0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 855,923 290,000 565,923 565,923 xbrli:pure xbrli:shares iso4217:GBP 02245220 2023-04-01 2024-03-31 02245220 2024-03-31 02245220 2023-03-31 02245220 2022-04-01 2023-03-31 02245220 2023-03-31 02245220 2022-03-31 02245220 bus:Director1 2023-04-01 2024-03-31 02245220 core:WithinOneYear 2024-03-31 02245220 core:WithinOneYear 2023-03-31 02245220 bus:AllOrdinaryShares 2023-04-01 2024-03-31 02245220 core:ShareCapital 2024-03-31 02245220 core:ShareCapital 2023-03-31 02245220 core:SharePremium 2024-03-31 02245220 core:SharePremium 2023-03-31 02245220 core:CapitalRedemptionReserve 2024-03-31 02245220 core:CapitalRedemptionReserve 2023-03-31 02245220 core:RetainedEarningsAccumulatedLosses 2024-03-31 02245220 core:RetainedEarningsAccumulatedLosses 2023-03-31 02245220 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 02245220 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-03-31 02245220 core:Non-currentFinancialInstruments 2024-03-31 02245220 core:Non-currentFinancialInstruments 2023-03-31 02245220 bus:SmallEntities 2023-04-01 2024-03-31 02245220 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02245220 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02245220 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02245220 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 02245220
Anglovision International Limited
Filleted Unaudited Financial Statements
31 March 2024
Anglovision International Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
565,923
565,923
Current assets
Debtors
6
1,809
1,809
Creditors: amounts falling due within one year
7
48
48
-------
-------
Net current assets
1,761
1,761
---------
---------
Total assets less current liabilities
567,684
567,684
---------
---------
Capital and reserves
Called up share capital
52,084
52,084
Share premium account
222,916
222,916
Capital redemption reserve
3,125
3,125
Profit and loss account
289,559
289,559
---------
---------
Shareholders funds
567,684
567,684
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 December 2024 , and are signed on behalf of the board by:
Mr S H W Watson
Director
Company registration number: 02245220
Anglovision International Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 114 St. Martin's Lane, London, WC2N 4BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year as follows:
Investments
Fixed asset investments in subsidiary undertakings are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
100,000
---------
----
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
855,923
---------
Impairment
At 1 April 2023 and 31 March 2024
290,000
---------
Carrying amount
At 31 March 2024
565,923
---------
At 31 March 2023
565,923
---------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
50
50
Other debtors
1,759
1,759
-------
-------
1,809
1,809
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
48
48
----
----
8. Controlling party
The ultimate holding company is St Martin's Communications Group Limited, a company registered in England and Wales. Mr S Watson is the ultimate controlling party.