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REGISTERED NUMBER: 02536181 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HELLENIC TELEVISION LIMITED

HELLENIC TELEVISION LIMITED (REGISTERED NUMBER: 02536181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HELLENIC TELEVISION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTOR: Ms I Stylianidou





SECRETARY: Ms I Stylianidou





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 02536181 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

HELLENIC TELEVISION LIMITED (REGISTERED NUMBER: 02536181)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14 19
Tangible assets 5 6,357 4,480
6,371 4,499

CURRENT ASSETS
Cash at bank 17,516 23,686

CREDITORS
Amounts falling due within one year 6 6,078 2,826
NET CURRENT ASSETS 11,438 20,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,809

25,359

CREDITORS
Amounts falling due after more than one
year

7

188,732

197,730
NET LIABILITIES (170,923 ) (172,371 )

CAPITAL AND RESERVES
Called up share capital 90,005 90,005
Retained earnings (260,928 ) (262,376 )
SHAREHOLDERS' FUNDS (170,923 ) (172,371 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HELLENIC TELEVISION LIMITED (REGISTERED NUMBER: 02536181)

BALANCE SHEET - continued
31 March 2023


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 4 October 2023 and were signed by:





Ms I Stylianidou - Director


HELLENIC TELEVISION LIMITED (REGISTERED NUMBER: 02536181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023

1. STATUTORY INFORMATION

HELLENIC 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 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets
Intangible assets comprise the cost of obtaining film rights less any amortisation charge. Amortisation is provided to write off the cost of such film rights over their expected useful lives using the following bases:

Film rights- 25% on reducing balance

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

HELLENIC TELEVISION LIMITED (REGISTERED NUMBER: 02536181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 105,310
AMORTISATION
At 1 April 2022 105,291
Amortisation for year 5
At 31 March 2023 105,296
NET BOOK VALUE
At 31 March 2023 14
At 31 March 2022 19

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 107,220 13,380 27,428 148,028
Additions - - 3,996 3,996
At 31 March 2023 107,220 13,380 31,424 152,024
DEPRECIATION
At 1 April 2022 106,143 13,361 24,044 143,548
Charge for year 269 5 1,845 2,119
At 31 March 2023 106,412 13,366 25,889 145,667
NET BOOK VALUE
At 31 March 2023 808 14 5,535 6,357
At 31 March 2022 1,077 19 3,384 4,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 2,828 1,826
Other creditors 3,250 1,000
6,078 2,826

HELLENIC TELEVISION LIMITED (REGISTERED NUMBER: 02536181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 188,732 197,730