PREMIER CHRISTIAN COMMUNICATIONS LTD

1. PREMIER CHRISTIAN COMMUNICATIONS LTD 2014-03-14 → present
2. LONDON CHRISTIAN RADIO LIMITED 1993-05-07 → 2014-03-14

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the net incoming resources and cashflow forecasts for the group for a period of twelve months from the date the accounts were approved. They also consider that the parent company will continue to provide all necessary support to Premier Christian Communications Ltd to allow its directors to consider the wider group's incoming resources and cashflow forecasts. They believe that sufficient resources exist for the group to continue its activities and meet all liabilities as they fall due for that period and therefore deem it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “This year, 4% of group income came from an exceptional one-off receipt.”
• “We are pleased the year saw an exceptional group consolidated surplus of £1,255,047.”
• “The company saw a surplus of £542,842 for the year, an increase of £246,653 on the prior year. This increase is largely due to the receipt of a one-off and exceptional receipt.”
• “Premier always strived hard to be as efficient as possible and to achieve the best value for money as we can. However, we faced unavoidable inflationary increases in transmission and production costs. Good cost control in other areas meant that total group costs fell by 1%.”
• “Almost £1m of the group's surplus will be invested in building our new studios and offices.”
• “Our plans for the following year include: To fit out and move into new offices and studio space in Central London equipped with state-of-the-art studios and digital production capabilities. To enhance and increase our original and live content so that we give our current listeners and users better and more compelling content and to attract new listeners and audiences, in the UK and internationally. To continue the digital development across our media platforms, using technology to innovate, extend our audiences and to reduce costs. To secure more regular giving and more diverse and secure commercial revenues. To continue to carefully manage our costs and to wisely manage our cash so that that we can both invest in our future whilst building up our reserves. To adapt our staff structure and working practices as we move to a hybrid balance of working from both our offices and from home. To better serve our calling to both our current listeners and new audiences to 'help people encounter God through media.'”
• “One of the principal risks looking into the future is the retention of our transmission agreements. We are pleased that these have been extended to 2035.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.5%

  £10,677,172 → £10,518,348

• Cash

  -32.2%

  £577,248 → £391,164

• Net assets

  +11%

  -£4,938,548 → -£4,395,706

• Employees

  +5.9%

  101 → 107

• Operating profit

  +82.7%

  £295,781 → £540,487

• Profit before tax

  +83%

  £296,653 → £542,842

• Wages

  -0.4%

  £3,877,499 → £3,862,475

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers