Registration number:
for the Year Ended
Classical TV Limited
Contents
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Classical TV Limited
(Registration number: 06437237)
Abbreviated Balance Sheet at 31 December 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
- |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
1
Classical TV Limited
(Registration number: 06437237)
Abbreviated Balance Sheet at 31 December 2014
......... continued
Approved by the Board on
.........................................
D A Nelson
Director
2
Classical TV Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
At the year end, the company had net liabilities of £2,641,227 (2013: £2,171,383). The directors of the company have prepared the accounts on a going concern basis after assessing a number of factors including a potential new investor, agreements with the creditors of the company for a phased payment plan and the relaunch of the services provided on the website. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.
Turnover
Amortisation
Amortisation of programme rights is provided on a straight line basis over the life of the programmes.
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Office equipment |
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Fixed asset investments
Deferred tax
Classical TV Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Foreign currency
Financial instruments
Programme distribution advances
Fixed assets |
Intangible assets
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Tangible assets
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Investments
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Total
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Cost |
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At 1 January 2014 |
1,899,914 |
26,869 |
204,652 |
2,131,435 |
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Reclassification |
- |
- |
(204,551) |
(204,551) |
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Intergroup transfer |
(1,899,914) |
- |
- |
(1,899,914) |
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At 31 December 2014 |
- |
26,869 |
101 |
26,970 |
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Depreciation |
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At 1 January 2014 |
1,899,914 |
26,754 |
- |
1,926,668 |
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Charge for the year |
- |
115 |
- |
115 |
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Intergroup transfer |
(1,735,274) |
- |
- |
(1,735,274) |
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Reversal of impairment |
(164,640) |
- |
- |
(164,640) |
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At 31 December 2014 |
- |
26,869 |
- |
26,869 |
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Net book value |
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At 31 December 2014 |
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- |
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At 31 December 2013 |
- |
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Classical TV Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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England and Wales |
Ordinary |
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England and Wales |
Ordinary |
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The profit for the financial period of Digital Classics Distribution Limited was £119,785 and the aggregate amount of capital and reserves at the end of the period was (£338,464).
The profit for the financial period of Cirrus Media Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £1.
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
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2013
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Amounts falling due after more than one year |
741,972 |
711,972 |
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Control |
At the current and preceding year ends the company was under the control of D A Nelson by virtue of his majority shareholding of the issued share capital.