Siskin Media Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10634005 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

SISKIN MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G W A Truter

K J Yau

SECRETARY:

L K Macara

REGISTERED OFFICE:

First Floor

85 Great Portland Street

London

W1W 7LT

REGISTERED NUMBER:

10634005 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

5 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

FIXED ASSETS

Investments

4

2

3

CURRENT ASSETS

Debtors

5

4,121,574

2,589,279

Cash at bank

602,338

2,224,237

4,723,912

4,813,516

CREDITORS

Amounts falling due within one year

6

3,256

7,689

NET CURRENT ASSETS

4,720,656

4,805,827

TOTAL ASSETS LESS CURRENT LIABILITIES

4,720,658

4,805,830

CAPITAL AND RESERVES

Called up share capital

7

498,027

Share premium

4,495,849

Retained earnings

(273,218

)

(188,046

)

SHAREHOLDERS' FUNDS

4,720,658

4,805,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 20 October 2021 and were signed on its behalf by:

K J Yau - Director

1.	STATUTORY INFORMATION

Siskin Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in Sterling, which is the functional and presentational currency of the entity.

Going concern

The directors have reviewed the forecasts for the company and have a reasonable expectation that the company has adequate resources to continue as a going concern for the foreseeable future, being at least twelve months from the date these financial statements have been approved.

The directors have considered and will continue to monitor the threat and implications of the COVID-19 pandemic and the impact that the virus has had on our business sector and the wider macro-economic environment. 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 directors 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 and exploitation of television programmes or films during the period exclusive of Value Added Tax. Fees are recognised once the right to the income has been earned.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. In the current year grant accounting has only been applied to the Job Retention Scheme launched as part of HM Government's response to the COVID-19 pandemic. Government grants have been included within Other Operating Income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

3

Disposals

(1

)

At 31 March 2021

2

NET BOOK VALUE

At 31 March 2021

2

At 31 March 2020

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other debtors

4,121,574

2,589,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Trade creditors

-

108

Other creditors

3,256

7,581

3,256

7,689

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

4,980,263

A Ordinary Shares

£0.10

498,026

10

B Ordinary Shares

£0.10

1

498,027

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 (2020: £nil).

9.	RELATED PARTY DISCLOSURES

No transactions were undertaken with related parties as such that are required to be disclosed under FRS 102.

Siskin Media Limited - Accounts to registrar (filleted) - small 18.2

Siskin Media Limited - Accounts to registrar (filleted) - small 18.2