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REGISTERED NUMBER: 11564557 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Turquoise Television Ltd

Turquoise Television Ltd (Registered number: 11564557)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Turquoise Television Ltd

Company Information
for the Year Ended 30 September 2021







DIRECTOR: M R Sigsworth





REGISTERED OFFICE: 3rd Floor
Waverley House 7-12 Noel Street
London
W1F 8GQ





REGISTERED NUMBER: 11564557 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Turquoise Television Ltd (Registered number: 11564557)

Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,019 5,083

CURRENT ASSETS
Stocks 5 107,728 84,772
Debtors 6 5,193 137
Cash in hand 50,327 84,142
163,248 169,051
CREDITORS
Amounts falling due within one year 7 204,064 212,944
NET CURRENT LIABILITIES (40,816 ) (43,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,797

)

(38,810

)

CREDITORS
Amounts falling due after more than
one year

8

39,074

-
NET LIABILITIES (76,871 ) (38,810 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (76,971 ) (38,910 )
(76,871 ) (38,810 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Turquoise Television Ltd (Registered number: 11564557)

Balance Sheet - continued
30 September 2021


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 director and authorised for issue on 1 July 2022 and were signed by:





M R Sigsworth - Director


Turquoise Television Ltd (Registered number: 11564557)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Turquoise Television Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents amounts receivable for the development of television projects and production activities net of VAT and trade discounts during the period. Revenue in respect of productions in progress is held as deferred income until the production is delivered. Upon delivery, it is recognised in the Income Statement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment, plant and machinery etc - 33% on cost

Work in progress
Work in progress relates to direct production costs incurred on productions in progress at the Balance sheet date. The costs are recorded at the lower of cost and net realisable value, and are net of Value Added Tax.

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.


Turquoise Television Ltd (Registered number: 11564557)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

2. ACCOUNTING POLICIES - continued
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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Going concern
During the period, the Company made a loss of £38,161 (2020 - £6,340) and at the year end the Company had net liabilities of £37,797 (2020 - £38,810). The director has reviewed cashflow forecasts and budgets and have determined that the Company has sufficient resources to continue its operations for at least 12 months from the date of approval of these financial statements. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

Turquoise Television Ltd (Registered number: 11564557)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2020
and 30 September 2021 1,623 6,631 8,254
DEPRECIATION
At 1 October 2020 90 3,081 3,171
Charge for year 406 1,658 2,064
At 30 September 2021 496 4,739 5,235
NET BOOK VALUE
At 30 September 2021 1,127 1,892 3,019
At 30 September 2020 1,533 3,550 5,083

5. STOCKS
30.9.21 30.9.20
£    £   
Work-in-progress 107,728 84,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Other debtors - 137
VAT 2,370 -
Prepayments and accrued income 2,823 -
5,193 137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Trade creditors 7,597 24,953
Social security and other taxes 3,514 -
VAT - 18,145
Other creditors 25,351 19,571
Accruals and deferred income 165,752 144,000
Accrued expenses 1,850 6,275
204,064 212,944

Turquoise Television Ltd (Registered number: 11564557)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.21 30.9.20
£    £   
Other creditors 39,074 -