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Registration number: 04880694

Brighton & Hove Radio Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

image-name
 

Brighton & Hove Radio Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Brighton & Hove Radio Limited

Company Information

Director

Mr Daniel Nathan

Registered office

11 Old Steine
Brighton
East Sussex
BN1 1EJ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Brighton & Hove Radio Limited

(Registration number: 04880694)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

361

481

Current assets

 

Debtors

5

95,601

91,008

Cash at bank and in hand

 

1,290

2,036

 

96,891

93,044

Creditors: Amounts falling due within one year

6

(17,425)

(21,171)

Net current assets

 

79,466

71,873

Net assets

 

79,827

72,354

Capital and reserves

 

Called up share capital

7

600,000

600,000

Share premium reserve

8,000

8,000

Profit and loss account

(528,173)

(535,646)

Shareholders' funds

 

79,827

72,354

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 February 2024
 

.........................................
Mr Daniel Nathan
Director

 

Brighton & Hove Radio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Old Steine
Brighton
East Sussex
BN1 1EJ

These financial statements were authorised for issue by the director on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Departure from requirements of FRS 102

FRS 102 requires the full provision of for deferred tax assets in relation to unutilised corporation tax losses. No such provision has been made as it is not probable that these will be utilised in the foreseeable future.

Going concern

The financial statements have been prepared on a going concern basis.

 

Brighton & Hove Radio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% - straight line

Computer equipment

33% - straight line

Amortisation

Asset class

Amortisation method and rate

Goodwill

evenly over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Brighton & Hove Radio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Brighton & Hove Radio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

175,117

175,117

At 30 September 2023

175,117

175,117

Depreciation

At 1 October 2022

174,636

174,636

Charge for the year

120

120

At 30 September 2023

174,756

174,756

Carrying amount

At 30 September 2023

361

361

At 30 September 2022

481

481

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,891

2,039

Amounts owed by related parties

8

79,301

77,500

Prepayments

 

14,409

11,427

Other debtors

 

-

42

   

95,601

91,008

 

Brighton & Hove Radio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,000

8,299

Taxation and social security

1,434

182

Accruals and deferred income

4,353

3,975

Other creditors

8,638

8,715

17,425

21,171

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

600,000

600,000

600,000

600,000

         
 

Brighton & Hove Radio Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

8

Related party transactions

Loans to related parties

2023

Parent
£

Total
£

At start of period

77,500

77,500

Advanced

1,801

1,801

At end of period

79,301

79,301

2022

Parent
£

Total
£

At start of period

74,000

74,000

Advanced

3,500

3,500

At end of period

77,500

77,500

9

Parent and ultimate parent undertaking

The company's immediate parent is Opendab Brighton & Hove C.I.C, incorporated in England and Wales.