Registered number
13166130
TVB FILMS LIMITED
Filleted Accounts
31 March 2023
TVB FILMS LIMITED
Registered number: 13166130
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Work in progress - 3,407,099
Debtors 3 843,763 733,459
Cash at bank and in hand 27,897 13,324
871,660 4,153,882
Creditors: amounts falling due within one year 4 (871,659) (3,452,271)
Net current assets 1 701,611
Net assets 1 701,611
Capital and reserves
Called up share capital 1 1
Profit and loss account - 701,610
Shareholders' funds 1 701,611
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.
Susheel Kumar Thapliyal
Director
Approved by the board on 9 October 2023
TVB FILMS LIMITED
Notes to the Accounts
for the year ended 31 March 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 produced the British qualifying film "Tara vs Bilal" (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 sales invoices raised on Super Cassettes Industries Pvt Ltd towards funding 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 on delivery of the Film to the acquirer.
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 last year balance sheet date was carried forward as work in progress on the basis that it was deemed recoverable from the future income/revenue of the Film. In the current year, work in progress is transferred to cost of sales.
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 12
3 Debtors 2023 2022
£ £
VAT receivable 900 7,648
Other debtors 842,863 725,811
843,763 733,459
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 28,692 3,452,271
Other creditors 842,967 -
871,659 3,452,271
5 Controlling party
Mr Susheel Kumar Thapliyal, the director, shareholder and PSC of the Company is the ultimate controlling party.
6 Other information
TVB FILMS 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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