Heron Television Limited - Accounts to registrar (filleted) - small 18.2
Heron Television Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2020 |
| for |
| HERON TELEVISION LIMITED |
| HERON TELEVISION LIMITED (REGISTERED NUMBER: 08709737) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| HERON TELEVISION LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 Godalming Business Centre |
| Woolsack Way |
| Godalming |
| Surrey |
| GU7 1XW |
| HERON TELEVISION LIMITED (REGISTERED NUMBER: 08709737) |
| Balance Sheet |
| 31 MARCH 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| HERON TELEVISION LIMITED (REGISTERED NUMBER: 08709737) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| 1. | STATUTORY INFORMATION |
| Heron Television Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared in Sterling, which is the functional and presentational currency of the entity. |
| Going concern |
| The directors have considered and will continue to monitor the threat and implications of the COVID-19 pandemic, but it is too early to fully understand the impact that the virus will have on our business sector and the wider macro-economic environment. However, based on a review of the activities of the Company, the current working capital position and the ability to reduce certain costs in the short term, the members currently believe that this risk can be managed for the year ahead. The Company therefore continues to adopt the going concern basis in preparing its financial statements. |
| Turnover |
| Turnover comprises the company's revenue in respect of production services provided during the period |
| exclusive of Value Added Tax. Fees are recognised once the right to the income has been earned. |
| Turnover also includes interest income and arrangement fee income earned on loan finance provided during the period. Turnover is recognised in the period in which the interest and fees fall due in accordance with the loan agreement. |
| Stocks |
| Stock is stated at the lower of cost and net realisable value. Cost comprises expenditure in respect of the |
| development and production of television programmes or films. Net realisable value is the expected selling price or other cumulative income stream that is prudently anticipated from a programme after taking account of costs of completion and bringing it to market. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Fixed asset investments |
| Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other creditors |
| HERON TELEVISION LIMITED (REGISTERED NUMBER: 08709737) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1.00 | 1,800,001 | 1,800,001 |
| Details of the various share rights attached to each type of share capital is included in the Articles of Association. |
| 8. | OTHER FINANCIAL COMMITMENTS |
| As at the reporting date, the company had no financial or other commitments or contracts for capital expenditure in place (2019: £nil). |
| 9. | RELATED PARTY DISCLOSURES |
| No transactions were undertaken with related parties as such that are required to be disclosed under FRS 102. |