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REGISTERED NUMBER: 07491530 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RIZE TELEVISION LIMITED

RIZE TELEVISION LIMITED (REGISTERED NUMBER: 07491530)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RIZE TELEVISION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: NBD Holdings Limited
Mr S P Ayton
Ms N B Davies-Williams
Mr N J Pike





REGISTERED OFFICE: 2 Kingdom Street
London
W2 6JP





REGISTERED NUMBER: 07491530 (England and Wales)





AUDITORS: MGR Weston Kay LLP
Statutory Auditors
55 Loudoun Road
St John's Wood
London
NW8 0DL

RIZE TELEVISION LIMITED (REGISTERED NUMBER: 07491530)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 1 2
1 2

CURRENT ASSETS
Debtors 6 1 1
Cash at bank 2,431 2,936
2,432 2,937
CREDITORS
Amounts falling due within one year 7 - (14 )
NET CURRENT ASSETS 2,432 2,923
TOTAL ASSETS LESS CURRENT LIABILITIES 2,433 2,925

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,433 1,925
SHAREHOLDERS' FUNDS 2,433 2,925

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





Mr S P Ayton - Director


RIZE TELEVISION LIMITED (REGISTERED NUMBER: 07491530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rize Television Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Distribution revenue arises from the licensing of programme rights which have been obtained under distribution agreements with either external parties or group companies. Distribution revenue is recognised in the profit and loss account on the signature of the license agreement, and represents amounts receivable from such contracts. Royalty income is recognised in the profit and loss account when amounts are received.

All revenue excludes value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated impairment losses.

Investments in subsidiaries
Fixed asset investments are stated at cost less provision for diminution in value.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade creditors and loans to related related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If impairment is found, an impairment loss is recognised in the statement of comprehensive income. The impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.


RIZE TELEVISION LIMITED (REGISTERED NUMBER: 07491530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense represents the sum of the tax currently payable

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Programme
rights
£   
COST
At 1 April 2023
and 31 March 2024 2,911,784
AMORTISATION
At 1 April 2023
and 31 March 2024 2,911,784
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

RIZE TELEVISION LIMITED (REGISTERED NUMBER: 07491530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 2
PROVISIONS

Eliminated on disposal 1
At 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 14

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Yardley (Senior Statutory Auditor)
for and on behalf of MGR Weston Kay LLP

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available in accordance with FRS 102 Section 33 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, with companies which are wholly owned subsidiary undertakings of the group.

RIZE TELEVISION LIMITED (REGISTERED NUMBER: 07491530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. PARENT COMPANY

The parent of the smallest group for which consolidated accounts are drawn up, of which this company is a
member, is N.B.D. Holdings Limited, a company registered in England and Wales. The immediate parent
company is N.B.D. Holdings Limited and a copy of the group financial statements may be obtained from 6th
Floor, 2 Kingdom Street, London, England, W2 6JP.