yorkshire radio accounts year ended june 2010

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Company registration no. 02936757

Yorkshire Radio Limited

Abbreviated Financial Statements

Year ended 30 June 2010

COMPANIES HOUSE




INDEPENDENT AUDITORS' REPORT TO YORKSHIRE RADIO LIMITED UNDER

SECTION 449 OF THE COMPANIES ACT 2006

We have examined the abbreviated accounts set out on pages 2 to 4, together with the financial statements of Yorkshire

Radio Limited for the year ended 30 June 2010 prepared under section 396 of the Companies Act 2006

Respective responsibil ities of directors and auditorsThe directors are responsible for preparing the abbreviated financial statements In accordance with section 444 of theCompanies Act 2006 It ISour responsibili ty to form an Independent opiruon as to whether the company IS entitled todeliver abbreviated financial statements to the Registrar of Companies and whether the abbreviated financialstatements have been properly prepared In accordance with the regulations made under that section and to report ouropmion to you

This report, including the opmion, has been prepared for and only for the company for the purpose of section 449 of theCompanies Act 2006 and for no other purpose To the fullest extent permitted by law, we do not, In giVing this oprruon,

accept or assume responsibil ity for any other purpose or to any other person to whom this report ISshown or Intowhosehands It may come save where expressly agreed by our prior consent In wntlng

BaSISof oprruon

We conducted our work In accordance with Bulletin 2008/4 Issued by the Auditing Practices Board In accordance with

that Bulletin we have earned out the procedures we consider necessary to confirm, by reference to the financtaistatements, that the company ISentitled to deliver abbreviated financral statements and that the abbreviated financialstatements are properly prepared

Opinion

In our oprruon the company ISentitled to deliver abbreviated flnancral statements prepared In accordance with section444(3) of the Companies Act 2006, and the abbreviated financial statements have been properly prepared Inaccordance with the regulations made under that section

Anthony Elston (Senior Statutory Auditor)For and on behalf of BAKER TILLY UK AUDIT LLP, Statutory AuditorChartered Accountants2 Whitehall QuayLeedsLS14HG

28th February 2011



__


BALANCE SHEET

30 June 2010

Company registration no 02936757

Netcurrent habrhnes

2 010 2009

Note £ £

2

297,222 347,222

132,774 127,893

2 2

429,998 475,117

70,115 64,671

478 1,494

70,593 66,165

(1,971,484) (326,129)

(1,900,891) (259,964)

(1,470,893) 215,153

(1,841,567)

(1,470,893) (1,626,414)

Fixed assets

Intangible assets

Tangible assets

Investments

Current assets

Debtors

Cash In hand

Creditors amounts falhng due within one year

Total assets less current habrlrtres

Creditors' amounts falhng due after more than one

year

Net liabilities

Capital and reserves

Called up share capital

Profit and loss account

3 3,000 3,000

(1,473,893) (1,629,414)

EqUityshareholders' deficit (1,470,893) (1,626,414)

These abbreviated financial statements have been prepared In accordance with the provrsions applicable to companies

subject to the small companies regime

The abbreviated financial statements on pages 2 to 4 were approved by the board of directors and authonsed for Issue

on zs" February 2011 and are signed on ItS behalf by

S A Harvey

Director

2




NOTES TO THE FINANCIAL STATEMENTS

1 Principal accounting policies

The financial statements are prepared In accordance with applicable Umted Kingdom accounting standards The

pnncipal accountmg policies adopted by the directors are set out below

Basts of preparation

The company IS controlled by Leeds City Holdings LImited, which has confirmed that It will provide sufficient support to

ensure that the company Will have sufflcrent resources to meet debts as they fall due dunnq the next year As a result,

the directors consider that It ISappropnate to prepare the accounts on the gOIng concern baSIS

BaSIS of accountmg

The financial statements are prepared Inaccordance With the histor ical cost convention

The accounts present information about the company as an mdivtduai undertaking and not about ItS group, as the

company has taken advantage of the exemption provided by section 400 of the Compames Act 2006 not to prepare

consolidated financial statements as It and Its subsrdrary undertaking are Included In the consolidated financial

statements of ItS parent, Leeds City Holdmgs Limited, a company Incorporated In England and Wales

Turnover

Turnover represents all Income ansmg from the ordmary acnvines of the company excluding value added tax

tntanqible f ixed assets

In line With FRS 10 Accounting for Goodwill and Intangible Assets, the costs associated With the carnage agreement

are capitalised as mtanqible fixed assets and amortised, In equal annual Instalments, over the period of the contractwhich expires In 2016

Tangible fixed assets

Deprecratron IS calculated to write off the cost of tangible fixed assets, less their estimated residual values, on a straight

hne baSIS over the expectea useful economic life of the asset concerned, as follows

Fixtures and fittings

,Co!terat:on'i and lrnprovements

5 - 10 years11) years

FIxed asset Investments

FI~ed asset Investments are stated at cost In the company balance sheet

Deferred taxation

Deferred tax IS provided In full on timing differences which result In an obligation at the balance sheet date to pay more

tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current taxrates and law Timing differences anse from the mclusron of Items of Income and expenditure In tax computations In

periods different from those In which they are Included Infinancial statements Deferred tax IS not provided 011 timing

differences arising from the revaluation of fixed assets where there IS no comrrutrnent to sell the asset, or on unrerrutted

earnings of subsidianes and associates where there ISno commitment to remit these earnings Deferred tax assets are

recognised to the extent that It IS regarded as more likely than not that they Will be recovered Deferred tax assets and

liabilities are not discounted

Pension costs

The company operates a defined contribution scheme The amount charged to the profit and loss account In respect of

pension costs and other post retirement benefits IS the contributions payable In the pen ad Differences between

contnbuuons payable In the year and contnbutrons actually paid are shown as erther accruals or prepayments In thebalance sheet

3



3 Called up share capital2010 2009

£ t___ 4____

Authorised

500,000 Ordinary shares of £1 each 500,000 500,000

Allotted, Issued and fully paid

3,000 Ordinary shares of £1 each 3,000 3,000

4 Ultimate controlling party

The directors consider that the ultimate controlling party IS FSF Limited, a company registered In Nevis

Leeds City Holdings Limited IS the Immediate parent, and IS the smallest and largest group for which consolidated

accounts Including Yorkshire Radio Limited are prepared

4

yorkshire radio accounts year ended june 2010

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