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Registered number: 15171254
ZEE ENTERTAINMENT UK LIMITED
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2026
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ZEE ENTERTAINMENT UK LIMITED
Registered number: 15171254
Statement of financial position
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 April 2026.
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Parul Goel
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The notes on pages 4 to 11 form part of these financial statements.
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ZEE ENTERTAINMENT UK LIMITED
Registered number: 15171254
Statement of financial position (continued)
As at 31 March 2026
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ZEE ENTERTAINMENT UK LIMITED
Statement of changes in equity
For the Year Ended 31 March 2026
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Shares issued during the year
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Total transactions with owners
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Comprehensive income for the year
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Total comprehensive income for the year
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Total transactions with owners
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The notes on pages 4 to 11 form part of these financial statements.
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
Zee Entertainment UK Limited is a company, limited by shares, registered in England and Wales. The company registered number is 15171254 and has its registered office address at Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, England, HA7 1JS.
The principal activity of the Company is distributing television channels and content.
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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of ZEE Entertainment Enterprises Limited as at 31 March 2026 and these financial statements may be obtained from 18th Floor, A Wing, Marathon Futurex, N.M. Josh Marg, Lower Parel, Mumbai, 400013, India.
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
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.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Turnover represents subscription income, advertising revenue and syndication income earned from the provision of services in the ordinary course of the Company’s activities, stated net of value added tax and discounts.
Subscription income is recognised on a straight-line basis over the period in which television broadcasting services are provided to subscribers. Amounts received in advance are deferred and recognised as income over the period to which they relate.
Advertising revenue is recognised when the Company has fulfilled its performance obligations, being the broadcast of advertisements, with revenue recognised upon the final telecast in accordance with contractual terms.
Syndication income is recognised upon delivery of content to customers, when control has transferred and the Company has satisfied its performance obligations. In determining the appropriate amount of revenue to recognise, consideration is given to whether the Company is acting as principal or agent. Where the Company acts as principal, revenue is recognised on a gross basis; where it acts as agent, revenue is recognised on a net basis.
Revenue is recognised only when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably.
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Interest income is recognised in profit or loss using the effective interest method.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Computers - Servers and networks equipment
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
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Judgments in applying accounting policies and key sources of estimation uncertainty
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In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions.
The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.
Critical judgments
The preparation of the financial statements in conformity with FRS 102 requires management to make judgments in applying the Company’s accounting policies. The critical judgments that have the most significant effect on the amounts recognised in the financial statements are as follows:
Principal or Agent
Judgemental is required in determining whether the Company is acting as principal or agent in arrangements relating to royalty and licence income received from third parties and group undertakings. This assessment impacts whether revenue is recognised on a gross or net basis and is based on an evaluation of the Company’s role in the transaction, including control over the underlying goods or services and exposure to significant risks and rewards.
Provision of trade debtors
Judgemental is applied in assessing the recoverability of trade debtors and the appropriateness of any provision for expected credit losses. This includes consideration of historical collection experience, ageing profiles and specific customer circumstances.
Key sources of estimation uncertainty
The key assumptions concerning the future and other sources of estimation uncertainty at the reporting date, which have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are as follows:
Subscription management cost
Subscription income relating to Zee5 is collected by third-party platforms which deduct administration fees prior to remittance. The associated costs are estimated based on the difference between gross billings and cash receipts, requiring management to apply judgemental in determining the appropriate level of charges.
Accrued income
At the reporting date, invoices had not been raised for certain income streams relating to March 2025. Accordingly, accrued income has been estimated based on historical trends and recent billing patterns. Actual amounts may differ from these estimates.
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The average monthly number of employees, including the director, during the year was as follows:
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
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Charge for the year on owned assets
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Investments in subsidiary companies
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Other taxation and social security
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ZEE ENTERTAINMENT UK LIMITED
Notes to the financial statements
For the Year Ended 31 March 2026
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,221 (2025: £8,616).
No contributions were payable to the fund at the balance sheet date (2025: £nil).
The parent undertaking of the largest group which includes the company and for which group financial statements are prepared is Zee Entertainment Enterprises Limited, a company incorporated in India. The parent undertaking of the smallest group is Asia Today Limited, a company incorporated in Mauritius.
The directors regard Zee Entertainment Enterprises Ltd as the ultimate parent undertaking. Asia Today Limited is the immediate parent company.
The auditors' report on the financial statements for the year ended 31 March 2026 was unqualified.
The audit report was signed on 23 April 2026 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.
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