Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02979200 2023-10-01 2024-09-30 02979200 2022-10-01 2023-09-30 02979200 2024-09-30 02979200 2023-09-30 02979200 2022-10-01 02979200 c:Director1 2023-10-01 2024-09-30 02979200 d:Buildings 2023-10-01 2024-09-30 02979200 d:Buildings 2024-09-30 02979200 d:Buildings 2023-09-30 02979200 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 02979200 d:Buildings d:LongLeaseholdAssets 2024-09-30 02979200 d:Buildings d:LongLeaseholdAssets 2023-09-30 02979200 d:FreeholdInvestmentProperty 2024-09-30 02979200 d:FreeholdInvestmentProperty 2023-09-30 02979200 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 02979200 d:CurrentFinancialInstruments 2024-09-30 02979200 d:CurrentFinancialInstruments 2023-09-30 02979200 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02979200 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02979200 d:ShareCapital 2024-09-30 02979200 d:ShareCapital 2023-09-30 02979200 d:RevaluationReserve 2024-09-30 02979200 d:RevaluationReserve 2023-09-30 02979200 d:RetainedEarningsAccumulatedLosses 2024-09-30 02979200 d:RetainedEarningsAccumulatedLosses 2023-09-30 02979200 c:FRS102 2023-10-01 2024-09-30 02979200 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02979200 c:FullAccounts 2023-10-01 2024-09-30 02979200 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02979200 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02979200 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 02979200 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 02979200 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 02979200 2 2023-10-01 2024-09-30 02979200 6 2023-10-01 2024-09-30 02979200 3 2024-09-30 02979200 3 2023-09-30 02979200 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 02979200









TELEVISION RIGHTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TELEVISION RIGHTS LIMITED
REGISTERED NUMBER: 02979200

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
                                                                    Note
£
£

Fixed assets
  

Tangible assets
 4 
500,000
1,051,665

Investments
 5 
2,867
2,867

Investment property
 6 
1,250,000
1,200,000

  
1,752,867
2,254,532

Current assets
  

Debtors: amounts falling due within one year
 7 
553,816
570,973

Current asset investments
 8 
1,062,772
977,101

Cash at bank and in hand
  
1,324,795
1,318,861

  
2,941,383
2,866,935

Creditors: amounts falling due within one year
 9 
(357,008)
(392,678)

Net current assets
  
 
 
2,584,375
 
 
2,474,257

Total assets less current liabilities
  
4,337,242
4,728,789

Provisions for liabilities
  

Deferred tax
 10 
(315,622)
(281,704)

Net assets
  
4,021,620
4,447,085


Capital and reserves
  

Called up share capital 
  
1,000,002
1,000,002

Revaluation reserve
  
963,507
1,435,563

Profit and loss account
  
2,058,111
2,011,520

  
4,021,620
4,447,085


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

Page 1

 
TELEVISION RIGHTS LIMITED
REGISTERED NUMBER: 02979200
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 27 June 2025.




K S Macmillan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Television Rights Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Long Meadow Farm, Aston Hill, Aston Clinton, Nr Halton, Bucks, HP22 5NQ.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 3

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost (or deemed cost) less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Land and buildings are stated at cost (or deemed cost for land and buildings held at valuation at the date of transition to FRS 102) less accumulated depreciation and accumulated impairment losses.

Page 4

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
60 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in in the Statement of comprehensive income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Listed investments are measured at fair value. Changes in fair value are recognised in the Statement of Comprehensive Income. 

 
2.8

Debtors

Short term debtors are measured at transaction price.

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Land and buildings

£



Valuation


At 1 October 2023
1,051,665


Revaluations
(551,665)



At 30 September 2024

500,000






Net book value



At 30 September 2024
500,000



At 30 September 2023
1,051,665




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
500,000
1,051,665


Page 6

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 October 2023
1,049,700
2,867
1,052,567



At 30 September 2024

1,049,700
2,867
1,052,567



Impairment


At 1 October 2023
1,049,700
-
1,049,700



At 30 September 2024

1,049,700
-
1,049,700



Net book value



At 30 September 2024
-
2,867
2,867



At 30 September 2023
-
2,867
2,867


6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,200,000


Surplus on revaluation
50,000



At 30 September 2024
1,250,000

The 2024 valuations were made by directors, on an open market value for existing use basis.




Page 7

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Other debtors
500,585
539,244

Prepayments and accrued income
53,231
31,729

553,816
570,973



8.


Current asset investments

2024
2023
£
£

Unlisted investments
1,062,772
977,101


The listed investments are held at fair value. The historical cost of the listed investments are £501,370 (2023 - £501,370).


9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,754
14,471

Other creditors
345,534
374,487

Accruals
3,720
3,720

357,008
392,678


Page 8

 
TELEVISION RIGHTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(281,704)
(280,590)


Utilised in year
(33,918)
(1,114)



At end of year
(315,622)
(281,704)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gain on revaluation of investment property
(188,223)
(175,724)

Unrealised gain on listed investments
(127,399)
(105,980)

(315,622)
(281,704)


11.


Related party transactions

At the year-end, the Company owed £31,646 (2023 -  £62,993) to the director.

 
Page 9