Silverfin false 28/02/2022 28/02/2022 01/03/2021 James Edwin Bettney 06/02/2017 David Harriman 06/02/2017 12 September 2022 The principal activity of the Company during the year is that of photographic activities. 10603786 2022-02-28 10603786 bus:Director1 2022-02-28 10603786 bus:Director2 2022-02-28 10603786 2021-02-28 10603786 core:CurrentFinancialInstruments 2022-02-28 10603786 core:CurrentFinancialInstruments 2021-02-28 10603786 core:Non-currentFinancialInstruments 2022-02-28 10603786 core:Non-currentFinancialInstruments 2021-02-28 10603786 core:ShareCapital 2022-02-28 10603786 core:ShareCapital 2021-02-28 10603786 core:RetainedEarningsAccumulatedLosses 2022-02-28 10603786 core:RetainedEarningsAccumulatedLosses 2021-02-28 10603786 core:OtherPropertyPlantEquipment 2021-02-28 10603786 core:OtherPropertyPlantEquipment 2022-02-28 10603786 bus:OrdinaryShareClass1 2022-02-28 10603786 bus:OrdinaryShareClass2 2022-02-28 10603786 2021-03-01 2022-02-28 10603786 bus:FullAccounts 2021-03-01 2022-02-28 10603786 bus:SmallEntities 2021-03-01 2022-02-28 10603786 bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 10603786 bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 10603786 bus:Director1 2021-03-01 2022-02-28 10603786 bus:Director2 2021-03-01 2022-02-28 10603786 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-03-01 2022-02-28 10603786 2020-03-01 2021-02-28 10603786 core:OtherPropertyPlantEquipment 2021-03-01 2022-02-28 10603786 core:Non-currentFinancialInstruments 2021-03-01 2022-02-28 10603786 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 10603786 bus:OrdinaryShareClass1 2020-03-01 2021-02-28 10603786 bus:OrdinaryShareClass2 2021-03-01 2022-02-28 10603786 bus:OrdinaryShareClass2 2020-03-01 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10603786 (England and Wales)

LIQUOR STORE PRODUCTIONS LTD

Unaudited Financial Statements
For the financial year ended 28 February 2022
Pages for filing with the registrar

LIQUOR STORE PRODUCTIONS LTD

Unaudited Financial Statements

For the financial year ended 28 February 2022

Contents

LIQUOR STORE PRODUCTIONS LTD

COMPANY INFORMATION

For the financial year ended 28 February 2022
LIQUOR STORE PRODUCTIONS LTD

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2022
DIRECTORS James Edwin Bettney
David Harriman
REGISTERED OFFICE 35 Ballards Lane
London
N3 1XW
United Kingdom
COMPANY NUMBER 10603786 (England and Wales)
CHARTERED ACCOUNTANTS Berg Kaprow Lewis LLP
35 Ballards Lane
London
N3 1XW
LIQUOR STORE PRODUCTIONS LTD

STATEMENT OF FINANCIAL POSITION

As at 28 February 2022
LIQUOR STORE PRODUCTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 14,887 19,863
14,887 19,863
Current assets
Debtors 4 0 1,999
Cash at bank and in hand 5 14,393 2,876
14,393 4,875
Creditors
Amounts falling due within one year 6 ( 8,704) ( 7,021)
Net current assets/(liabilities) 5,689 (2,146)
Total assets less current liabilities 20,576 17,717
Creditors
Amounts falling due after more than one year 7 ( 12,797) ( 13,500)
Net assets 7,779 4,217
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 7,679 4,117
Total shareholders' funds 7,779 4,217

For the financial year ending 28 February 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Liquor Store Productions Ltd (registered number: 10603786) were approved and authorised for issue by the Board of Directors on 12 September 2022. They were signed on its behalf by:

James Edwin Bettney
Director
LIQUOR STORE PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2022
LIQUOR STORE PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Liquor Store Productions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, that are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, [loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.]

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2021 33,744 33,744
Additions 1,985 1,985
At 28 February 2022 35,729 35,729
Accumulated depreciation
At 01 March 2021 13,881 13,881
Charge for the financial year 6,961 6,961
At 28 February 2022 20,842 20,842
Net book value
At 28 February 2022 14,887 14,887
At 28 February 2021 19,863 19,863

4. Debtors

2022 2021
£ £
Corporation tax 0 1,768
Other debtors 0 231
0 1,999

5. Cash and cash equivalents

2022 2021
£ £
Cash at bank and in hand 14,393 2,876

6. Creditors: amounts falling due within one year

2022 2021
£ £
Amounts owed to directors 2,235 5,521
Accruals 1,500 1,500
Corporation tax 3,295 0
Other taxation and social security 1,674 0
8,704 7,021

7. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 12,797 13,500

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
50 A Ordinary shares of £ 1.00 each 50 50
50 B Ordinary shares of £ 1.00 each 50 50
100 100