REGISTERED NUMBER: 11131220 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

LP FILMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms L Plancarte Zapata

REGISTERED OFFICE:

83

Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

11131220 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Intangible assets

4

201,519

106,668

Tangible assets

5

-

39

201,519

106,707

CURRENT ASSETS

Debtors

6

6,462

-

Cash at bank

4,090

6,137

10,552

6,137

CREDITORS

Amounts falling due within one year

7

258,531

152,234

NET CURRENT LIABILITIES

(247,979

)

(146,097

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,460

)

(39,390

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(46,560

)

(39,490

)

(46,460

)

(39,390

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd October 2023 and were signed by:

Ms L Plancarte Zapata - Director

1.	STATUTORY INFORMATION

LP Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is calculated over their useful life of ten years on a sum-of-digits basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial 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 related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

These financial statements have been prepared on the going concern basis. The company has obtained undertakings from the director that she will continue to support the company for at least twelve months from the date of approval of these financial statements and meet all third party liabilities as they fall due. Given these undertakings, the director considers that it is appropriate to adopt the going concern basis for the preparation of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st February 2022

155,683

Additions

123,021

At 31st January 2023

278,704

AMORTISATION

At 1st February 2022

49,015

Charge for year

28,170

At 31st January 2023

77,185

NET BOOK VALUE

At 31st January 2023

201,519

At 31st January 2022

106,668

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st February 2022

and 31st January 2023

281

DEPRECIATION

At 1st February 2022

242

Charge for year

39

At 31st January 2023

281

NET BOOK VALUE

At 31st January 2023

-

At 31st January 2022

39

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments and accrued income

6,462

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Directors' current accounts

256,107

147,013

Accruals and deferred income

2,424

5,221

258,531

152,234