Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31Content productionfalse2021-02-124falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13199049 2021-02-11 13199049 2021-02-12 2021-12-31 13199049 2020-02-12 2021-02-11 13199049 2021-12-31 13199049 c:Director2 2021-02-12 2021-12-31 13199049 d:CurrentFinancialInstruments 2021-12-31 13199049 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13199049 d:ShareCapital 2021-12-31 13199049 d:RetainedEarningsAccumulatedLosses 2021-12-31 13199049 c:OrdinaryShareClass1 2021-02-12 2021-12-31 13199049 c:OrdinaryShareClass1 2021-12-31 13199049 c:FRS102 2021-02-12 2021-12-31 13199049 c:AuditExempt-NoAccountantsReport 2021-02-12 2021-12-31 13199049 c:FullAccounts 2021-02-12 2021-12-31 13199049 c:PrivateLimitedCompanyLtd 2021-02-12 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13199049













HTM (DI RAY) LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
HTM (DI RAY) LIMITED
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 
HTM (DI RAY) LIMITED
REGISTERED NUMBER:13199049

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,789,847

Cash at bank and in hand
  
597,590

  
6,387,437

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(6,342,889)

Net assets
  
44,548


Capital and reserves
  

Called up share capital 
 6 
1

Profit and loss account
  
44,547

  
44,548


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 16 June 2022.




A J Dugdale
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


HTM (DI RAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

1.


General information

HTM (DI Ray) Limited is a limited liability company registered in England and Wales. Its registered office address is at Unit 758, Jq Modern, 120 Vyse Street, Birmingham, England, B18 6NF. The company was incorporated on 12 February 2021 and commenced trading immediately.
The principal activity of the Company is that of creation of content for broadcast media.
The company changed its name from HTM (Token) Limited to the present one on 6 December 2021.
The Company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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:

 
2.2

Revenue

Turnover comprises income receivable in respect of Television production, exclusive of Value Added Tax.
Production turnover and gross profit are recognised over the period of the production, on a stage of completion and straight line basis respectively.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.6

Cash and cash equivalents

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.

Page 2

 
HTM (DI RAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Creditors

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and  related parties.


3.


Employees

The average monthly number of employees, including directors, during the Period was 4.


4.


Debtors

2021
£


Trade debtors
360

Other debtors
477,154

Prepayments and accrued income
4,231,136

Tax recoverable
1,081,197

5,789,847



5.


Creditors: Amounts falling due within one year

2021
£

Bank loans
5,754,600

Trade creditors
128,680

Amounts owed to group undertakings
215,724

Other taxation and social security
140,690

Other creditors
96,891

Accruals and deferred income
6,304

6,342,889


The bank facilities are secured by a fixed and floating charge against the assets of the company.

Page 3


HTM (DI RAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

6.


Share capital

2021
£
Allotted, called up and fully paid


1 Ordinary share of £1
1


On incoporation the company issued 1 Ordinary share of £1 to provide initial working capital.


7.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


8.


Controlling party

The ultimate parent company and controlling party is HTM Television Limited, a company registered in England and Wales.

 
Page 4