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Company registration number: 14739021
Sonata Media Cyf
Unaudited filleted financial statements
31 March 2024
Sonata Media Cyf
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Sonata Media Cyf
Directors and other information
Directors Mr Alwyn Llion Davies (Appointed 17 March 2023)
Ms Caryl Nia Ebenezer (Appointed 24 October 2023)
Mr Seiriol Dawes Hughes (Appointed 24 October 2023)
Mr Bedwyr Rees (Appointed 24 October 2023)
Mr Sion Clwyd Roberts (Appointed 24 October 2023)
Mr Gareth Williams (Appointed 17 March 2023)
Company number 14739021
Registered office Lon Cae Ffynnon
Cibyn Industrial Estate
Caernarfon
Gwynedd
LL55 2BD
Accountants WJ Matthews & Son
11-15 Bridge Street
Caernarfon
Gwynedd
LL55 1AB
Sonata Media Cyf
Statement of financial position
31 March 2024
31/03/24
Note £ £
Fixed assets
Investments 4 488,220
_______
488,220
Total assets less current liabilities 488,220
_______
Net assets 488,220
_______
Capital and reserves
Called up share capital 65
Share premium account 129,486
Profit and loss account 358,669
_______
Shareholders funds 488,220
_______
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Mr Alwyn Llion Davies
Director
Company registration number: 14739021
Sonata Media Cyf
Notes to the financial statements
Period ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is C/O Rondo Media, Lon Cae Ffynnon, Cibyn Industrial Estate, Caernarfon, Gwynedd, LL55 2BD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current period.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 17 March 2023 - -
Additions 488,220 488,220
_______ _______
At 31 March 2024 488,220 488,220
_______ _______
Impairment
At 17 March 2023 and 31 March 2024 - -
_______ _______
Carrying amount
At 31 March 2024 488,220 488,220
_______ _______
5. Controlling party
The company has no overall controlling party.