| Registered Number:12584471 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Salamanda Media Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Salamanda Media Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
702
3,284
2
702
3,284
| Trade and other receivables |
28,978
55,291
3
715,742
| Cash and cash equivalents |
112,929
168,220
744,720
| Trade and other payables: amounts falling due within one year |
(384,426)
(81,933)
4
360,294
86,287
Net current assets
| Total assets less current liabilities |
86,989
363,578
| Trade and other payables: amounts falling due after more than one |
| year |
(225,000)
(250,000)
5
(163,011)
Net assets/liabilities
138,578
3
3
499,999
499,999
(663,013)
(361,424)
(163,011)
138,578
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mrs Amanda De Freitas Director |
| These financial statements were approved and authorised for issue by the Board on 26 September 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 5
For the year ended 31 December 2024
Salamanda Media Ltd
Notes to the Financial Statements
Statutory Information
| Salamanda Media Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 12584471. |
| Principal place of business: |
C/O Flix Facilities, Jackson House
112 Broadway
Salford
England
M50 2UW
135 Church Street
Horwich
Bolton
BL6 7BR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The |
| financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Significant judgements and estimates
| In the application of the company's accounting policies, the directors are 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. Going ConcernThe shareholders have indicated their continuing support for the business and therefore the financial statements have been prepared on a going concern basis. The financial statements do not reflect any adjustments that would result from a withdrawal of this support. |
Revenue recognition
| 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. Revenue represents amounts earned during the year through the production of television programmes which is recognised in line with contractual obligations and net of VAT. |
2 of 5
For the year ended 31 December 2024
Salamanda Media Ltd
Notes to the Financial Statements Continued
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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 not be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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 rates and laws that have been enacted or substantively enacted |
| by the Statement of Financial Position date. |
Impairment of Assets
| At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an |
| impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and |
| compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its |
| recoverable amount and an impairment loss is recognised immediately in the profit or loss. |
| If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its |
| recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in |
| prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss. |
Basic Financial Instruments
| Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured |
| initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received |
| less impairment losses for bad and doubtful debts. |
3 of 5
For the year ended 31 December 2024
Salamanda Media Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
15,628
12,813
2,815
2,815
12,813
15,628
| Provision for depreciation and impairment |
12,344
9,842
2,502
Charge for year
2,582
2,269
313
14,926
12,111
2,815
-
702
702
313
2,971
3,284
| 3. Trade and other receivables |
2023
2024
7,395
12,204
| Prepayments and accrued income |
47,896
16,774
28,978
55,291
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
20,508
31,128
| Taxation and social security |
32,267
206,488
| Accruals and deferred income |
29,104
120,640
54
26,170
81,933
384,426
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
250,000
225,000
4 of 5
For the year ended 31 December 2024
Salamanda Media Ltd
Notes to the Financial Statements Continued
| 6. Related party transactions |
| Other creditors falling due after more than one year is made up of loans from Channel 4 Investments Ltd, a shareholder in |
| Salamanda Media Ltd. The outstanding balance on the loans at the end of the year was £250,000 (2023: £250,000). Interest is |
| being charged on these loans at market rate. |
| 7. Average number of persons employed |
During the year the average number of employees including directors was 8 (2023 : 11)
5 of 5