T.V.CARTOONS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00480625

T.V.CARTOONS LIMITED

Filleted Unaudited Financial Statements

31 March 2025

T.V.CARTOONS LIMITED

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	1	1
Investments	7	492,339	473,735
		---------	---------
		492,340	473,736

Current assets

Debtors	8	3,634	16,183
Cash at bank and in hand		7,440	26,352
		--------	--------
		11,074	42,535

Creditors: amounts falling due within one year	9	2,494		2,067
		--------		--------
Net current assets			8,580	40,468
			---------	---------
Total assets less current liabilities			500,920	514,204

Provisions

Taxation including deferred tax	24,687	17,678
	---------	---------
Net assets	476,233	496,526
	---------	---------

Capital and reserves

Called up share capital		980	980
Share premium account	11	2,574	2,574
Other reserves	11	112,855	82,972
Profit and loss account	11	359,824	410,000
		---------	---------
Shareholders funds		476,233	496,526
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

T.V.CARTOONS LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 July 2025 , and are signed on behalf of the board by:

G Capsomidis

Director

Company registration number: 00480625

T.V.CARTOONS LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 792 Wickham Road, Croydon, Surrey, CR0 8EA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 April 2024 and 31 March 2025	1,000
	-------
Amortisation
At 1 April 2024 and 31 March 2025	999
	-------
Carrying amount
At 31 March 2025	1
	-------
At 31 March 2024	1
	-------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	765	765
	----	----
Depreciation
At 1 April 2024 and 31 March 2025	765	765
	----	----
Carrying amount
At 31 March 2025	–	–
	----	----
At 31 March 2024	–	–
	----	----

7. Investments

	Listed investments
	£
Cost
At 1 April 2024	473,735
Additions	19,713
Revaluations	36,891
Transfers	(38,000)
	---------
At 31 March 2025	492,339
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	492,339
	---------
At 31 March 2024	473,735
	---------

£ £

8. Debtors

	2025	2024
	£	£
Trade debtors	–	10,127
Other debtors	3,634	6,056
	-------	--------
	3,634	16,183
	-------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	334	1,592
Other creditors	2,160	475
	-------	-------
	2,494	2,067
	-------	-------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	24,687	17,678
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of financial assets	24,687	17,678
	--------	--------

11. Reserves

	2025	2024
	£	£
Called up share capital	980	980
Share premium account	2,574	2,574
Other reserves	112,855	82,972
Profit and loss for the year	(6,176)	(11,167)
Profit and loss account	366,000	421,167
	---------	---------
Shareholders funds	476,233	496,526
	---------	---------

12. Fair value reserve

The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:

	2025	2024
	£	£
At start of year	82,972	70,830
Fair value movement on listed investment	36,892	14,990
Tax relating to components of other comprehensive income	( 7,009)	( 2,848)
	---------	--------
At end of year	112,855	70,830
	---------	--------

13. Directors' advances, credits and guarantees

	2025	2024
	£	£
(advances)/credits
Director Loan Accounts	(3,634)	(6,056)
	-------	-------