Silverfin false 31/01/2023 01/02/2022 31/01/2023 B J Fullman 31/01/2022 T Seyfert 31/01/2022 L A L Teufelberger 31/01/2022 20 October 2023 The principal activity of the company is motion picture production. 13881159 2023-01-31 13881159 bus:Director1 2023-01-31 13881159 bus:Director2 2023-01-31 13881159 bus:Director3 2023-01-31 13881159 core:CurrentFinancialInstruments 2023-01-31 13881159 core:ShareCapital 2023-01-31 13881159 core:RetainedEarningsAccumulatedLosses 2023-01-31 13881159 core:OtherPropertyPlantEquipment 2022-01-31 13881159 2022-01-31 13881159 core:OtherPropertyPlantEquipment 2023-01-31 13881159 bus:OrdinaryShareClass1 2023-01-31 13881159 2022-02-01 2023-01-31 13881159 bus:FullAccounts 2022-02-01 2023-01-31 13881159 bus:SmallEntities 2022-02-01 2023-01-31 13881159 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13881159 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13881159 bus:Director1 2022-02-01 2023-01-31 13881159 bus:Director2 2022-02-01 2023-01-31 13881159 bus:Director3 2022-02-01 2023-01-31 13881159 core:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 13881159 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13881159 (England and Wales)

KERNOWFORNIA 1 LIMITED

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

KERNOWFORNIA 1 LIMITED

Unaudited Financial Statements

For the financial period ended 31 January 2023

Contents

KERNOWFORNIA 1 LIMITED

COMPANY INFORMATION

For the financial period ended 31 January 2023
KERNOWFORNIA 1 LIMITED

COMPANY INFORMATION (continued)

For the financial period ended 31 January 2023
DIRECTORS B J Fullman
T Seyfert
L A L Teufelberger
SECRETARY B J Fullman
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 13881159 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
KERNOWFORNIA 1 LIMITED

BALANCE SHEET

As at 31 January 2023
KERNOWFORNIA 1 LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023
£
Fixed assets
Tangible assets 3 477
477
Current assets
Debtors 4 50
Cash at bank and in hand 191
241
Creditors: amounts falling due within one year 5 ( 31,400)
Net current liabilities (31,159)
Total assets less current liabilities (30,682)
Net liabilities ( 30,682)
Capital and reserves
Called-up share capital 6 150
Profit and loss account ( 30,832 )
Total shareholders' deficit ( 30,682)

For the financial period 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 Kernowfornia 1 Limited (registered number: 13881159) were approved and authorised for issue by the Board of Directors on 20 October 2023. They were signed on its behalf by:

B J Fullman
Director
KERNOWFORNIA 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 January 2023
KERNOWFORNIA 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Kernowfornia 1 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 Lowin House, Tregolls Road, Truro, TR1 2NA, 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 Balance Sheet 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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 Balance Sheet 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 reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2022 0 0
Additions 599 599
At 31 January 2023 599 599
Accumulated depreciation
At 01 February 2022 0 0
Charge for the financial period 122 122
At 31 January 2023 122 122
Net book value
At 31 January 2023 477 477

4. Debtors

2023
£
Other debtors 50

5. Creditors: amounts falling due within one year

2023
£
Amounts owed to directors 29,600
Accruals 1,800
31,400

6. Called-up share capital

2023
£
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150