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Unaudited Financial Statements for the Year Ended 31 January 2023

for

Notting Hill Films Limited

Notting Hill Films Limited (Registered number: 05679237)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Notting Hill Films Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Lady S Harel-Cohen





SECRETARY: Sir R M Cohen





REGISTERED OFFICE: 3 Stanley Crescent
London
W11 2NB





REGISTERED NUMBER: 05679237 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Notting Hill Films Limited (Registered number: 05679237)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Debtors 5 278,563 323,119
Cash at bank 1,608,333 1,401,890
1,886,896 1,725,009
CREDITORS
Amounts falling due within one year 6 2,177,241 2,087,891
NET CURRENT LIABILITIES (290,345 ) (362,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(290,345

)

(362,882

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (290,346 ) (362,883 )
SHAREHOLDERS' FUNDS (290,345 ) (362,882 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





Lady S Harel-Cohen - Director


Notting Hill Films Limited (Registered number: 05679237)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Notting Hill 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Film Rights
Film rights are valued at cost and written off when the film is produced or no longer considered a viable project.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

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

Notting Hill Films Limited (Registered number: 05679237)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures Office &
and sundry
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 693 4,179 4,872
Disposals (693 ) (4,179 ) (4,872 )
At 31 January 2023 - - -
DEPRECIATION
At 1 February 2022 693 4,179 4,872
Eliminated on disposal (693 ) (4,179 ) (4,872 )
At 31 January 2023 - - -
NET BOOK VALUE
At 31 January 2023 - - -
At 31 January 2022 - - -

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Other debtors 270,885 308,735
VAT 178 134
271,063 308,869

Amounts falling due after more than one year:
Deferred tax asset 7,500 14,250

Aggregate amounts 278,563 323,119

Other debtors falling due after more than one year relate to deferred tax.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 732 -
Tax 26 -
Other creditors 7,105 6,490
Directors' current accounts 2,169,378 2,081,401
2,177,241 2,087,891

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary 1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 January 2023 other creditors included £2,169,378 (2022- £2,081,401) owed to Lady S Harel-Cohen, the director.