CONCORD FTV LIMITED

Company Registration Number:
08582599 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

CONCORD FTV LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

CONCORD FTV LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 115,550 146,005
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 115,550 146,005
Current assets
Stocks: 0 0
Debtors:   825,043 907,422
Cash at bank and in hand: 81,853 253,945
Investments:   0 0
Total current assets: 906,896 1,161,367
Creditors: amounts falling due within one year:   (1,778,828) (2,138,416)
Net current assets (liabilities): (871,932) (977,049)
Total assets less current liabilities: (756,382) (831,044)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (756,382) (831,044)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (756,482) (831,144)
Shareholders funds: (756,382) (831,044)

The notes form part of these financial statements

CONCORD FTV LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 September 2022
and signed on behalf of the board by:

Name: Kent Hoskins
Status: Director

The notes form part of these financial statements

CONCORD FTV LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CONCORD FTV LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

CONCORD FTV LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 304,549
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2021 304,549
Amortisation
At 01 January 2021 158,544
Charge for year 30,455
On disposals 0
Other adjustments 0
At 31 December 2021 188,999
Net book value
At 31 December 2021 115,550
At 31 December 2020 146,005

CONCORD FTV LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Related party transactions

Name of the related party: Concord Copyrights Ltd
Relationship:
Parent undertaking
Description of the Transaction: Drawdown on intercompany loan
£
Balance at 01 January 2021 400,000
Balance at 31 December 2021 900,000
Name of the related party: Concord Music Publishing LLC
Relationship:
Parent undertaking
Description of the Transaction: Balance on affiliate royalty receivable account
£
Balance at 01 January 2021 0
Balance at 31 December 2021 152,658
Name of the related party: Concord UK Group Services Ltd
Relationship:
Fellow subsidiary undertaking
Description of the Transaction: Outstanding balance on intercompany group service recharge
£
Balance at 01 January 2021 0
Balance at 31 December 2021 5,864