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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
HTM (TP) Limited is a private limited liability company registered in England and Wales. Its registered office address is at 7 Savoy Court, London, United Kingdom, WC2R 0EX.
The principal activity of the Company is that of creation of content for broadcast media.
The Company's functional and presentational currency is £ sterling.
2.Accounting policies
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Basis of preparation of financial statements
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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:
At the Statement of Financial Position date the company had net current liabilities and net liabilities. The directors have obtained assurance from the shareholders that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Accordingly the accounts have been prepared on a going concern basis.
Turnover comprises income receivable in respect of television production, exclusive of Value Added Tax.
Production turnover is recognised on the delivery of the related programme.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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 reporting date in the countries where the Company operates and generates income.
Project costs carried forward under work in progress, represent costs incurred on projects during the period until when they are complete and delivered, such costs are stated at the lower of cost and estimated net reaslisable value.
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