Chalk Hill Media Ltd - Period Ending 2018-12-31

Registration number: 07092478

Chalk Hill Media Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2018

Chalk Hill Media Ltd

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Chalk Hill Media Ltd

Registration number: 07092478

Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	144	377
Current assets
Debtors	5	23,080	26,764
Cash at bank and in hand		332,712	279,427
		355,792	306,191
Creditors: Amounts falling due within one year	6	(33,423)	(29,205)
Net current assets		322,369	276,986
Total assets less current liabilities		322,513	277,363
Provisions for liabilities		(27)	(72)
Net assets		322,486	277,291
Capital and reserves
Called up share capital		200	200
Profit and loss account		322,286	277,091
Total equity		322,486	277,291

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 1

Chalk Hill Media Ltd

Registration number: 07092478

Balance Sheet as at 31 December 2018 (continued)

For the financial year ending 31 December 2018 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 August 2019
 

 

R M Shepherd

Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Chalk Hill Media Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
11 Chalk Hill Road
Norwich
Norfolk
NR1 1SL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 3

Chalk Hill Media Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	33% straight line

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2017 - 1).

Page 4

Chalk Hill Media Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2018	3,281	3,281
At 31 December 2018	3,281	3,281
Depreciation
At 1 January 2018	2,904	2,904
Charge for the year	233	233
At 31 December 2018	3,137	3,137
Carrying amount
At 31 December 2018	144	144
At 31 December 2017	377	377

5

Debtors

	2018 £	2017 £
Trade debtors	20,974	24,724
Other debtors	2,106	2,040
Total current trade and other debtors	23,080	26,764

Page 5

Chalk Hill Media Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Director's loan account		-	418
Other creditors		1,325	1,304
Social security and other taxes		32,098	27,483
		33,423	29,205

7	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary £1 of £1 each	200	200	200	200

Page 6