Company registration number 14198293 (England and Wales)
TV INVEST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
TV INVEST LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TV INVEST LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
2,095,909
2,095,909
Current assets
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
5
(32,882)
(53,965)
Net current liabilities
(32,881)
(53,964)
Total assets less current liabilities
2,063,028
2,041,945
Creditors: amounts falling due after more than one year
6
(1,269,601)
(1,721,075)
Net assets
793,427
320,870
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
793,426
320,869
Total equity
793,427
320,870

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 4 March 2026
Mr T Veber
Director
Company registration number 14198293 (England and Wales)
TV INVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

TV Invest Limited is a private company limited by shares incorporated in England and Wales. The registered office is Flat 4, 1 Eton Avenue, London, NW3 3EL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future. This basis may not be appropriate due to net current liabilities at the balance sheet date. The director is of the opinion that the company will trade profitably in the future and the company will receive financial support from its director and shareholder.

If this basis were to found not to be appropriate assets and liabilities would need to be restated on a break up basis which would not be materially different.

1.3
Revenue

Revenue comprises dividends received from investments held.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TV INVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

TV INVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
2,095,909
2,095,909

Fixed asset investments represent share investments made to unquoted trading companies in the European Union.

The company owns an investment which indirectly represents a 0.50% participation in Astorg Group Sarl, a company incorporated in Luxembourg.

The historical cost of the investment is £2,095,909 (€2,500,000).

5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
32,882
53,965
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,269,601
1,721,075
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
TV INVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
8
Related party transactions

Included within other creditors plus one year is £1,269,601 (€1,482,1 32) (202 4 - £1,721,075 (€2,030,18 0)) owed to Astorg VI (GP) Sarl, a company incorporated in Luxembourg, which is part of the same group in which the company holds an investment. This loan is unsecured and will be repaid by the dividends received from the company's investment until the loan and any interest owing have been repaid in full. As the amount of dividends likely to be received is difficult to predict the loan is showing as being due for repayment in excess of one year.

During the year interest of £39,128 (€46,737) (202 4 - £52,478 (€6 1,072)) was charged to the company by Astorg VI (GP) Sarl at a rate of 3% per annum. At 30 June 202 5 accrued interest of £29,387 (€34,307) (202 4 - £5 1,774 (€6 1,072) was included within other creditors due within one year.

During the year the company received dividends of £516,151 (€621,550) (202 4 - £467,315 (€539,067)) from A. Partners 1 Sarl, a company incorporated in Luxembourg in which the company holds its investment.

9
Directors' transactions

Dividends totalling £0 (2024 - £0) were paid in the year in respect of shares held by the company director.

Included within other creditors is £2,411 owed by the company to the director, Mr T Veber. This amount is unsecured, interest free and repayable on demand.

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Mr T Veber - director
-
-
2,411
2,411
-
2,411
2,411
10
Controlling party

The company is controlled by the director Mr T Veber by virtue of his holding 100% of the issued share capital of the company.

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