NOEL_GAY_TELEVISION_LIMIT - Accounts

NOEL GAY TELEVISION LIMITED - Company Information

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Company Registration No. 02141016 (England and Wales)

NOEL GAY TELEVISION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

NOEL GAY TELEVISION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NOEL GAY TELEVISION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

Current assets

Debtors

90,454

58,744

Cash at bank and in hand

8,892

99,346

58,744

Creditors: amounts falling due within one year

(189,117)

(194,006)

Net current liabilities

(89,771)

(135,262)

Total assets less current liabilities

(89,720)

(135,211)

Capital and reserves

Called up share capital

100

Profit and loss account

(89,820)

(135,311)

Shareholders' funds

(89,720)

(135,211)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2016

Mr C Armitage

Director

Company Registration No. 02141016

NOEL GAY TELEVISION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which assumes the continuing financial support of both the directors and related companies.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of services provided net of Value Added Tax.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Straight line over three years

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

NOEL GAY TELEVISION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

7,072

7,123

Disposals

(7,072)

At 31 December 2015

Depreciation

At 1 January 2015

7,072

On disposals

(7,072)

At 31 December 2015

Net book value

At 31 December 2015

At 31 December 2014

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Grant Naylor Productions Limited

England

Ordinary

50.00

Pepper Productions Limited

England

Ordinary

50.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Grant Naylor Productions Limited

Television Producer

(45,813)

36,021

Pepper Productions Limited

Television Producer

(4,803)

(927)

Share capital

2015

2014

Allotted, called up and fully paid

100 'A' ordinary shares of £1 each

100