2022-10-012023-09-302023-09-30false02147539LONDON GREEK RADIO 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LONDON GREEK RADIO LIMITED

Registered Number
02147539
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

LONDON GREEK RADIO LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

KYRIAKIDES, Alexander John
KYRIAKIDES, Helen
KYRIAKIDES, John
LEFTERI, George
PSILLOU, Antonio

Company Secretary

GILCHRISTS COMPANY SECRETARIAL SERVICES LIMITED

Registered Address

Lgr House
437 High Road
North Finchley
N12 0AP

Registered Number

02147539 (England and Wales)
LONDON GREEK RADIO LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets314,68817,540
14,68817,540
Current assets
Debtors425,39330,788
Cash at bank and on hand57,67862,010
83,07192,798
Creditors amounts falling due within one year5(153,532)(129,007)
Net current assets (liabilities)(70,461)(36,209)
Total assets less current liabilities(55,773)(18,669)
Provisions for liabilities(2,791)(3,333)
Net assets(58,564)(22,002)
Capital and reserves
Called up share capital735,900735,900
Share premium6,4406,440
Profit and loss account(800,904)(764,342)
Shareholders' funds(58,564)(22,002)
The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2024, and are signed on its behalf by:
KYRIAKIDES, John
Director
Registered Company No. 02147539
LONDON GREEK RADIO LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings15-
Office Equipment-33.33
2.Average number of employees

20232022
Average number of employees during the year49
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 22390,555
At 30 September 23390,555
Depreciation and impairment
At 01 October 22373,015
Charge for year2,852
At 30 September 23375,867
Net book value
At 30 September 2314,688
At 30 September 2217,540
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables13,75820,938
Other debtors11,6359,850
Total25,39330,788
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables12,99512,628
Amounts owed to related parties97,35982,359
Taxation and social security1,1632,481
Other creditors42,01531,539
Total153,532129,007
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Guarantees provided on behalf of directors
Other creditors includes amount owed to the directors of £34,874 (2022 : £30,874) during the year.