Registered number:
Unaudited
Information for filing with the registrar
For the Year Ended
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Harvest Media (UK) Limited
Company Information
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Harvest Media (UK) Limited
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Harvest Media (UK) Limited for the Year Ended 31 December 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harvest Media (UK) Limited for the year ended 31 December 2019 which comprise the Balance sheet
and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/
members/regulations-standards-and-guidance/
.
This report is made solely to the Board of directors of Harvest Media (UK) Limited, as a body, in accordance with the terms of our engagement letter dated
10 August 2020. Our work has been undertaken solely
to prepare for your approval the financial statements of Harvest Media (UK) Limited and state those matters that we have agreed to state to the Board of directors of Harvest Media (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harvest Media (UK) Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Harvest Media (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harvest Media (UK) Limited. You consider that Harvest Media (UK) Limited is exempt from the statutory audit requirement for the year.
Chartered Accountants
37 St Margaret's Street
Kent
CT1 2TU
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Harvest Media (UK) Limited
Registered number:
08136394
Balance sheet
As at
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 3 to 5 form part of these financial statements.
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Harvest Media (UK) Limited
Notes to the financial statements
For the Year Ended 31 December 2019
1.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. While the impact of the Covid-19 virus has been assessed by the directors, so far as is reasonably possible, due to its unprecedented impact on the wider economy it is difficult to evaluate with any certainty the potential outcomes on the company's trade, its customers and suppliers. However, taking into consideration the UK Government's response and the company's planning, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
Interest income is recognised in profit or loss using the effective interest method.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Harvest Media (UK) Limited
Notes to the financial statements
For the Year Ended 31 December 2019
1.
Accounting policies (continued)
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
The Company is a private company limited by shares which was incorporated in England and Wales.
The Company's Registered Office is Third Floor, 24 Chiswell Street, London. EC1Y 4YX. The financial statements are presented in pound Sterling, and have been rounded to the nearest pound.
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Harvest Media (UK) Limited
Notes to the financial statements
For the Year Ended 31 December 2019
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