Silverfin false false 30/04/2024 01/03/2023 30/04/2024 D Ball 06/01/2023 S P Capon-Leyton 15/03/2023 R Kantor 15/03/2023 C Leyton 15/03/2023 J Rainbow 15/03/2023 21 August 2024 The principal activity of the company was that of a holding company. 14574221 2024-04-30 14574221 bus:Director1 2024-04-30 14574221 bus:Director2 2024-04-30 14574221 bus:Director3 2024-04-30 14574221 bus:Director4 2024-04-30 14574221 bus:Director5 2024-04-30 14574221 2023-02-28 14574221 core:CurrentFinancialInstruments 2024-04-30 14574221 core:CurrentFinancialInstruments 2023-02-28 14574221 core:Non-currentFinancialInstruments 2024-04-30 14574221 core:Non-currentFinancialInstruments 2023-02-28 14574221 core:ShareCapital 2024-04-30 14574221 core:ShareCapital 2023-02-28 14574221 core:RetainedEarningsAccumulatedLosses 2024-04-30 14574221 core:RetainedEarningsAccumulatedLosses 2023-02-28 14574221 core:CostValuation 2023-02-28 14574221 core:AdditionsToInvestments 2024-04-30 14574221 core:CostValuation 2024-04-30 14574221 core:CurrentFinancialInstruments core:Secured 2024-04-30 14574221 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 14574221 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-02-28 14574221 bus:OrdinaryShareClass1 2024-04-30 14574221 bus:PreferenceShareClass1 2024-04-30 14574221 2023-03-01 2024-04-30 14574221 bus:FilletedAccounts 2023-03-01 2024-04-30 14574221 bus:SmallEntities 2023-03-01 2024-04-30 14574221 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-04-30 14574221 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-04-30 14574221 bus:Director1 2023-03-01 2024-04-30 14574221 bus:Director2 2023-03-01 2024-04-30 14574221 bus:Director3 2023-03-01 2024-04-30 14574221 bus:Director4 2023-03-01 2024-04-30 14574221 bus:Director5 2023-03-01 2024-04-30 14574221 2023-01-06 2023-02-28 14574221 core:CurrentFinancialInstruments 2023-03-01 2024-04-30 14574221 core:Non-currentFinancialInstruments 2023-03-01 2024-04-30 14574221 bus:OrdinaryShareClass1 2023-03-01 2024-04-30 14574221 bus:OrdinaryShareClass1 2023-01-06 2023-02-28 14574221 bus:PreferenceShareClass1 2023-03-01 2024-04-30 14574221 bus:PreferenceShareClass1 2023-01-06 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14574221 (England and Wales)

TVG MEDIA HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 01 March 2023 to 30 April 2024
Pages for filing with the registrar

TVG MEDIA HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 01 March 2023 to 30 April 2024

Contents

TVG MEDIA HOLDINGS LIMITED

BALANCE SHEET

As at 30 April 2024
TVG MEDIA HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 30.04.2024 28.02.2023
£ £
Fixed assets
Investments 3 25,156,274 0
25,156,274 0
Current assets
Cash at bank and in hand 13,847 1
13,847 1
Creditors: amounts falling due within one year 4 ( 2,274,847) 0
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 ( 15,690,993) 0
Net assets 7,204,281 1
Capital and reserves
Called-up share capital 6 357,141 1
Profit and loss account 6,847,140 0
Total shareholders' funds 7,204,281 1

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of TVG Media Holdings Limited (registered number: 14574221) were approved and authorised for issue by the Board of Directors on 21 August 2024. They were signed on its behalf by:

C Leyton
Director
TVG MEDIA HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2023 to 30 April 2024
TVG MEDIA HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2023 to 30 April 2024
1. Accounting policies

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.

General information and basis of accounting

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

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.

Impairment of assets

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 instruments

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.

2. Employees

Period from
01.03.2023 to
30.04.2024
Period from
06.01.2023 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

30.04.2024
£
Cost
At 01 March 2023 0
Additions 25,156,274
At 30 April 2024 25,156,274
Carrying value at 30 April 2024 25,156,274
Carrying value at 28 February 2023 0

4. Creditors: amounts falling due within one year

30.04.2024 28.02.2023
£ £
Bank loans (secured) 781,250 0
Amounts owed to own subsidiaries 1,441,468 0
Amounts owed to directors 44,170 0
Accruals 3,000 0
Other taxation and social security 4,959 0
2,274,847 0

Bank loans are secured against are secured by fixed and floating charge over all the property or undertaking of the company.

5. Creditors: amounts falling due after more than one year

30.04.2024 28.02.2023
£ £
Bank loans (secured) 1,497,396 0
Other loans (secured) 6,800,000 0
Other creditors 7,393,597 0
15,690,993 0

Loan notes are secured by fixed and floating charge over all the property or undertaking of the company.

Bank loans are secured against are secured by fixed and floating charge over all the property or undertaking of the company.

6. Called-up share capital

30.04.2024 28.02.2023
£ £
Allotted, called-up and fully-paid
357,141 Ordinary shares of £ 1.00 each (28.02.2023: 1 share of £ 1.00 ) 357,141 1
7,392,858 Preference shares of £ 1.00 each (28.02.2023: nil shares) 7,392,858 0
7,749,999 1

Preference shares in the year are being reordered as creditors falling due after 1 year.

7. Related party transactions

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