Rutland Weekend Television Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1363096

Rutland Weekend Television Limited

Filleted Unaudited Financial Statements

31 December 2024

Rutland Weekend Television Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Statement of changes in equity	3

Notes to the financial statements	4

Rutland Weekend Television Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	6		144	144

Current assets

Debtors	7	123,419	75,378
Cash at bank and in hand		150,538	188,333
		---------	---------
		273,957	263,711

Creditors: amounts falling due within one year	8	( 165,823)		( 155,577)
		---------		---------
Net current assets			108,134	108,134
			---------	---------
Total assets less current liabilities			108,278	108,278
			---------	---------
Net assets			108,278	108,278
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	108,178	108,178
	---------	---------
Shareholders funds	108,278	108,278
	---------	---------

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 income statement has not been delivered.

For the year ending 31 December 2024 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 .

Rutland Weekend Television Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 3 November 2025 , and are signed on behalf of the board by:

E Idle
Director

Company registration number: 1363096

Rutland Weekend Television Limited

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 January 2023	100	104,768	104,868

Profit for the year		3,410	3,410
	----	---------	---------
Total comprehensive income for the year	–	3,410	3,410

At 31 December 2023	100	108,178	108,278

Profit for the year		–	–

	----	---------	---------
At 31 December 2024	100	108,178	108,278
	----	---------	---------

Rutland Weekend Television Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Field Green Oast, Sponden Lane, Sandhurst, Cranbrook, Kent, TN18 5NP.

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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors the company is a going concern as it is considered to have sufficient financial resources to be able to continue trading for at least the next twelve months.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102 Section 1A: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable in respect of royalties, stated net of discounts and of Value Added Tax.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

	Fixtures & Fittings	-	33% straight line

Investments

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Trade and other debtors Trade and other debtors are initially recorded at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, receivables are stated at cost less impairment losses for bad and doubtful debts. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provision Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	677	677
	----	----
Depreciation
At 1 January 2024 and 31 December 2024	677	677
	----	----
Carrying amount
At 31 December 2024	–	–
	----	----
At 31 December 2023	–	–
	----	----

6. Investments

	Shares in group undertakings	Other loans	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	2	142	144
	----	----	----
Impairment
At 1 January 2024 and 31 December 2024	–	–	–
	----	----	----

Carrying amount
At 31 December 2024	2	142	144
	----	----	----
At 31 December 2023	2	142	144
	----	----	----

The company owns 16.667% of the capital of the Monty Python Begging Bowl Partnership (registered at the same office as the company). The investment has been included at cost.

The company also has an investment in a subsidiary undertaking. The company owns 100% of the issued share capital of Rutland Weekend Television (International) Limited, a company registered in England and Wales. The principal activity of this company is the exploitation of artistes' services outside the UK. The investment has been shown at cost.

The registered office address of both investments is Field Green Oast, Sponden Lane, Sandhurst, Cranbrook, Kent, TN18 5NP.

7. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,022	13,022
Other debtors	121,397	62,356
	---------	--------
	123,419	75,378
	---------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	–	61
Social security and other taxes	508	16,858
Other creditors	165,315	138,658
	---------	---------
	165,823	155,577
	---------	---------

9. Related party transactions

The company was under the control of E. Idle throughout the current and previous year. E. Idle is a director and majority shareholder. During the year the company provided Artistes' services to Python (Monty) Pictures Limited, a company in which E. Idle owns 16.67% of the ordinary share capital, amounting to £125,896 (2023 - £94,296). At the balance sheet date, an amount of £100,000 was owed to the company (2023 - £58,444). Included within other creditors is a balance due to E. Idle, a director of the company, of £88,874 (2023 - £16,358) and a balance due to T. Idle, a director of the company, of £22,270 (2023 - £20,770). These loans are repayable on demand. No interest is payable on these loans.