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ALAIN ELKANN INTERVIEWS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The company's legal form is that of a private limited liability company incorporated in England and Wales. The company's registered office is 2nd Floor Connaught House, 1-3 Mount Street (Entrance Via Davies Street), London, United Kingdom, W1K 3NB.
The principal activity of the company is that of publishing interviews and delivery of podcasts.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The company made a profit for the financial year of £13,084, however at the Statement of Financial Position date it still had net liabilities of £10,955. One of the directors, who is also the sole shareholder, has provided an interest free loan to the company which amounted to £40,341 at the reporting date and has confirmed that he will continue to provide financial support to the company for the foreseeable future. In forming their view on going concern, the directors have considered cash flow forecasts and the ongoing financial support of this director. On this basis, the directors are satisfied that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis..
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is £ Sterling.
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.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
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