Company Registration No. 02141016 (England and Wales)
NOEL GAY TELEVISION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
NOEL GAY TELEVISION LIMITED
COMPANY INFORMATION
Director
L Armitage
Secretary
L Armitage
Company number
02141016
Registered office
19 Portland Place
London
W1B 1PX
Accountants
OJK Limited
19 Portland Place
London
W1B 1PX
NOEL GAY TELEVISION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NOEL GAY TELEVISION LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
3
51
51
Current assets
Debtors
4
64,390
90,454
Cash at bank and in hand
16,975
8,892
81,365
99,346
Creditors: amounts falling due within one year
5
(101,789)
(189,117)
Net current liabilities
(20,424)
(89,771)
Total assets less current liabilities
(20,373)
(89,720)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(20,473)
(89,820)
Total equity
(20,373)
(89,720)
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 7 September 2017 and are signed on its behalf by:
L Armitage
Director
Company Registration No. 02141016
NOEL GAY TELEVISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Noel Gay Television Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
19 Portland Place, London, W1B 1PX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Going concern
The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the director and related companies.
1.3
Turnover
Turnover represents amounts receivable in respect of services provided net of Value Added Tax.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.6
Financial instruments
The company
only
has
basic financial instruments.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method
.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction
.
NOEL GAY TELEVISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
1
Accounting policies
(Continued)
- 3 -
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3 (2015 - 3).
3
Fixed asset investments
2016
2015
£
£
Investments
51
51
4
Debtors
2016
2015
Amounts falling due within one year:
£
£
Trade debtors
8,921
-
Amounts due from group undertakings and undertakings in which the company has a participating interest
38,667
40,882
Other debtors
16,802
49,572
64,390
90,454
NOEL GAY TELEVISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 4 -
5
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
174
7,096
Other taxation and social security
1,094
-
Other creditors
100,521
182,021
101,789
189,117
6
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
100 'A' ordinary shares of £1 each
100
100
100
100