COMPANY REGISTRATION NUMBER:
11923286
|
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
2 to 3 |
|
|
|
Statement of Financial Position |
|
31 December 2025
Current assets
|
Debtors |
4 |
8,615 |
14,994 |
|
Cash at bank and in hand |
57,899 |
34,613 |
|
-------- |
-------- |
|
66,514 |
49,607 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
82,431) |
(
57,864) |
|
-------- |
-------- |
|
Net current liabilities |
(
15,917) |
(
8,257) |
|
-------- |
------- |
|
Total assets less current liabilities |
(
15,917) |
(
8,257) |
|
-------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
6 |
100 |
100 |
|
Profit and loss account |
(
16,017) |
(
8,357) |
|
-------- |
------- |
|
Shareholders deficit |
(
15,917) |
(
8,257) |
|
-------- |
------- |
|
|
|
|
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.
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act 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
17 August 2026
, and are signed on behalf of the board by:
Company registration number:
11923286
|
Notes to the Financial Statements |
|
Year ended 31 December 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 St Hilary Transmitter, St Hilary, Cowbridge, Vale of Glamorgan, CF71 7DP, Wales.
2.
Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The company is dependent upon its parent company and fellow subsidiaries for financial support. The directors have prepared cash flow forecasts for the forthcoming 12 months. The company has net current liabilities of £15,917 (2024 - £8,257). The board has received appropriate assurance from Nation Broadcasting Limited that it will continue to provide financial and other support to the company for the foreseeable future to enable it to meet its liabilities as they fall due. On this basis, the directors consider it appropriate to prepare financial statements on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
8,615 |
14,593 |
|
Other debtors |
– |
401 |
|
------- |
-------- |
|
8,615 |
14,994 |
|
------- |
-------- |
|
|
|
Other debtors include an amount of £nil (2024 - £nil) falling due after more than one year.
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
52,288 |
26,860 |
|
Social security and other taxes |
81 |
103 |
|
Other creditors |
30,062 |
30,901 |
|
-------- |
-------- |
|
82,431 |
57,864 |
|
-------- |
-------- |
|
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
7.
Related party transactions
During the year the company was under the control of Nation Broadcasting Limited a company of which
J.S. Bryant
is executive chairman and majority shareholder. During the year the company has traded at an arms length basis with other subsidiaries of Nation Broadcasting Limited. The company has claimed the exemption under FRS 102 Section 33 not to disclose the value of intergroup transactions with other wholly owned subsidiaries.
8.
Controlling party
The company is a 70% subsidiary of Nation Broadcasting Limited, a company registered in England and Wales. Group accounts are not prepared because the group is small and is not an ineligible group as defined in Section 384 of the Companies Act 2006.