Company Registration No. 02141016 (England and Wales)
NOEL GAY TELEVISION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
NOEL GAY TELEVISION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NOEL GAY TELEVISION LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Investments
3
50
51
Current assets
Debtors
4
49,739
64,390
Cash at bank and in hand
139,320
16,975
189,059
81,365
Creditors: amounts falling due within one year
5
(99,259)
(101,789)
Net current assets/(liabilities)
89,800
(20,424)
Total assets less current liabilities
89,850
(20,373)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
89,750
(20,473)
Total equity
89,850
(20,373)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 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 25 September 2018 and are signed on its behalf by:
Ms L Armitage
Director
Company Registration No. 02141016
NOEL GAY TELEVISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 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
180 Great Portland Street, London, W1W 5QZ.
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.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable in respect of
television production
services provided net of Value Added Tax.
1.3
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.
1.4
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
.
1.5
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.
NOEL GAY TELEVISION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 3).
3
Fixed asset investments
2017
2016
£
£
Investments
50
51
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
-
8,921
Amounts owed by group undertakings and undertakings in which the company has a participating interest
40,000
38,667
Other debtors
9,739
16,802
49,739
64,390
5
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
-
174
Other taxation and social security
1,210
1,094
Other creditors
98,049
100,521
99,259
101,789
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 'A' ordinary shares of £1 each
100
100
100
100