Company No:
Contents
Note | 30.04.2024 | 28.02.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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25,156,274 | 0 | |||
Current assets | ||||
Cash at bank and in hand |
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13,847 | 1 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current (liabilities)/assets | (2,261,000) | 1 | ||
Total assets less current liabilities | 22,895,274 | 1 | ||
Creditors: amounts falling due after more than one year | 5 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of TVG Media Holdings Limited (registered number:
C Leyton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
TVG Media Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Pixel Unit 5.19 Paintworks, Bath Road, Bristol, BS4 3EH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Period from 01.03.2023 to 30.04.2024 |
Period from 06.01.2023 to 28.02.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
30.04.2024 | |
£ | |
Cost | |
At 01 March 2023 |
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Additions |
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At 30 April 2024 |
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Carrying value at 30 April 2024 |
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Carrying value at 28 February 2023 |
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30.04.2024 | 28.02.2023 | ||
£ | £ | ||
Bank loans (secured) |
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Amounts owed to own subsidiaries |
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Amounts owed to directors |
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Accruals |
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Other taxation and social security |
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30.04.2024 | 28.02.2023 | ||
£ | £ | ||
Bank loans (secured) |
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Other loans (secured) |
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Other creditors |
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Bank loans are secured against are secured by fixed and floating charge over all the property or undertaking of the company.
30.04.2024 | 28.02.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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7,749,999 | 1 |
Transactions with the entity's directors
30.04.2024 | 28.02.2023 | ||
£ | £ | ||
Director 1 | (22,085) | 0 | |
Director 2 | (22,085) | 0 |
All loans are interest free and repayable on demand