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Registered number: 13199049














HTM (DI RAY) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

 
HTM (DI RAY) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
HTM (DI RAY) LIMITED
REGISTERED NUMBER:13199049

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

31 July
31 December
2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
8,355,543
295,531

Cash at bank and in hand
  
560,394
11,774

  
8,915,937
307,305

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(9,023,804)
(276,537)

Net (liabilities)/assets
  
(107,867)
30,768


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(107,868)
30,767

  
(107,867)
30,768


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 September 2023.




A J Dugdale
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
HTM (DI RAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

HTM (DI Ray) Limited is a private limited liability company registered in England and Wales. Its registered office address is at 7 Savoy Court, London, WC2R 0EX and trading address at 33 Oval Road, London, NW1 7EA.
The principal activity of the Company is that of creation of content for broadcast media.
The Company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises income receivable in respect of Television production, exclusive of Value Added Tax.
Production turnover and gross profit are recognised over the period of the production, on a stage of completion and straight line basis respectively

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
HTM (DI RAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and  related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 4).


4.


Debtors

31 July
31 December
2023
2022
£
£

Trade debtors
3,600
-

Other debtors
804,161
-

Prepayments and accrued income
5,784,357
-

Tax recoverable
1,763,425
295,531

8,355,543
295,531


Page 3

 
HTM (DI RAY) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.


Creditors: Amounts falling due within one year

31 July
31 December
2023
2022
£
£

Bank loans
8,281,087
-

Trade creditors
24,830
-

Amounts owed to group undertakings
410,257
78,125

Other taxation and social security
-
178,069

Other creditors
14,472
-

Accruals and deferred income
293,158
20,343

9,023,804
276,537


The Company's bank facilities are secured by a fixed and floating charge against the assets of the company.


6.


Share capital

31 July
31 December
2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



7.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


8.


Controlling party

The ultimate parent company and controlling party is HTM Television Limited, a company registered in England and Wales.


9.


Auditors' information

The auditors' report on the financial statements for the period ended 31 July 2023 was unqualified.

The audit report was signed on 7 September 2023 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

 
Page 4