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REGISTERED NUMBER: 08598549 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Golden Dreams Media And Communications
(UK) Company Limited

Golden Dreams Media And Communications
(UK) Company Limited (Registered number: 08598549)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Golden Dreams Media And Communications
(UK) Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Y Qiu





REGISTERED OFFICE: 3rd Floor
9 St. Clare Street
London
EC3N 1LQ





REGISTERED NUMBER: 08598549 (England and Wales)





AUDITORS: Shinewing Wilson Accountancy Limited
Chartered Certified Accountants
and Statutory Auditors
9 St Clare Street
London
EC3N 1LQ

Golden Dreams Media And Communications
(UK) Company Limited (Registered number: 08598549)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors: amounts falling due within one year 4 16,187 107,393
Cash at bank 1,708,347 1,770,037
1,724,534 1,877,430
CREDITORS
Amounts falling due within one year 5 2,123,264 2,196,084
NET CURRENT LIABILITIES (398,730 ) (318,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(398,730

)

(318,654

)

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 6 21,978 21,978
Retained earnings 6 (420,709 ) (340,633 )
(398,730 ) (318,654 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Y Qiu - Director


Golden Dreams Media And Communications
(UK) Company Limited (Registered number: 08598549)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Golden Dreams Media And Communications (UK) Company 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.

Going concern
During the company incurred a loss before tax of £80,076 and had net current liabilities and net liabilities of £398,730 as at the balance sheet date. The company's immediate parent company, Jiangsu Broadcasting Corporation International Co., Ltd. has confirmed that their financial support will remain available for at least 12 months from the date of signing these financial statements. Based on this, the director has concluded that the company has adequate resources to continue in its operational existence. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Production revenue is recognised on delivery of the related programme.

Golden Dreams Media And Communications
(UK) Company Limited (Registered number: 08598549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, and loans from group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Share capital
Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset.

The company's ordinary shares are classified as equity instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.


Golden Dreams Media And Communications
(UK) Company Limited (Registered number: 08598549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 16,187 107,393

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 480 300
Amounts owed to group undertakings 2,096,101 2,151,787
Taxation and social security 262 4,321
Other creditors 26,421 39,676
2,123,264 2,196,084

Amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

6. RESERVES

The company's other reserves represent capital contributions gifted by owners of the entity which increase the entity's equity without any obligation for the entity to make repayment or to do anything in consideration for receiving it. The contributions received in the year from the immediate parent company are recognised directly in equity at fair value being the amount of cash received.

Golden Dreams Media And Communications
(UK) Company Limited (Registered number: 08598549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nijendra Dhungana (Senior Statutory Auditor)
for and on behalf of Shinewing Wilson Accountancy Limited

8. 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.

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Jiangsu Broadcasting Corporation International Co., Ltd., a company incorporated in People's Republic of China.

The ultimate parent is Jiangsu Broadcasting & Television Group Co., Ltd., which is a wholly stated-owned company in the People's Republic of China.

The smallest and largest group to consolidate these financial statements is Jiangsu Broadcasting Corporation International Co., Ltd. Copies of the consolidated financial statements are available on request from 4 East Beijing Road, Nanjing, Jiangsu province 210008 China.