Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseTelevision programma production activities22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04005102 2023-06-01 2024-05-31 04005102 2022-06-01 2023-05-31 04005102 2024-05-31 04005102 2023-05-31 04005102 c:Director1 2023-06-01 2024-05-31 04005102 d:ComputerEquipment 2023-06-01 2024-05-31 04005102 d:ComputerEquipment 2024-05-31 04005102 d:ComputerEquipment 2023-05-31 04005102 d:CurrentFinancialInstruments 2024-05-31 04005102 d:CurrentFinancialInstruments 2023-05-31 04005102 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04005102 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04005102 d:ShareCapital 2024-05-31 04005102 d:ShareCapital 2023-05-31 04005102 d:SharePremium 2024-05-31 04005102 d:SharePremium 2023-05-31 04005102 d:RetainedEarningsAccumulatedLosses 2024-05-31 04005102 d:RetainedEarningsAccumulatedLosses 2023-05-31 04005102 c:FRS102 2023-06-01 2024-05-31 04005102 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04005102 c:FullAccounts 2023-06-01 2024-05-31 04005102 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04005102 2 2023-06-01 2024-05-31 04005102 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 04005102










GLOBAL RADIO NEWS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
GLOBAL RADIO NEWS LIMITED
REGISTERED NUMBER: 04005102

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
40
40

  
40
40

Current assets
  

Debtors: amounts falling due within one year
 6 
99,071
98,511

Cash at bank and in hand
 7 
72,797
57,384

  
171,868
155,895

Creditors: amounts falling due within one year
 8 
(87,943)
(63,544)

Net current assets
  
 
 
83,925
 
 
92,351

Total assets less current liabilities
  
83,965
92,391

  

Net assets
  
83,965
92,391


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
243,316
243,316

Profit and loss account
  
(159,355)
(150,929)

  
83,965
92,391


Page 1

 
GLOBAL RADIO NEWS LIMITED
REGISTERED NUMBER: 04005102
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 by: 



H Beresford-Peirse
Director

Date: 19 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GLOBAL RADIO NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Global Radio News Limited is a private company limited by share capital, registered in England and Wales, registration number 04005102. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

 
2.3

GOING CONCERN

A connected company has confirmed that it will not seek to recover amounts due to it until the company has sufficient profitability and cash flow. On this basis the directors consider it appropriate to prepare the accounts on a going concern basis.  

 
2.4

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GLOBAL RADIO NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment
-
3
years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
GLOBAL RADIO NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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 balance sheet date in the countries where the Company operates and generates income.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


TANGIBLE FIXED ASSETS





Computer equipment

£



Cost or valuation


At 1 June 2023
18,098



At 31 May 2024

18,098



Depreciation


At 1 June 2023
18,098



At 31 May 2024

18,098



Net book value



At 31 May 2024
-



At 31 May 2023
-

Page 5

 
GLOBAL RADIO NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


FIXED ASSET INVESTMENTS





Investments in associates

£



Cost or valuation


At 1 June 2023
40



At 31 May 2024
40




Page 6

 
GLOBAL RADIO NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


DEBTORS

2024
2023
£
£


Amounts owed by associates
13,333
12,933

Other debtors
711
552

Prepayments and accrued income
85,027
85,026

99,071
98,511



7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
72,797
57,384

72,797
57,384



8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
35

Amounts owed to associates
83,369
59,004

Other creditors
-
36

Accruals and deferred income
4,574
4,469

87,943
63,544


 
Page 7