0 false false false false false false false false false true false false false false false true No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11512547 2021-01-01 2021-12-31 11512547 2021-12-31 11512547 2020-01-01 2020-12-31 11512547 2020-12-31 11512547 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 11512547 bus:Director2 2021-01-01 2021-12-31 11512547 core:WithinOneYear 2021-12-31 11512547 core:WithinOneYear 2020-12-31 11512547 core:ShareCapital 2021-12-31 11512547 core:ShareCapital 2020-12-31 11512547 bus:SmallEntities 2021-01-01 2021-12-31 11512547 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 11512547 bus:FullAccounts 2021-01-01 2021-12-31 11512547 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 11512547 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11512547 bus:OrdinaryShareClass1 2021-12-31 11512547 bus:OrdinaryShareClass1 2020-12-31
COMPANY REGISTRATION NUMBER: 11512547
Ninja Productions Ltd
Filleted Unaudited Accounts
31 December 2021
Ninja Productions Ltd
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
Current assets
Stocks
30,629,355
21,323,996
Debtors
5
1,010,295
1,196,464
Cash at bank and in hand
3,020,080
5,103,463
-------------
-------------
34,659,730
27,623,923
Creditors: amounts falling due within one year
6
( 34,659,630)
( 27,623,823)
-------------
-------------
Net current assets
100
100
----
----
Total assets less current liabilities
100
100
----
----
Net assets
100
100
----
----
Capital and reserves
Called up share capital
7
100
100
----
----
Shareholders funds
100
100
----
----
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 14 September 2022 , and are signed on behalf of the board by:
J L Flynn
Director
Company registration number: 11512547
Ninja Productions Ltd
Notes to the Accounts
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H DQ.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Turnover" above.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. Employees
The company has been incorporated to produce a high-end television series called "Halo". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5. Debtors
2021
2020
£
£
Trade debtors
229,483
Amounts owed by group undertakings
908,690
371,711
VAT Recoverable
66,522
276,147
Other debtors
35,083
319,123
------------
------------
1,010,295
1,196,464
------------
------------
6. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
616
Trade creditors
24,606,636
14,689,776
Accruals and deferred income
10,041,729
12,929,037
Social security and other taxes
10,649
Other creditors
5,010
-------------
-------------
34,659,630
27,623,823
-------------
-------------
7. Called up share capital
Issued, called up and fully paid
2021
2020
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Contingencies
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Showtime Networks Inc.
9. Related party transactions
All transactions related to the production of the television series "Halo" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.