Registered number: 15242116
Registered number: 15242116 Roughcut Television (LD) Limited UnauditedFinancial StatementsInformation For Filing With The RegistrarFor the year ended 30 April 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Contents
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Roughcut Television (LD) Limited Company information DirectorsA A Atalla Company secretaryT J Sealey Registered number15242116 Registered officeBischheim House 19-20 Berners Street AccountantsMoore Kingston Smith LLP 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Directors' report For the year ended 30 April 2026 Directors' responsibilities statement
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small companies exemption This report was approved by the board and signed on its behalf:
Date: 24 August 2026 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Registered number: 15242116 Balance sheet As at 30 April 2026
For the year ending 30 April 2026, the Company was entitled to exemption from 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 Companies Act 2006. 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 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 Single statement of comprehensive income in accordance with the 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: 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Registered number: 15242116 Balance sheet As at 30 April 2026
Date: 24 August 2026 The notes on pages 7 to 13 form part of these financial statements. 5 |
Roughcut Television (LD) Limited Statement of changes in equity
The notes on pages 7 to 13 form part of these financial statements. 6 |
Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 1. General information Roughcut Television (LD) Limited is a private company limited by shares and is incorporated in England & Wales. The address of its registered office is Bischheim House 19-20 Berners Street, London, W1T 3NW. The principal activity of the Company is television programme production. 2. Accounting policies The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated. a. Basis of preparation of financial statements The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) 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 judgement in applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note #. The Company's functional and presentational currency is the Pound Sterling. b. Going concern At the time of approving the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements. c. Foreign currency translation Transactions in currencies other than Pounds Sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the profit or loss. 7 | ||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 2. Accounting policies continued d. Turnover Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered. Advances received under distribution agreements are recognised as income over the distribution licence period when income is earned from the licensed production. The amount of any advances not recoupable out of future income is recognised as income in the year. Non-refundable advances are recognised once initial contractual obligations have been fulfilled. 8 | ||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 2. Accounting policies continued e. Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. 9 | ||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 2. Accounting policies continued f. Work in progress Work in progress relates to direct production costs, net of tax credits, subsidies and grants, incurred on productions not delivered during the period. Production costs are recognised in the profit and loss accounts as soon as the programme is delivered and the related production revenue is recognised. g. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'. 10 | ||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 2. Accounting policies continued h. 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 payments 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. 11 | ||||||||||||||||||||||||||||||||||||||||||
Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 2. Accounting policies continued h. Financial instruments continued Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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. 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. 3. Employees The average monthly number of employees, including the Directors, during the year was as follows:
4. Debtors
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Roughcut Television (LD) Limited Notes to the financial statements For the year ended 30 April 2026 5. Creditors
6. Share capital
7. Related party transactions The Company has taken advantage of the FRS102 1A exemption from disclosing transactions between a wholly owned subsidiary and the parent company. 8. Parent undertaking The immediate and ultimate parent company is Roughcut Television Limited, a company incorporated in England and Wales. 13 |