Silverfin false 31/05/2023 01/06/2022 31/05/2023 A M Harper 02/05/2012 T Jones 01/11/2014 13 October 2023 The principal activity of Grey Parrot Productions Ltd is that of series production and post-production services for the television industry. 08053660 2023-05-31 08053660 bus:Director1 2023-05-31 08053660 bus:Director2 2023-05-31 08053660 2022-05-31 08053660 core:CurrentFinancialInstruments 2023-05-31 08053660 core:CurrentFinancialInstruments 2022-05-31 08053660 core:ShareCapital 2023-05-31 08053660 core:ShareCapital 2022-05-31 08053660 core:RetainedEarningsAccumulatedLosses 2023-05-31 08053660 core:RetainedEarningsAccumulatedLosses 2022-05-31 08053660 core:FurnitureFittings 2022-05-31 08053660 core:OfficeEquipment 2022-05-31 08053660 core:ComputerEquipment 2022-05-31 08053660 core:FurnitureFittings 2023-05-31 08053660 core:OfficeEquipment 2023-05-31 08053660 core:ComputerEquipment 2023-05-31 08053660 bus:OrdinaryShareClass1 2023-05-31 08053660 bus:OrdinaryShareClass2 2023-05-31 08053660 2022-06-01 2023-05-31 08053660 bus:FullAccounts 2022-06-01 2023-05-31 08053660 bus:SmallEntities 2022-06-01 2023-05-31 08053660 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08053660 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08053660 bus:Director1 2022-06-01 2023-05-31 08053660 bus:Director2 2022-06-01 2023-05-31 08053660 core:FurnitureFittings core:TopRangeValue 2022-06-01 2023-05-31 08053660 core:OfficeEquipment core:TopRangeValue 2022-06-01 2023-05-31 08053660 core:ComputerEquipment core:TopRangeValue 2022-06-01 2023-05-31 08053660 2021-06-01 2022-05-31 08053660 core:FurnitureFittings 2022-06-01 2023-05-31 08053660 core:OfficeEquipment 2022-06-01 2023-05-31 08053660 core:ComputerEquipment 2022-06-01 2023-05-31 08053660 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08053660 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 08053660 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 08053660 bus:OrdinaryShareClass2 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08053660 (England and Wales)

GREY PARROT PRODUCTIONS LTD

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

GREY PARROT PRODUCTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

GREY PARROT PRODUCTIONS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 May 2023
GREY PARROT PRODUCTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 482 758
482 758
Current assets
Debtors 4 9,660 4,688
Cash at bank and in hand 10,750 24,341
20,410 29,029
Creditors: amounts falling due within one year 5 ( 8,245) ( 5,449)
Net current assets 12,165 23,580
Total assets less current liabilities 12,647 24,338
Net assets 12,647 24,338
Capital and reserves
Called-up share capital 6 10 10
Profit and loss account 12,637 24,328
Total shareholders' funds 12,647 24,338

For the financial year ending 31 May 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 Grey Parrot Productions Ltd (registered number: 08053660) were approved and authorised for issue by the Director. They were signed on its behalf by:

A M Harper
Director

13 October 2023

GREY PARROT PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
GREY PARROT PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

Grey Parrot Productions Ltd (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, England, 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.

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:

Fixtures and fittings 4 years straight line
Office equipment 4 years straight line
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.

Financial instruments

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

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

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

3. Tangible assets

Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 June 2022 46,514 6,046 3,074 55,634
At 31 May 2023 46,514 6,046 3,074 55,634
Accumulated depreciation
At 01 June 2022 46,514 5,288 3,074 54,876
Charge for the financial year 0 276 0 276
At 31 May 2023 46,514 5,564 3,074 55,152
Net book value
At 31 May 2023 0 482 0 482
At 31 May 2022 0 758 0 758

4. Debtors

2023 2022
£ £
Trade debtors 5,160 2,688
Other debtors 4,500 2,000
9,660 4,688

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 5,348 609
Other creditors 2,897 4,840
8,245 5,449

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5 Ordinary A shares of £ 1.00 each 5 5
5 Ordinary B shares of £ 1.00 each 5 5
10 10

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Included within other creditors is a balance of £627 (2022: £2,591) owed to the company's directors. This balance is unsecured with no fixed repayment terms. Interest is charged in line with HMRC's official rate of interest. 627 2,591