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COMPANY REGISTRATION NUMBER: 11466213
Gifflar (Patriot) Films Limited
Filleted Unaudited Financial Statements
23 October 2022
Gifflar (Patriot) Films Limited
Statement of Financial Position
23 October 2022
2022
2021
Note
£
£
Current assets
Debtors
4
1,113
27,529
Cash at bank and in hand
388
9,499
-------
--------
1,501
37,028
Creditors: amounts falling due within one year
5
1,500
37,027
-------
--------
Net current assets
1
1
----
----
Total assets less current liabilities
1
1
----
----
Net assets
1
1
----
----
Capital and reserves
Called up share capital
1
1
----
----
Shareholder funds
1
1
----
----
These financial statements 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 income and retained earnings has not been delivered.
For the year ending 23 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
Mr Duncan Murray Reid
Director
Company registration number: 11466213
Gifflar (Patriot) Films Limited
Notes to the Financial Statements
Year ended 23 October 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Parcels Building, 14 Bird Street, London, W1U 1BU.
2. Statement of compliance
These financial statements 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 financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2022
2021
£
£
Other debtors
1,113
27,529
-------
--------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
9,000
Other creditors
1,500
28,027
-------
--------
1,500
37,027
-------
--------
6. Contingencies
Charges have been made against the company's assets including its rights, title and interest in and to the film, in favour of the following entities who have advanced funds to finance film production costs: - Gifflar Films Limited - Smc Specialty Finances, Llc. - Media Finance Capital Limited
7. Controlling party
The company is a wholly owned subsidiary of Gifflar Films Limited , whose registered office address is c/o Flb Accountants LLP, 1010 Eskdale Road, Winnersh Triangle, Wokingham. Berkshire. RG41 5TS. The company number is 10414338.