Registered number: SC312406 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||
Prepared By: | ||||||||
Breckman & Company | ||||||||
Chartered Certified Accountants | ||||||||
49 South Molton Street | ||||||||
London | ||||||||
W1K 5LH |
Fifty Nine Productions Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Midlothian | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number SC312406 | ||||||||
ACCOUNTANTS | ||||||||
Breckman & Company | ||||||||
Chartered Certified Accountants | ||||||||
49 South Molton Street | ||||||||
London | ||||||||
W1K 5LH |
Fifty Nine Productions Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Fifty Nine Productions Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
2,308,283 | 4,503,343 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS | 924,773 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 595,000 | 766,345 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Share premium account | 10 | |||||||||
Profit and loss account | 860,319 | 229,363 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Fifty Nine Productions Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
L Warner | ||||||||||
Director | ||||||||||
Fifty Nine Productions Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | straight line 33% | |||||||
Fixtures and Fittings | straight line 25% |
1c. Stocks | ||||||||
The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and conditon. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1f. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | 31 | |||||
Fifty Nine Productions Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Plant and | Fixtures | |||||
Machinery | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2022 | 605,730 | 51,952 | 657,682 | |||
Additions | 52,699 | 2,788 | 55,487 | |||
At 31 December 2022 | 658,429 | 54,740 | 713,169 | |||
Depreciation | ||||||
At 1 January 2022 | 532,084 | 47,518 | 579,602 | |||
For the year | 61,528 | 3,344 | 64,872 | |||
At 31 December 2022 | 593,612 | 50,862 | 644,474 | |||
Net Book Amounts | ||||||
At 31 December 2022 | 68,695 | |||||
At 31 December 2021 | 78,080 | |||||
4. FINANCIAL ASSETS | |||||||||
Shares in group companies | Other | ||||||||
and participating interests | Investments | Total | |||||||
£ | £ | £ | |||||||
Cost | |||||||||
At 1 January 2022 | 1,000 | - | 1,000 | ||||||
Additions | - | 50 | 50 | ||||||
At 31 December 2022 | 1,000 | 50 | 1,050 | ||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31 December 2022 | 1,000 | 50 | 1,050 | ||||||
At 31 December 2021 | 1,000 | - | 1,000 | ||||||
The company owns 100% of the share capital of 59 Productions City Of Glass Limited, which is registered in EW - England & Wales, registered number 9544748. | |||||||||
The total share capital at the balance sheet date was £1,000. The principal activity of 59 Productions City Of Glass Limited is film production. | |||||||||
The company owns 16.67% of the share capital of Lightroom KX Limited, which is registered in EW - England & Wales, registered number 14055902. The total share capital at the balance sheet date was £50. |
5. STOCK | 2022 | 2021 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress | ||||||
Fifty Nine Productions Limited | ||||||||
6. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 482,009 | 1,482,581 | ||||||
Other debtors | 106,605 | 55,900 | ||||||
Prepayments | 51,881 | 11,395 | ||||||
Accrued income | 300,000 | - | ||||||
940,495 | 1,549,876 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
VAT | 13,888 | 206,614 | ||||||
PAYE control | 50,269 | 80,981 | ||||||
Trade creditors | 473,161 | 1,652,281 | ||||||
Other creditors | 27,670 | 17,133 | ||||||
Accruals | 10,000 | 10,000 | ||||||
Deferred income | 331,576 | 1,611,561 | ||||||
Amounts due to group companies | 8,000 | - | ||||||
914,564 | 3,578,570 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Loans >1yr | 595,000 | 766,345 | ||||||
595,000 | 766,345 | |||||||
9. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2500 | 2500 | |||||||
2,500 | 2,500 | |||||||
Fifty Nine Productions Limited | ||||||||
10. SHARE PREMIUM ACCOUNT | 2022 | 2021 | ||||
£ | £ | |||||
Share premium account | 5,645 | 5,645 |
11. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31 December 2022 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 70,500 | 47,000 | ||||||
Within two to five years | 235,000 | 305,500 | ||||||