2021-01-012021-12-312021-12-31false07689404FRIEND PRODUCTIONS 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FRIEND PRODUCTIONS LIMITED

Registered Number
07689404
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

FRIEND PRODUCTIONS LIMITED
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

JACOBS, Luke William Michael

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

07689404 (England and Wales)
FRIEND PRODUCTIONS LIMITED
Balance Sheet as at
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets54,6105,319
4,6105,319
Current assets
Debtors6957,4341,986,286
Cash at bank and on hand1,229,8151,307,981
2,187,2493,294,267
Creditors amounts falling due within one year7(1,015,850)(1,978,018)
Net current assets (liabilities)1,171,3991,316,249
Total assets less current liabilities1,176,0091,321,568
Net assets1,176,0091,321,568
Capital and reserves
Called up share capital9595
Other reserves55
Profit and loss account1,175,9091,321,468
Shareholders' funds1,176,0091,321,568
The financial statements were approved and authorised for issue by the Director on 30 August 2022, and are signed on its behalf by:
JACOBS, Luke William Michael
Director
Registered Company No. 07689404
FRIEND PRODUCTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
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.
Foreign currency translation and operations policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20212020
Average number of employees during the year55
5.Property, plant and equipment

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 219,05922,11431,173
Additions-832832
At 31 December 219,05922,94632,005
Depreciation and impairment
At 01 January 218,80317,05125,854
Charge for year641,4771,541
At 31 December 218,86718,52827,395
Net book value
At 31 December 211924,4184,610
At 31 December 202565,0635,319
6.Debtors

2021

2020

££
Trade debtors / trade receivables572,6961,044,044
Other debtors31,361854
Prepayments and accrued income353,377941,388
Total957,4341,986,286
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.
7.Creditors within one year

2021

2020

££
Trade creditors / trade payables284,454639,667
Taxation and social security108,511373,014
Other creditors3,66411,243
Accrued liabilities and deferred income619,221954,094
Total1,015,8501,978,018
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.