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Registered number: 11265750









CLTD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 12 FEBRUARY 2025

 
CLTD LIMITED
 
 
COMPANY INFORMATION


Directors
T D R Jones 
P J McKenna 




Registered number
11265750



Registered office
Zetland House
109-123 Clifton Street

London

EC2A 4LD




Accountants
Ecovis Wingrave Yeats UK Limited
Chartered Accountants

3rd Floor, Waverley House

7-12 Noel Street

London

W1F 8GQ





 
CLTD LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
CLTD LIMITED
REGISTERED NUMBER: 11265750

BALANCE SHEET
AS AT 12 FEBRUARY 2025

12 February
29 February
2025
2024
Note
£
£

  

Current assets
  

Work in progress
 5 
1,106,260
699,419

Debtors: amounts falling due within one year
 6 
215,847
103,998

Cash at bank and in hand
  
33,575
25,185

  
1,355,682
828,602

Creditors: amounts falling due within one year
 7 
(1,355,680)
(828,600)

Net current assets
  
 
 
2
 
 
2

Total assets less current liabilities
  
2
2

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
 8 
2
2

  
2
2


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 period 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 statement of comprehensive income 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 on 25 March 2025.




P J McKenna
Director

Page 1

 
CLTD LIMITED
REGISTERED NUMBER: 11265750
    
BALANCE SHEET (CONTINUED)
AS AT 12 FEBRUARY 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CLTD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2025

1.


General information

CLTD Limited is a private company, limited by shares, incorporated in England & Wales, registration number 11265750. The company's registered office is Zetland House, 109-123 Clifton Street, London, EC2A 4LD.

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

Going concern

The nature of the Company’s principal activity means that there is significant expenditure during active production phases and substantially lower costs outside of these periods. The Company’s robust financial planning and funding arrangements ensure operational continuity and financial stability throughout. Therefore, the fluctuating costs associated with our production cycles do not pose a threat to our status as a going concern. As a result, the directors believe that it remains appropriate to continue to adopt the going concern basis in preparing these financial statements.

 
2.3

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.


 
2.4

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.

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
CLTD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2025

2.Accounting policies (continued)

 
2.6

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.

  
2.7

Work in progress

Work in progress assets are recorded at the lower of cost or net realisable value and are inclusive of all costs directly related to producing television programmes. Amounts held in WIP are specifically related to producing television programmes and are carried on the balance sheet to the extent they will generate revenue post year end.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2024 - 2).


4.


Taxation

CLTD Limited has a project that qualifies for creative industry tax reliefs. At the year end there is a tax recoverable amount of £109,397 (2024 - £Nil) included within note 6 relating to the estimated value of the tax credit in respect of the claim for this accounting period.
At the time of signing these financial statements there were no trading losses carried forward to be offset against future profits or available for group relief 
(2024 - £11,930).


5.


Work in progress

12 February
29 February
2025
2024
£
£

Production costs
1,106,260
699,419

1,106,260
699,419


Page 4

 
CLTD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 12 FEBRUARY 2025

6.


Debtors

12 February
29 February
2025
2024
£
£


Amounts owed by group undertakings
100,776
100,776

Other debtors
5,672
3,220

Called up share capital not paid
2
2

Tax recoverable
109,397
-

215,847
103,998


Amounts owed by group undertakings are unsecured, interest free, and repayable on demand.


7.


Creditors: Amounts falling due within one year

12 February
29 February
2025
2024
£
£

Trade creditors
46,876
-

Accruals and deferred income
1,308,804
828,600

1,355,680
828,600



8.


Share capital

12 February
29 February
2025
2024
£
£
Allotted, called up and partly paid



2 (2024 - 2) Ordinary shares shares of £1.00 each
2
2



9.


Related party transactions

CLTD Limited has taken the exemption under FRS 102, section 33 Related Party Disclosures paragraph 33.1A, whereby the company is not required to disclose transactions with other wholly owned group companies.

 
Page 5