for the year ended 31 December 2016 |
|
1. | STATUTORY INFORMATION |
|
Mediatum Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
This is the first year in which the financial statements have been prepared under FRS102 A. |
|
Turnover |
Turnover is measured at the fair value of consideration received or receivable from sale of services, excluding |
value added tax. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
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 have been enacted or |
substantively enacted by the statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Mediatum Limited (Registered number: 09534972) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
|
2. | ACCOUNTING POLICIES - continued |
|
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
|
Going concern |
The financial statements have been prepared on a going concern basis which is dependent upon the continued |
support of the group company's in providing the necessary financial facilities to enable the company to continue |
in operation for the foreseeable future. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
|
|
|
Additions |
|
|
|
At 31 December 2016 |
|
|
|
DEPRECIATION |
At 1 January 2016 |
|
|
|
Charge for year |
|
|
|
At 31 December 2016 |
|
|
|
NET BOOK VALUE |
At 31 December 2016 |
|
|
|
At 31 December 2015 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
Mediatum Limited (Registered number: 09534972) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
|
7. | RELATED PARTY DISCLOSURES |
|
At the balance sheet date the director, Ms S Ben Messaoud, had a balance owing to her on her expense account |
of £58 (2015: £283). This represents an interest free loan to the company and is included in other creditors. |
|
At the balance sheet date the company owed £234,019 (2015: £240,551) to Mediatum Austria GmbH. This |
represents an interest free loan from the company and is included in 'Amounts owed to group undertakings'. |
|
At the balance sheet date the company was owed £11,587 (2015: £239,705) by Mediatum International GmbH. |
This represents an interest free loan to the company and is included in 'Amounts owed by group undertakings'. |
|
At the balance sheet date the company owed £7,482 (2015: £10,233) to Mediatum Holding AG. This represents |
an interest free loan from the company and is included in 'Amounts owed to group undertakings'. |
|
8. | ULTIMATE CONTROLLING PARTY |
|
Mediatum International GmbH is the immediate parent company by virtue of its 100% ownership of the issued |
share capital in Mediatum Limited. The ultimate controlling party is Mediatum Holding AG, a company |
registered in Germany. |