Company registration number: 12091295
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024
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 income and retained earnings 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 by:
The notes on pages 2 to 4 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Tabii 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
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:
Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise.
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise.
The directors have assessed the financial performance and likely future cash flow requirements of Tabii Limited at the date of approving these financial statements. Currently Tabii Limited is not generating sufficient cash flows to continue to be a going concern for 12 months from the date of approval of these financial statements and is therefore reliant on financial support from its parent company, The Turkish Radio and Television Corporation ("TRT"), a Turkish state-owned entity, to meet its day-to-day working capital requirements.
TRT has historically been profitable and has been providing financial support to Tabii Limited. Based on the latest financial information made available by TRT, the parent company has sufficient funds available to continue to support Tabii Limited. TRT has confirmed their willingness and ability to support Tabii Limited for the foreseeable future for a period of at least 12 months from the date of approval of these financial statements. The directors are satisfied the parent company is able to provide such support as needed.
On this basis, the directors, having made appropriate enquiries, consider that Tabii Limited has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, the directors do not consider there to be any material uncertainty relating to Tabii Limited’s ability to continue as a going concern and thus continue to adopt the going concern basis in preparing these financial statements.
TRT has historically been profitable and has been providing financial support to Tabii Limited. Based on the latest financial information made available by TRT, the parent company has sufficient funds available to continue to support Tabii Limited. TRT has confirmed their willingness and ability to support Tabii Limited for the foreseeable future for a period of at least 12 months from the date of approval of these financial statements. The directors are satisfied the parent company is able to provide such support as needed.
On this basis, the directors, having made appropriate enquiries, consider that Tabii Limited has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, the directors do not consider there to be any material uncertainty relating to Tabii Limited’s ability to continue as a going concern and thus continue to adopt the going concern basis in preparing these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
2.Accounting policies (continued)
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.
Turnover 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 generated via the intercompany recharge of costs on an annual basis and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation for the year comprises current and deferred tax. Tax is recognized in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognized 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.
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.
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.
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.
The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
Turnover is wholly attributable to the intercompany recharge of costs to The Turkish Radio Television Corporation ("TRT"), its ultimate parent company, as detailed in note 7.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
The Parent of the smallest group for which consolidated financial statements are drawn up is The Turkish Radio Television Corporation (TRT) . The address of their registered office is: DumlupInar Mah, Turan Günes Blv. No:199, 06550 Çankaya/Ankara.
The audit report was signed on 16 September 2025 by Hezelina Hashim (Senior Statutory Auditor) on behalf of Menzies LLP .
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