Heron Television Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08709737 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

HERON TELEVISION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J E T Reeve

J E Heron

R W Heron

REGISTERED OFFICE:

3rd Floor

14 Floral Street

London

WC2E 9DH

REGISTERED NUMBER:

08709737 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

5 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

FIXED ASSETS

Investments

3

2

2

CURRENT ASSETS

Stocks

896,064

967,277

Debtors

4

677,978

282,652

Cash at bank

244,564

640,881

1,818,606

1,890,810

CREDITORS

Amounts falling due within one year

5

122,381

124,562

NET CURRENT ASSETS

1,696,225

1,766,248

TOTAL ASSETS LESS CURRENT LIABILITIES

1,696,227

1,766,250

CAPITAL AND RESERVES

Called up share capital

6

1,800,001

1,800,001

Retained earnings

(103,774

)

(33,751

)

SHAREHOLDERS' FUNDS

1,696,227

1,766,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 December 2018 and were signed on its behalf by:

J E T Reeve - Director

1.	STATUTORY INFORMATION

Heron Television 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Investments in subsidiaries

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

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

2

NET BOOK VALUE

At 31 March 2018

2

At 31 March 2017

2

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

5,919

262

Other debtors

672,059

282,390

677,978

282,652

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

1

Taxation and social security

-

62

Other creditors

122,381

124,499

122,381

124,562

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,800,001

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.

7.	OTHER FINANCIAL COMMITMENTS

As at the reporting date, the company had no financial or other commitments or contracts for capital expenditure

in place (2017: £nil).

8.	RELATED PARTY DISCLOSURES

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