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REGISTERED NUMBER: 07609224 (England and Wales)













STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TINDLE CI BROADCASTING LIMITED

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


TINDLE CI BROADCASTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D Cammiade
Mr O C Tindle





SECRETARY: Mr D Cammiade





REGISTERED OFFICE: The Old Court House
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 07609224 (England and Wales)





AUDITORS: Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their strategic report for the year ended 31 March 2023.

SECTION 172(1) STATEMENT- CORPORATE GOVERNANCE
The Board of Directors believe that they have acted in the way they consider to be both in good faith and would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the Act) in the decisions taken during the year ended 31 March 2022; and in so having regard, amongst other matters to;

(a) the likely consequences of any decision in the long term,
(b) the interests of the company's employees
(c) the need to foster the company's business relationships with suppliers, customers, regulatory authorities and others,
(d) the impact of the company's operations on the community and the environment,
(e) the desirability of the company maintaining a reputation for high standards of business conduct, and
(f) the need to act fairly as between members of the company.

The Board understands the importance of engaging with all its stakeholders and regularly discusses issues concerning employees, customers, suppliers, community and environment, regulators and shareholders which inform its decision making processes.

Inherently, there is an inter-dependency on the success of the company and the success of its stakeholders.

Employees
Our employees remain fundamental to the achievement of our business plan; we aim to be a responsible employer in our approach to pay and benefits.

Customers
We continue to engage closely with our customers. Our aim is ensure that our customers' needs are met and in particular our offerings meet their standards and specifications.

Suppliers
We value the supplier base as partners; our aim is to develop and enter into strong stable working relationships with them. We seek to be fair and transparent in our dealings with suppliers and we ensure that we honour our arrangements with them.

Environment and community
The Board takes sustainability and environmental responsibility very seriously. The company encourages diversity and inclusion of employees of all backgrounds.

Governance and regulation
The Board's intention is to behave responsibly and to ensure that the management team operates the business in a responsible manner, acting with the high standards of business conduct and good governance expected of a business of our nature and size and in full alignment with the rules and regulations. In doing so, we believe we will achieve our long-term business strategy together with further developing our reputation in our sector.

Members
The Board has a close working relationship with the shareholders and seeks to treat them fairly and equally, in order that they too benefit from the company achieving its long term business strategy.

The Board seeks to provide information relevant to the shareholders, including regular operational and financial information to illustrate the performance and position of the company.


TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023

FAIR REVIEW OF THE BUSINESS
The company's aim is to maintain its position as a market-leading independent local radio broadcaster and to ensure that it is well placed to meet the current and future challenges in the sector.

The principal challenges facing the company arise from the lifestyle changes impacting radio broadcasting revenue and the subsequent pressure this places on its subsidiary companies, from which the company derives its income.

The assets of the company are investments in quality local radio stations broadcasting in the Channel Islands and the Republic of Ireland. During the year the company completed the acquisition of Bailiwick Broadcasting Limited, the company that operates the Channel Islands DAB multiplex under licence from Ofcom and took a minority interest in Panda Podcasts Limited, a startup platform for discovering, consuming and promoting podcasts through an audio first experience using the format of radio.

The Directors continue to closely monitor the commercial impact of the wider local broadcasting sector and the implications for the UK, Channel Islands and Ireland economies from high inflation, increasing interest rates and the sharp squeeze on consumers' disposable incomes. We remain confident in the subsidiary companies ability to adapt to these challenges.

The company maintains significant financial flexibility and has access to further financial support from the parent company. This financial support, if needed, would mitigate the impact of adverse trading conditions and ensure that the company remains solvent and able to trade as a going concern.

The Tindle family remain committed to the values and culture of the company and its objectives of remaining a truly independent local commercial broadcaster.

FINANCIAL INSTRUMENTS
The company's principal financial instruments are amounts receivable from customers, cash and bank balances and amounts payable to suppliers.

CREDIT AND CASHFLOW RISK
The company places its emphasis on good credit management in its mitigation of these risks. The company's credit risk is primarily attributable to its trade debtors. There is no significant concentration of credit risk with any one customer. The amounts presented in the balance sheet for trade debtors are net of appropriate allowances for doubtful debts.

INTEREST RATE RISK
The company does not have significant borrowings and does not consider there is significant exposure to interest rate risk.

LIQUIDITY RISK AND FOREIGN CURRENCY RISK
Due to the availability of cash on the balance sheet and strong operating cash flows, the company does not consider there is significant exposure to liquidity risk.

The company has overseas subsidiaries operating in the Channel Islands and Ireland. In structuring the ownership and funding of these subsidiaries the company has minimised its foreign currency fluctuation exposure. The company's exposure to foreign currency risk is not significant to warrant the use of other measures to control this risk.

ON BEHALF OF THE BOARD:





Mr D Cammiade - Director


19 November 2023

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a non-trading intermediate holding company responsible for the maintenance of the radio broadcast rights it holds.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mr D Cammiade
Mr O C Tindle

Other changes in directors holding office are as follows:

Ms W D Craig - resigned 28 February 2023
Mr A Fitzgerald - deceased 13 August 2022

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Watson Associates (Audit Services) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.


TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D Cammiade - Director


19 November 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TINDLE CI BROADCASTING LIMITED

Opinion
We have audited the financial statements of Tindle CI Broadcasting Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TINDLE CI BROADCASTING LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TINDLE CI BROADCASTING LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Group and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and we considered the extent to which non-compliance might have a material effect on the financial statements.

We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to achieve desired financial results and the manipulation of exceptional items and management bias in accounting estimates.

Audit procedures performed by the engagement team included:
- enquiries with management, including consideration of known or suspected instances of fraud and non-compliance with laws and regulations and examining supporting calculations where a provision has been made in respect of these;
- reading key correspondence with regulatory authorities in relation to compliance with certain employment laws;
- understanding and evaluating the design and implementation of management's controls designed to prevent and detect irregularities;
- challenging assumptions and judgements made by management in their significant accounting estimates, in particular in relation to valuation of investment property, impairment of investments in subsidiaries and the measurement and classification of exceptional items;
- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations and postings by unusual users.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TINDLE CI BROADCASTING LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stephen James Moore (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Ltd
Statutory Auditor
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

20 November 2023

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER - -

Administrative expenses (54,046 ) -
OPERATING LOSS (54,046 ) -

Income from shares in group
undertakings

1,050,053

1,180,000
PROFIT BEFORE TAXATION 996,007 1,180,000

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR 996,007 1,180,000

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

996,007

1,180,000

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 7 6,922,771 4,933,083

CURRENT ASSETS
Debtors 8 13,976 -
Investments 9 199,990 -
Cash at bank 960,886 4,165,691
1,174,852 4,165,691
CREDITORS
Amounts falling due within one year 10 (4,128,521 ) (4,125,679 )
NET CURRENT (LIABILITIES)/ASSETS (2,953,669 ) 40,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,969,102

4,973,095

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 3,969,101 4,973,094
SHAREHOLDERS' FUNDS 3,969,102 4,973,095

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





Mr D Cammiade - Director


TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 April 2021 1 3,793,094 3,793,095

Changes in equity
Total comprehensive income - 1,180,000 1,180,000
Balance at 31 March 2022 1 4,973,094 4,973,095

Changes in equity
Dividends - (2,000,000 ) (2,000,000 )
Total comprehensive income - 996,007 996,007
Balance at 31 March 2023 1 3,969,101 3,969,102

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

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

1. STATUTORY INFORMATION

Tindle CI Broadcasting 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from bank and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at the amortised cost using the effective interest method

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is no intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

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

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.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 March 2023 nor for the year ended 31 March 2022.

5. DIVIDENDS
2023 2022
£    £   
Ordinary share of £1
Interim 2,000,000 -

6. EMPLOYEES AND DIRECTORS

The average number of persons (including directors) employed by the company during the year was 4 (2021-4)


All employees are directors and their remuneration is borne by another group undertaking.

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 4,933,083
Additions 1,989,688
At 31 March 2023 6,922,771
NET BOOK VALUE
At 31 March 2023 6,922,771
At 31 March 2022 4,933,083

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

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

7. FIXED ASSET INVESTMENTS - continued

Details of the company's subsidiaries at 31 March 2023 are as follows:



Location

Holding
Shares
held

Status / Activity


Channel Radio Limited

Channel Islands

Ordinary

100
Radio
broadcasting

Island FM Limited

Channel Islands

Ordinary

100
Radio
broadcasting
Midland Community Radio Services
Limited

Ireland

Ordinary

100
Radio
broadcasting

Bailiwick Broadcasting Limited

Channel Islands

Ordinary

100
DAB Multiplex
Operator

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,990 -
VAT 9,338 -
Prepayments 1,648 -
13,976 -

9. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 199,990 -

During the year the company acquired a 10% equity stake in Panda Podcasts Limited.

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,841 -
Amounts owed to group undertakings 4,125,680 4,125,679
4,128,521 4,125,679

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TINDLE CI BROADCASTING LIMITED (REGISTERED NUMBER: 07609224)

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

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the executors to the estate of Sir Ray Tindle, CBE, DL, FCIS being Simon K Pusey and Owen C Tindle.

The parent company is Tindle Press Holdings Limited, a company registered in England and Wales.

The ultimate controlling party of that company are the executors to the estate of Sir Ray Tindle. The executors, being Simon K Pusey and Owen C Tindle, are considered the ultimate beneficial owners of the 100% interest, direct and indirect, in the ordinary shares of that company until the shares are distributed to the beneficiaries of the estate.

Tindle Press Holdings Limited prepare group financial statements, copies of which can be obtained from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. Tindle Press Holdings Limited's registered office is The Old Court House, Union Road, Farnham, Surrey GU9 7PT