LOCAL TV LIMITED

Company Registration Number:
07191714 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

LOCAL TV LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

LOCAL TV LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 30,958 14,360
Investments: 4 1,955,912 455,912
Total fixed assets: 1,986,870 470,272
Current assets
Debtors:   2,289,721 2,280,636
Cash at bank and in hand: 17,597 62,096
Total current assets: 2,307,318 2,342,732
Creditors: amounts falling due within one year:   (1,471,360) (765,261)
Net current assets (liabilities): 835,958 1,577,471
Total assets less current liabilities: 2,822,828 2,047,743
Creditors: amounts falling due after more than one year:   (2,688,408) (2,688,408)
Total net assets (liabilities): 134,420 (640,665)
Capital and reserves
Called up share capital: 1,122,110 1,122,110
Share premium account: 14,675,312 14,675,312
Profit and loss account: (15,663,002) (16,438,087)
Shareholders funds: 134,420 (640,665)

The notes form part of these financial statements

LOCAL TV LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 September 2025
and signed on behalf of the board by:

Name: Lesley Ann Mackenzie
Status: Director

The notes form part of these financial statements

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 22 22

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 1,686,446
Additions 25,015
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2025 1,711,461
Depreciation
At 01 April 2024 1,672,086
Charge for year 8,417
On disposals 0
Other adjustments 0
At 31 March 2025 1,680,503
Net book value
At 31 March 2025 30,958
At 31 March 2024 14,360

LOCAL TV LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Fixed investments

25% Depreciation