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COMPANY REGISTRATION NUMBER: 09318802
Legendary Television Distribution UK Ltd
Financial Statements
31 December 2023
Legendary Television Distribution UK Ltd
Financial Statements
Year ended 31 December 2023
Contents
Pages
Officers and professional advisers
1
Independent auditor's report to the members
2 to 5
Income statement
6
Statement of financial position and the notes to the financial statements
7
Legendary Television Distribution UK Ltd
Officers and Professional Advisers
The board of directors
Company Legendary Television Distribution LLC
Mr R E Hohauser
Registered office
29 Battlers Green Drive
Radlett
England
United Kingdom
WD7 8NE
Auditor
Wyatts
Chartered Accountants & statutory auditor
York House
1 Seagrave Road
London
SW6 1RP
Legendary Television Distribution UK Ltd
Independent Auditor's Report to the Members of Legendary Television Distribution UK Ltd
Year ended 31 December 2023
Opinion
We have audited the financial statements of Legendary Television Distribution UK Ltd (the 'company') for the year ended 31 December 2023 which comprise the income statement, statement of financial position and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard (FRS) 105 The Financial Reporting Standard applicable to the Micro-entities Regime (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, specifically FRS 105; - have been prepared in accordance with the requirements of the Companies Act 2006 as applied to micro-entities. Therefore under section 495(3A) of the Companies Act 2006, in our opinion the financial statements give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended.
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 auditor's 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.
Other matter - application of true and fair view
The financial statements have been prepared under the micro-entities regime which does not require the directors or the auditor to consider the inclusion of any disclosures necessary to give a true and fair view where these go beyond the minimum disclosures required by the Companies Act 2006 as applied to micro-entities.
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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which 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 prepare the financial statements in accordance with the micro-entities regime and take advantage of the micro-entities' exemptions from the requirements to prepare a directors' report and strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, 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 is 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.
Auditor's 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 an auditor’s report 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. 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: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: We obtained an understanding of the legal and regulatory frameworks applicable to the company and sector in which it operates. We determined that the following laws and regulations were most significant: FRS 102, companies Act 2006, UK Corporate governance code and taxation laws. We understood how the company is complying with those legal and regulatory frameworks by, making inquiries to the management, those responsible for legal and compliance procedures and the company director. We corroborated our inquiries through our review of the board minutes and paper provided to the audit Committee. We identified whether there is culture of honesty and ethical behaviour and whether there is a strong emphasis of prevention and deterrence of fraud. We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed included: a) Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; b) Understanding how those charged with governance considered and addressed the potential override of controls or other inappropriate influence over the financial reporting process; c) Assessing matters reported through the company's whistleblowing programme and the results of management's investigation of such matters; d) Identifying and testing journal entries, in particular any journal entries posted with unusual combinations; and e) Assessing the extent of compliance with the relevant laws and regulations as part of our procedures on the related financial statement items. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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 as applied to micro-entities. 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 an auditor's report 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.
K M Wyatt
(Senior Statutory Auditor)
For and on behalf of
Wyatts
Chartered Accountants & statutory auditor
York House
1 Seagrave Road
London
SW6 1RP
14 June 2024
Legendary Television Distribution UK Ltd
Income Statement
Year ended 31 December 2023
2023
2022
£
£
Turnover
209,403
778,483
Staff costs
154,026
609,446
Other charges
45,405
131,967
---------
---------
Profit
9,972
37,070
---------
---------
Legendary Television Distribution UK Ltd
Statement of Financial Position
31 December 2023
2023
2022
£
£
Current assets
665,044
242,749
Creditors: amounts falling due within one year
441,284
18,763
---------
---------
Net current assets
223,760
223,986
---------
---------
Total assets less current liabilities
223,760
223,986
Accruals and deferred income
5,000
15,198
---------
---------
218,760
208,788
---------
---------
Capital and reserves
218,760
208,788
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 14 June 2024 , and are signed on behalf of the board by:
Mr R E Hohauser
Director
Company registration number: 09318802
The company is a private company limited by shares, registered in England and Wales.