IRIS Accounts Production v25.1.0.734 08026043 director 1.8.23 31.7.24 31.7.24 0 0 false true false false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080260432023-07-31080260432024-07-31080260432023-08-012024-07-31080260432022-07-31080260432022-08-012023-07-31080260432023-07-3108026043ns15:EnglandWales2023-08-012024-07-3108026043ns14:PoundSterling2023-08-012024-07-3108026043ns10:Director12023-08-012024-07-3108026043ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108026043ns10:SmallEntities2023-08-012024-07-3108026043ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108026043ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108026043ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108026043ns10:FullAccounts2023-08-012024-07-310802604312023-08-012024-07-3108026043ns10:OrdinaryShareClass12023-08-012024-07-3108026043ns10:CompanySecretary12023-08-012024-07-3108026043ns10:RegisteredOffice2023-08-012024-07-3108026043ns5:CurrentFinancialInstruments2024-07-3108026043ns5:CurrentFinancialInstruments2023-07-3108026043ns5:Non-currentFinancialInstruments2024-07-3108026043ns5:Non-currentFinancialInstruments2023-07-3108026043ns5:ShareCapital2024-07-3108026043ns5:ShareCapital2023-07-3108026043ns5:SharePremium2024-07-3108026043ns5:SharePremium2023-07-3108026043ns5:RevaluationReserve2024-07-3108026043ns5:RevaluationReserve2023-07-3108026043ns5:RetainedEarningsAccumulatedLosses2024-07-3108026043ns5:RetainedEarningsAccumulatedLosses2023-07-3108026043ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3108026043ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-012024-07-3108026043ns5:ComputerSoftware2023-08-012024-07-3108026043ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3108026043ns5:ComputerSoftware2023-07-3108026043ns5:PatentsTrademarksLicencesConcessionsSimilar2024-07-3108026043ns5:ComputerSoftware2024-07-3108026043ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3108026043ns5:ComputerSoftware2023-07-3108026043ns5:LeaseholdImprovements2023-07-3108026043ns5:PlantMachinery2023-07-3108026043ns5:FurnitureFittings2023-07-3108026043ns5:LeaseholdImprovements2023-08-012024-07-3108026043ns5:PlantMachinery2023-08-012024-07-3108026043ns5:FurnitureFittings2023-08-012024-07-3108026043ns5:LeaseholdImprovements2024-07-3108026043ns5:PlantMachinery2024-07-3108026043ns5:FurnitureFittings2024-07-3108026043ns5:LeaseholdImprovements2023-07-3108026043ns5:PlantMachinery2023-07-3108026043ns5:FurnitureFittings2023-07-3108026043ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3108026043ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3108026043ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-07-3108026043ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-07-3108026043ns10:OrdinaryShareClass12024-07-3108026043ns5:RetainedEarningsAccumulatedLosses2023-07-3108026043ns5:SharePremium2023-07-3108026043ns5:RevaluationReserve2023-07-3108026043ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 08026043 (England and Wales)















Latest TV Limited

Unaudited Financial Statements

For The Year Ended 31 July 2024






Latest TV Limited (Registered number: 08026043)

Contents of the Financial Statements
For The Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Latest TV Limited

Company Information
For The Year Ended 31 July 2024







DIRECTOR: W A Smith





SECRETARY:





REGISTERED OFFICE: St George's Church Community Centre
St George's Road
Brighton
East Sussex
BN2 1ED





REGISTERED NUMBER: 08026043 (England and Wales)





ACCOUNTANTS: John Phillips & Co Limited
Accountants
Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL

Latest TV Limited (Registered number: 08026043)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 359,514 423,728
Tangible assets 5 20,345 23,585
379,859 447,313

CURRENT ASSETS
Debtors 6 79,413 34,750
Cash at bank - 40
79,413 34,790
CREDITORS
Amounts falling due within one year 7 40,197 69,499
NET CURRENT ASSETS/(LIABILITIES) 39,216 (34,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,075

412,604

CREDITORS
Amounts falling due after more than one
year

8

509,463

490,647
NET LIABILITIES (90,388 ) (78,043 )

Latest TV Limited (Registered number: 08026043)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 120 120
Share premium 11 512,846 512,846
Revaluation reserve 11 280,000 280,000
Retained earnings 11 (883,354 ) (871,009 )
SHAREHOLDERS' FUNDS (90,388 ) (78,043 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 director and authorised for issue on 29 April 2025 and were signed by:





W A Smith - Director


Latest TV Limited (Registered number: 08026043)

Notes to the Financial Statements
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

Latest TV 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 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.

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.

Franchise are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


Latest TV Limited (Registered number: 08026043)

Notes to the Financial Statements - continued
For The Year Ended 31 July 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Computer
Franchise software Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 413,069 376,990 790,059
AMORTISATION
At 1 August 2023 91,318 275,013 366,331
Amortisation for year 20,653 43,561 64,214
At 31 July 2024 111,971 318,574 430,545
NET BOOK VALUE
At 31 July 2024 301,098 58,416 359,514
At 31 July 2023 321,751 101,977 423,728

Latest TV Limited (Registered number: 08026043)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 51,782 69,367 127,388 248,537
DEPRECIATION
At 1 August 2023 28,197 69,367 127,388 224,952
Charge for year 3,240 - - 3,240
At 31 July 2024 31,437 69,367 127,388 228,192
NET BOOK VALUE
At 31 July 2024 20,345 - - 20,345
At 31 July 2023 23,585 - - 23,585

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 44,663 -
Prepayments 34,750 34,750
79,413 34,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 9) 21,759 21,259
Other loans (see note 9) 18,000 18,000
Trade creditors 1 (12,401 )
VAT 437 36,177
Accrued expenses - 6,464
40,197 69,499

Latest TV Limited (Registered number: 08026043)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 9) 1,241 34,139
Long term directors loans 508,222 456,508
509,463 490,647

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 230 -
Bank loans 21,529 21,259
Other Loans 18,000 18,000
39,759 39,259

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,241 34,139

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,200 Ordinary 10p 120 120

11. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 August 2023 (871,009 ) 512,846 280,000 (78,163 )
Deficit for the year (12,345 ) (12,345 )
At 31 July 2024 (883,354 ) 512,846 280,000 (90,508 )