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REGISTERED NUMBER: 10487696 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

Radio Holland UK Ltd

Radio Holland UK Ltd (Registered number: 10487696)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Radio Holland UK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S W Gallighan
S R Zaadnoordijk





REGISTERED OFFICE: The Old Coach House
Castle Eden
Hartlepool
Co. Durham
TS27 4SU





REGISTERED NUMBER: 10487696 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Radio Holland UK Ltd (Registered number: 10487696)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 4,865 1,631
4,866 1,632

CURRENT ASSETS
Stocks 68,586 62,007
Debtors 6 311,246 291,105
Cash at bank 248,255 300,904
628,087 654,016
CREDITORS
Amounts falling due within one year 7 656,168 648,639
NET CURRENT (LIABILITIES)/ASSETS (28,081 ) 5,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,215

)

7,009

CAPITAL AND RESERVES
Called up share capital 9 200,001 200,001
Retained earnings (223,216 ) (192,992 )
SHAREHOLDERS' FUNDS (23,215 ) 7,009

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 10 April 2025 and were signed on its behalf by:





S W Gallighan - Director


Radio Holland UK Ltd (Registered number: 10487696)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Radio Holland UK 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern
The company has returned recurring pre-tax trading losses over the past 5 years totalling £609,051 due mainly to the combined impacts of Brexit, the Covid pandemic and decisions made by the ultimate parent company to correspond with the group's global trading strategy. These losses have resulted in the company's Balance Sheet diminishing in value, showing net liabilities of £23,215 as at 31 December 2024. The company now relies upon an intra-group loan with related party Pon Holdings B.V to continue trading. This loan balance at the year end amounted to £482,812 (2023: £598,698).

The company's directors are of the opinion that the company is a going concern, based on their knowledge of the group's global strategy of maintaining a presence in every country in which they intend to operate, future budgeted performance and an underlying assumption of the continued support of the group. The directors have received written confirmation of such support and on that basis, believe it appropriate for the accounts to be prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Radio Holland UK Ltd (Registered number: 10487696)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of communication spares is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from maintenance agreements is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. Provision is made for any impairment.

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

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 - 10% on reducing balance
Computer equipment - 50% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 balance sheet date.


Radio Holland UK Ltd (Registered number: 10487696)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Foreign currency
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

Radio Holland UK Ltd (Registered number: 10487696)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024 5,000 7,037 12,037
Additions - 4,692 4,692
At 31 December 2024 5,000 11,729 16,729
DEPRECIATION
At 1 January 2024 3,369 7,037 10,406
Charge for year 540 918 1,458
At 31 December 2024 3,909 7,955 11,864
NET BOOK VALUE
At 31 December 2024 1,091 3,774 4,865
At 31 December 2023 1,631 - 1,631

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 166,015 102,149
Amounts owed by group undertakings 65,827 35,964
Amounts recoverable on contract 64,183 138,125
VAT 5,982 8,775
Prepayments 9,239 6,092
311,246 291,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,775 49,137
Amounts owed to group undertakings 484,328 541,523
Social security and other taxes 19,181 23,735
Other creditors 5,717 -
Accruals and deferred income 70,167 34,244
656,168 648,639

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,607 13,691
Between one and five years 20,114 27,644
38,721 41,335

Radio Holland UK Ltd (Registered number: 10487696)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,001 Ordinary £1 200,001 200,001

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

The Report of the Auditors was unqualified.

Andrew Dewing FCCA, ACA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, At the balance sheet date, unpaid contributions of £5,717 (2023: £Nil) were due to the fund. They are included in other creditors.

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Radio Holland Group B.V. a company incorporated in the Netherlands.

The registered office is Droogdokweg 71, 3089 JN Rotterdam, The Netherlands.

The ultimate parent company is Pepp Group II B.V, a company incorporated in the Netherlands.

The consolidated accounts of Radio Holland Group B.V. in which the company's financial statements are included are available from its registered office at the following address: Droogdokweg 71, 3089 JN Rotterdam, The Netherlands.