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COMPANY REGISTRATION NUMBER: NI630844
Z414 Productions Limited
Filleted Unaudited Financial Statements
31 October 2022
Z414 Productions Limited
Statement of Financial Position
31 October 2022
2022
2021
Note
£
£
Current assets
Debtors
4
81
60,714
Cash at bank and in hand
38
58,970
----
---------
119
119,684
Creditors: amounts falling due within one year
5
118
119,683
----
---------
Net current assets
1
1
----
----
Total assets less current liabilities
1
1
----
----
Net assets
1
1
----
----
Capital and reserves
Called up share capital
1
1
----
----
Shareholder funds
1
1
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
Mr Martin Brennan
Director
Company registration number: NI630844
Z414 Productions Limited
Notes to the Financial Statements
Year ended 31 October 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ulster Bank House, 9 Irish Street, Downpatrick, Co. Down, BT30 6BN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover is measured by reference to the stage of completion of the film at the end of the reporting period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2022
2021
£
£
Trade debtors
81
187
Other debtors
60,527
----
--------
81
60,714
----
--------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
118
Trade creditors
46,742
Social security and other taxes
3,903
Other creditors
69,038
----
---------
118
119,683
----
---------
6. Contingencies
A charge has been made against the company's assets including its rights, title and interest in and to the film, in favour of the following entity who has advanced funds to finance film production costs: - Moffen Media Limited
7. Controlling party
The company is a wholly owned subsidiary of Moffen Media Limited , incorporated in England and Wales. Its registered office address is 3rd Floor, 14 Floral Street, London. WC2E 9DH . The company registration number is 10632869.