| Pololine TV Limited |
| Registered number: |
11035060 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
|
|
|
4,054 |
|
|
3,155 |
|
| Current assets |
| Debtors |
3 |
|
57,469 |
|
|
66,906 |
| Cash at bank and in hand |
|
|
72,905 |
|
|
41,765 |
|
|
|
130,374 |
|
|
108,671 |
|
| Creditors: amounts falling due within one year |
4 |
|
(16,543) |
|
|
(98,348) |
|
| Net current liabilities |
|
|
|
113,831 |
|
|
10,323 |
|
| Total assets less current liabilities |
|
|
|
117,885 |
|
|
13,478 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(699,406) |
|
|
(645,284) |
|
|
|
| Net liabilities |
|
|
|
(581,521) |
|
|
(631,806) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(581,621) |
|
|
(631,906) |
|
| Shareholders' funds |
|
|
|
(581,521) |
|
|
(631,806) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Sebastian Amaya |
| Director |
| Approved by the board on 11 July 2026 |
|
| Pololine TV Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
over 3 years |
|
Motor Vehicles |
over 3 years |
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
57,369 |
|
64,215 |
|
Other debtors |
100 |
|
2,691 |
|
|
|
|
|
|
57,469 |
|
66,906 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
4,179 |
|
6,723 |
|
Obligations under finance lease and hire purchase contracts |
1,754 |
|
4,119 |
|
Trade creditors |
154 |
|
4,243 |
|
Other creditors |
- |
|
83,263 |
|
|
|
|
|
|
16,543 |
|
98,348 |
|
|
|
|
|
|
|
|
|
|
The bank loan is a Business Bounce Back Loan and is repayable in equal monthly instalments over 5 years from May 2021. The loan bears interest at 2.5% per annum. |
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
3,668 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
1,766 |
|
Other creditors |
699,406 |
|
639,850 |
|
|
|
|
|
|
699,406 |
|
645,284 |
|
|
|
|
|
|
|
|
|
|
|
|
Included in other creditors are directors & shareholder loans. Details of these loans are given in note 6 & 7 |
|
| 6 |
Loans from directors |
|
Description and conditions |
B/fwd |
Provided |
|
Exchange Difference |
C/fwd |
| £ |
£ |
£ |
£ |
|
Sebastian Amaya |
|
Short Term Loan Provided |
22,222 |
|
|
|
- |
|
22,222 |
|
Andrew Hine |
|
Loan provided (see note 7) |
127,748 |
|
|
|
(2,476) |
|
125,272 |
|
|
149,970 |
|
- |
|
(2,476) |
|
147,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
In 2019 a term loan of $450,000 was provided by a shareholder, B.Grimm & Co. Ltd, who are based in Thailand. The loan is for working capital purposes and was initially repayable on 31 December 2020. However, by agreement, the repayment date for the loan has been extended to 31 December 2026. The loan bore interest at 5% per annum until 31 December 2020, but after that date no further interest accrues. Accrued interest becomes payable on the redemption date. The amount of interest charged in these accounts was £nil (2024: £nil). At the year end the balance of the loan, including accrued interest, was £371,347 (2024: £376,687). |
|
In 2019 a term loan of $150,000 was provided by a shareholder based in Thailand. The loan is for working capital purposes and was initially repayable on 31 December 2020. However, by agreement, the repayment date for the loan has been extended to 31 December 2026. The loan bore interest at 5% per annum until 31 December 2020, but after that date no further interest accrues. Accrued interest becomes payable on the redemption date. The amount of interest charged in these accounts was £nil (2024: £nil). At the year end the balance of the loan, including accrued interest, was £130,827 (2024: £133,418). The shareholder has also provided a short term loan of £51,305 (2024 £51,305) which will be repaid when the company's cash flow allows. |
|
|
In 2019 a term loan of $150,000 was provided by a shareholder and director, Andrew Hine. The loan is for working capital purposes and was initially repayable on 31 December 2020. However, by agreement, the repayment date for the loan has been extended to 31 December 2026. The loan bore interest at 5% per annum until 31 December 2020, but after that date no further interest accrues. Accrued interest becomes payable on the redemption date. The amount of interest charged in these accounts was £nil (2024: £nil). At the year end the balance of the loan, including accrued interest, was £125,272 (2023: £127,748). |
| 8 |
Other information |
|
|
Pololine TV Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Chalk Pit Farm |
|
Theale |
|
Reading |
|
RG7 5EE |