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REGISTERED NUMBER: 05293090 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

BRITASIA TV NETWORK LTD

BRITASIA TV NETWORK LTD (REGISTERED NUMBER: 05293090)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BRITASIA TV NETWORK LTD

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Dasmesh Singh Shergill





REGISTERED OFFICE: 158 Broad Street
Birmingham
West Midlands
B15 1DT





REGISTERED NUMBER: 05293090 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

BRITASIA TV NETWORK LTD (REGISTERED NUMBER: 05293090)

Abridged Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,394 22,705

CURRENT ASSETS
Debtors 666,196 711,099
Cash at bank 21,326 12,350
687,522 723,449
CREDITORS
Amounts falling due within one year 682,500 907,741
NET CURRENT ASSETS/(LIABILITIES) 5,022 (184,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,416

(161,587

)

CREDITORS
Amounts falling due after more than one year 2,955 8,837
NET ASSETS/(LIABILITIES) 20,461 (170,424 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 20,459 (170,426 )
SHAREHOLDERS' FUNDS 20,461 (170,424 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BRITASIA TV NETWORK LTD (REGISTERED NUMBER: 05293090)

Abridged Statement of Financial Position - continued
30 November 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Dasmesh Singh Shergill - Director


BRITASIA TV NETWORK LTD (REGISTERED NUMBER: 05293090)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

BritAsia TV Network Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BRITASIA TV NETWORK LTD (REGISTERED NUMBER: 05293090)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 104,271
DEPRECIATION
At 1 December 2023 81,566
Charge for year 4,311
At 30 November 2024 85,877
NET BOOK VALUE
At 30 November 2024 18,394
At 30 November 2023 22,705

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,892 5,910

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,955 5,910

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,927

6. DEFERRED TAX
£   
Balance at 1 December 2023 (70,356 )
Provided during year 63,628
Balance at 30 November 2024 (6,728 )

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

BRITASIA TV NETWORK LTD (REGISTERED NUMBER: 05293090)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. RESERVES
Retained
earnings
£   

At 1 December 2023 (170,426 )
Profit for the year 190,885
At 30 November 2024 20,459