Silverfin false 31/01/2023 01/02/2022 31/01/2023 Simon Adam Curtis 04/01/2006 Elizabeth Mcgovern 04/01/2006 11 October 2023 The principal activity of this company was television and film production and services. 05665587 2023-01-31 05665587 bus:Director1 2023-01-31 05665587 bus:Director2 2023-01-31 05665587 2022-01-31 05665587 core:CurrentFinancialInstruments 2023-01-31 05665587 core:CurrentFinancialInstruments 2022-01-31 05665587 core:ShareCapital 2023-01-31 05665587 core:ShareCapital 2022-01-31 05665587 core:RetainedEarningsAccumulatedLosses 2023-01-31 05665587 core:RetainedEarningsAccumulatedLosses 2022-01-31 05665587 core:Vehicles 2022-01-31 05665587 core:OfficeEquipment 2022-01-31 05665587 core:ComputerEquipment 2022-01-31 05665587 core:Vehicles 2023-01-31 05665587 core:OfficeEquipment 2023-01-31 05665587 core:ComputerEquipment 2023-01-31 05665587 bus:OrdinaryShareClass1 2023-01-31 05665587 2022-02-01 2023-01-31 05665587 bus:FullAccounts 2022-02-01 2023-01-31 05665587 bus:SmallEntities 2022-02-01 2023-01-31 05665587 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 05665587 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05665587 bus:Director1 2022-02-01 2023-01-31 05665587 bus:Director2 2022-02-01 2023-01-31 05665587 core:Vehicles 2022-02-01 2023-01-31 05665587 core:OfficeEquipment 2022-02-01 2023-01-31 05665587 core:ComputerEquipment core:TopRangeValue 2022-02-01 2023-01-31 05665587 2021-02-01 2022-01-31 05665587 core:ComputerEquipment 2022-02-01 2023-01-31 05665587 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 05665587 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05665587 (England and Wales)

39 STEPS ENTERTAINMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

39 STEPS ENTERTAINMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

39 STEPS ENTERTAINMENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2023
39 STEPS ENTERTAINMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 20,824 26,187
20,824 26,187
Current assets
Debtors 5 1,385,890 1,162,255
Cash at bank and in hand 1,241,505 1,571,321
2,627,395 2,733,576
Creditors: amounts falling due within one year 6 ( 153,018) ( 298,987)
Net current assets 2,474,377 2,434,589
Total assets less current liabilities 2,495,201 2,460,776
Net assets 2,495,201 2,460,776
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 2,495,101 2,460,676
Total shareholders' funds 2,495,201 2,460,776

For the financial year ending 31 January 2023 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 39 Steps Entertainment Limited (registered number: 05665587) were approved and authorised for issue by the Director. They were signed on its behalf by:

Simon Adam Curtis
Director

11 October 2023

39 STEPS ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
39 STEPS ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
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

39 Steps Entertainment Limited (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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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:

Vehicles 25 % reducing balance
Office equipment 15 % reducing balance
Computer equipment 3 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Vehicles Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 February 2022 28,950 1,159 29,270 59,379
Additions 0 0 1,549 1,549
At 31 January 2023 28,950 1,159 30,819 60,928
Accumulated depreciation
At 01 February 2022 3,619 630 28,943 33,192
Charge for the financial year 6,333 80 499 6,912
At 31 January 2023 9,952 710 29,442 40,104
Net book value
At 31 January 2023 18,998 449 1,377 20,824
At 31 January 2022 25,331 529 327 26,187

5. Debtors

2023 2022
£ £
Trade debtors 73,183 103,530
Amounts owed by Group undertakings 1,304,745 1,052,945
Corporation tax 5,651 5,780
Other debtors 2,311 0
1,385,890 1,162,255

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 ( 1,968)
Amounts owed to directors 102,902 98,552
Accruals 9,518 4,734
Taxation and social security 40,598 197,669
153,018 298,987

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts owed by other related parties 1,304,745 1,052,945