Channel I (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06308862

Channel I (UK) Limited

Filleted Financial Statements

31 July 2025

Channel I (UK) Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	74,254	142,665

Current assets

Debtors	6	245,661	518,473
Cash at bank and in hand		439,670	370,187
		---------	---------
		685,331	888,660

Creditors: amounts falling due within one year	7	569,811	854,778
		---------	---------
Net current assets		115,520	33,882
		---------	---------
Total assets less current liabilities		189,774	176,547
		---------	---------

Capital and reserves

Called up share capital	1	1
Share premium account	250,000	250,000
Profit and loss account	( 60,227)	( 73,454)
	---------	---------
Shareholders funds	189,774	176,547
	---------	---------

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 income and retained earnings has not been delivered.

The directors acknowledge their 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 were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Imam Qasim Rashid Ahmad

Director

Company registration number: 06308862

Channel I (UK) Limited

Notes to the Financial Statements

Year ended 31 July 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 109-117 Cherry Orchard Road, Croydon, Surrey, CR0 6BE.

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, together with sponsorships and donations.

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:

Leasehold Property	-	over the period of the lease
Media equipment	-	20% straight line
Fixtures, fittings and equipment	-	20% straight line
Motor vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 12 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures, fittings & equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 August 2024	236,944	801,193	360,232	117,650	1,516,019
Additions	–	–	8,565	–	8,565
	---------	---------	---------	---------	------------
At 31 July 2025	236,944	801,193	368,797	117,650	1,524,584
	---------	---------	---------	---------	------------
Depreciation
At 1 August 2024	209,150	769,234	320,448	74,522	1,373,354
Charge for the year	17,490	18,386	22,282	18,818	76,976
	---------	---------	---------	---------	------------
At 31 July 2025	226,640	787,620	342,730	93,340	1,450,330
	---------	---------	---------	---------	------------
Carrying amount
At 31 July 2025	10,304	13,573	26,067	24,310	74,254
	---------	---------	---------	---------	------------
At 31 July 2024	27,794	31,959	39,784	43,128	142,665
	---------	---------	---------	---------	------------

	2025	2024
	£	£
Allocation of Depreciation
Cost of goods sold (media equipment)	61,581	76,749
Administration	15,395	19,187
	--------	--------
	76,976	95,936
	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	205,000	470,000
Other debtors	40,661	48,473
	---------	---------
	245,661	518,473
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	26,155	35,738
Amounts owed to group undertakings and undertakings in which the company has a participating interest	529,739	805,354
Social security and other taxes	8,917	7,344
Other creditors	5,000	6,342
	---------	---------
	569,811	854,778
	---------	---------

8. Summary audit opinion

The auditor's report dated 29 April 2026 was unqualified .

The senior statutory auditor was Stephen Seifert BA FCA , for and on behalf of Elliot, Woolfe & Rose Audit and Advisory Services LLP .

9. Related party transactions

During the year the company made sales to Al-Khair Foundation amounting to £1,294,887 (2024: £1,444,815).The company is also a wholly owned subsidiary of Al-Khair Foundation.

10. Controlling party

The ultimate parent undertaking is Al-Khair Foundation , a company incorporated in England and Wales.