Zee Entertainment UK Limited
Annual Report and Financial Statements
For the year ended 31 March 2025
Company Registration No. 15171254 (England and Wales)
Zee Entertainment UK Limited
Company Information
Director
P Goel
Company number
15171254
Registered office
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
England
HA7 1JS
Auditor
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Zee Entertainment UK Limited
Director's Report
For the year ended 31 March 2025
Page 1

The director presents his annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of distributing television channels and VoD (Video on Demand) content of Asia Today Limited.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

P Goel
Auditor

Moore Kingston Smith LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P Goel
Director
24 April 2025
Zee Entertainment UK Limited
Director's Responsibilities Statement
For the year ended 31 March 2025
Page 2

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

 

 

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Zee Entertainment UK Limited
Independent Auditor's Report
To the Members of Zee Entertainment UK Limited
Page 3
Opinion

We have audited the financial statements of Zee Entertainment UK Limited (the 'company') for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Zee Entertainment UK Limited
Independent Auditor's Report (Continued)
To the Members of Zee Entertainment UK Limited
Page 4

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the director's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

 

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Zee Entertainment UK Limited
Independent Auditor's Report (Continued)
To the Members of Zee Entertainment UK Limited
Page 5
Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

 

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

 

 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

 

 

Zee Entertainment UK Limited
Independent Auditor's Report (Continued)
To the Members of Zee Entertainment UK Limited
Page 6

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

 

 

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Zee Entertainment UK Limited
Independent Auditor's Report (Continued)
To the Members of Zee Entertainment UK Limited
Page 7
Amanda Settle
Senior Statutory Auditor
for and on behalf of Moore Kingston Smith LLP
24 April 2025
Chartered Accountants
Statutory Auditor
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Zee Entertainment UK Limited
Profit and Loss Account
For the year ended 31 March 2025
Page 8
Year
Period
ended
ended
31 March
31 March
2025
2024
Notes
£
£
Turnover
6,170,856
-
Administrative expenses
(5,674,543)
-
0
Operating profit
496,313
-
Interest payable and similar expenses
(1,768)
-
0
Profit before taxation
494,545
-
0
Tax on profit
5
(154,935)
-
0
Profit for the financial year
339,610
-
0
Zee Entertainment UK Limited
Balance Sheet
As at 31 March 2025
31 March 2025
Page 9
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
6
5,076
-
0
Investments
7
3,306
-
0
8,382
-
0
Current assets
Debtors
9
22,933,015
-
0
Cash at bank and in hand
1,704,448
25,000
24,637,463
25,000
Creditors: amounts falling due within one year
10
(9,285,111)
-
0
Net current assets
15,352,352
25,000
Net assets
15,360,734
25,000
Capital and reserves
Called up share capital
11
15,021,124
25,000
Profit and loss reserves
339,610
-
0
Total equity
15,360,734
25,000

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

The financial statements were approved and signed by the director and authorised for issue on 24 April 2025
P Goel
Director
Company Registration No. 15171254
Zee Entertainment UK Limited
Statement of Changes in Equity
For the year ended 31 March 2025
Page 10
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 28 September 2023
-
0
-
0
-
Period ended 31 March 2024:
Profit and total comprehensive income for the period
-
-
0
-
0
Issue of share capital
11
25,000
-
25,000
Balance at 31 March 2024
25,000
-
0
25,000
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
339,610
339,610
Issue of share capital
11
14,996,124
-
14,996,124
Balance at 31 March 2025
15,021,124
339,610
15,360,734
Zee Entertainment UK Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 11
1
Accounting policies
Company information

Zee Entertainment UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, England, HA7 1JS.

1.1
Reporting period

The financial statements to 31 March 2025 have been prepared for a year. The comparative period was prepared for a short period from the date of incorporation, 28 September 2023 to 31 March 2024.

1.2
Accounting convention

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 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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;
• Section 11 ‘Basic Financial Instruments' and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
• Section 26 ‘Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
• Section 33 ‘Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Zee Entertainment Enterprises Limited. These consolidated financial statements are available from its registered office, 18th Floor, A Wing, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai, 400 013, India.

Consolidated accounts have not been prepared because the company's results are consolidated in the publicly available accounts of Zee Entertainment Enterprises Limited, a company incorporated in India. Accordingly, these financial statements represent information about the company as an individual undertaking and not about the group.
Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 12
1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover represents subscriptions earned for services rendered during the year stated net of value added tax and net of discounts. Subscriptions paid in advance are recognised as deferred income in the balance sheet. Advertising revenues are recognised upon the latest telecast of advertisements and subscription revenue on a time basis on the provision of television broadcasting to subscribers. Syndication income is recognised upon delivery of the content with consideration to whether Zee Entertainment UK Limited is acting as an agent or principle in a transaction and therefore recognises income net or gross respectively.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers - Equipment
33% straight line
Computers - Servers and networks
17% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 13
1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 14
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 15
1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The critical judgements that the directors have made in the process of applying the company's accounting policies and that the most significant effects on the amounts recognised in the financial statements are in respect of:

Principal or Agent

There is a judgement surrounding whether Zee Entertainment UK Limited acts as the principal or agent in the trading relationship and is therefore able to recognise gross or net receipts for royalty and licence income received from third parties and subsidiaries.

Provision of trade debtors

There is a judgement regarding the collectability and need for a provision in respect of certain trade debtors.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Subscription management cost

Zee 5 subscription income is collected by a third party with an administration charge applied. The charge is estimated based on the difference between billings and receipts.

Accrued income

At the date of preparation of the accounts March 2025 invoices had not been raised for some streams of income. As a result, income for March 2025 has been estimated based on prior months.

Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 16
3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
41,700
-
0
For other services
All other non-audit services
27,535
-
0
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
1
5
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
154,935
-
0
Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 17
6
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
-
0
Additions
6,972
At 31 March 2025
6,972
Depreciation and impairment
At 1 April 2024
-
0
Depreciation charged in the year
1,896
At 31 March 2025
1,896
Carrying amount
At 31 March 2025
5,076
At 31 March 2024
-
0
7
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
3,306
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
-
Additions
3,306
At 31 March 2025
3,306
Carrying amount
At 31 March 2025
3,306
At 31 March 2024
-
8
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
8
Subsidiaries
(Continued)
Page 18
Name of undertaking
Registered office
% Held
Direct
Asia Multimedia Distribution Inc.
Canada
100.00
Asia TV USA Ltd.
USA
100.00
Zee Media Kenya Ltd.
Kenya
100.00
Zee TV South Africa Proprietary Ltd
South Africa
100.00

The subsidiary companies have the same principal activities being a distributor of TV and digital products, earnings revenues, holding various ground events, production of local content, sale of programmes and other marketing and promotional activities. The company is exempt from the obligation to prepare group accounts as the accounts are consolidated in the accounts of the ultimate parent company. The registered address of the subsidiary companies are:

 

Asia Multimedia Distribution Inc. - 2 Robert Speck Parkway, Suite 708, Mississauga, Ontario, L4Z 1H8, Canada.

 

Zee TV South Africa Proprietary Ltd. - Building B, 2nd Floor, Ballyoaks Office Park, 35 Ballyclare Drive, Bryanston, 2021, Johannesburg, Republic of South Africa.

 

Asia TV USA Ltd. - 200 Middlesex Essex Turnpike, Suite 202, Iselin, New Jersey 08830, United States.

 

Zee Media Kenya Ltd. - P.O Box 51236, City Square, First Ngong Avenue: ACK Garden Annex, Nairobi West District, Kenya.

9
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,516,839
-
0
Amounts owed by group undertakings
21,161,667
-
0
Other debtors
7,554
-
Prepayments and accrued income
246,955
-
0
22,933,015
-
Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 19
10
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
177,819
-
0
Amounts owed to group undertakings
8,084,444
-
0
Corporation tax
154,935
-
0
Other taxation and social security
202,947
-
0
Other creditors
16,978
-
Accruals and deferred income
647,988
-
0
9,285,111
-
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
15,021,124
25,000
15,021,124
25,000

On 28 September 2023, the company incorporated with 25,000 ordinary shares at £1 each.

 

On 14 June 2024, the company issued 9,000,000 ordinary shares at £1 each.

 

On 27 September 2024, the company issued 5,996,124 ordinary shares at £1 each.

12
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
695,940
-
0
13
Related party transactions

The company has taken the exemption, in accordance with FRS 102 - Section 33 "Related Party Disclosures", from disclosing related party transactions entered into between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

Zee Entertainment UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 20
14
Parent company

The parent undertaking of the largest group which includes the company and for which group financial statements are prepared is Zee Entertainment Enterprises Limited, a company incorporated in India. The parent undertaking of the smallest group is Asia Today Limited, a company incorporated in Mauritius.

 

Copies of the group financial statements for both companies are available from Zee Entertainment Enterprises Limited, 18th Floor, A Wing, Marathon Futurex, N.M. Josh Marg, Lower Parel, Mumbai, 400 013, India.

 

The directors regard Zee Entertainment Enterprises Ltd as the ultimate parent undertaking. Asia Today Limited is the immediate parent company.

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