Registered number
09706021
11:11 ENTERTAINMENT LIMITED
Filleted Accounts
31 January 2023
11:11 ENTERTAINMENT LIMITED
Registered number: 09706021
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Work in progress 1,176,451 351,718
Debtors 3 339,585 94,593
Cash at bank and in hand 33,255 72,042
1,549,291 518,353
Creditors: amounts falling due within one year 4 (1,321,592) (531,858)
Net current assets/(liabilities) 227,699 (13,505)
Net assets/(liabilities) 227,699 (13,505)
Capital and reserves
Called up share capital 2 2
Profit and loss account 227,697 (13,507)
Shareholders' funds 227,699 (13,505)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Derek Williamson
Director
Approved by the board on 10 October 2023
11:11 ENTERTAINMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company is producing the British qualifying film titled "#BFF2" (the Film). All of the tunrover recognised by the Company relates only to this Film.

The turnover in the profit & loss account relates to the advances/funding received from 11.11 Productions LLP, India in relation to the acquisition of the Film.
Cost of sales
Production cost of the Film is recognised in the profit & loss account as cost of sales for the amount of funding received. Balance production cost is carried forward as work in progress and is deemed recoverable from the future income/revenue of the Film.
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance production cost of the Film at the balance sheet date is carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the Film.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 6
3 Debtors 2023 2022
£ £
Trade debtors 50,934 50,934
VAT receivable 194 14,120
Other debtors 288,457 29,539
339,585 94,593
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 38,685 48,217
Advance for expenses - 354,480
Trade creditors 988,008 15,596
Taxation and social security costs - 12,565
Other creditors 294,899 101,000
1,321,592 531,858
5 Related party transactions
During the year ending 31 January 2023 BreakThrough Nominees Limited invoiced the company for NIL (31 January 2022: £3,500). Brian Brake, director of BreakThrough Nominees Limited, was a nominee director of the Company and he has resigned on 01 October 2022.

Brian Brake was not involved in the day to day running of the Company and had no beneficial or financial interest other than the above fee disclosed.
6 Controlling party
Mr Derek Williamson, the current Director & PSC of the Company, is the ultimate controlling party.
7 Other information
11:11 ENTERTAINMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
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