Company registration number 13692649 (England and Wales)
OTTOLENGHI TV LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
OTTOLENGHI TV LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
4 - 5
OTTOLENGHI TV LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 MARCH 2023
- 1 -

The directors present their annual report and financial statements for the period ended 31 March 2023.

Principal activities

The principal activity of the company is that of television programme production activities.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Mr Y Ottolenghi
(Appointed 20 October 2021)
Mr K J Ottolenghi Allen
(Appointed 28 March 2023)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr Y Ottolenghi
Director
17 November 2023
OTTOLENGHI TV LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 2 -
2023
Notes
£
£
Current assets
Debtors
3
36,410
Cash at bank and in hand
295,496
331,906
Creditors: amounts falling due within one year
4
(94,688)
Net current assets
237,218
Capital and reserves
Called up share capital
200
Profit and loss reserves
237,018
Total equity
237,218

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 November 2023 and are signed on its behalf by:
Mr Y Ottolenghi
Director
Company Registration No. 13692649
OTTOLENGHI TV LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 20 October 2021
-
0
-
0
-
Period ended 31 March 2023:
Profit and total comprehensive income for the period
-
237,018
237,018
Issue of share capital
200
-
200
Balance at 31 March 2023
200
237,018
237,218
OTTOLENGHI TV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 4 -
1
Accounting policies
Company information

Ottolenghi TV Limited is a private company limited by shares incorporated in England and Wales. The registered office is Finsgate, 5-7 Cranwood Street, London, United Kingdom, EC1V 9EE Finsgate, 5-7 Cranwood Street, London, EC1V 9EE.

1.1
Reporting period

An entity shall present a complete set of financial statements at least annually. As the annual financial statements are presented for a period longer than one year, the reason for using a longer period is to make the first iteration of financial statements for this entity match the end of the month; and due to there being no prior year's financial statements, there are no comparative financial statements included.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

 

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

OTTOLENGHI TV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
2
3
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
36,210
Other debtors
200
36,410
4
Creditors: amounts falling due within one year
2023
£
Corporation tax
55,597
Other taxation and social security
36,592
Other creditors
2,499
94,688
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