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Company Registration No. 12282600 (England and Wales)
ECILA PRODUCTIONS LTD Unaudited accounts for the year ended 31 October 2022
ECILA PRODUCTIONS LTD Unaudited accounts Contents
Page
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ECILA PRODUCTIONS LTD Company Information for the year ended 31 October 2022
Director
Mr Benjamin Gentilli
Company Number
12282600 (England and Wales)
Registered Office
FLAT 2 75 MAXTED ROAD LONDON UK SE15 4LF
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ECILA PRODUCTIONS LTD Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
636,387 
1,349,164 
Tangible assets
2,997 
1,233 
Investments
597,736 
416,892 
1,237,120 
1,767,289 
Current assets
Inventories
- 
14,000 
Debtors
25,286 
64,295 
Cash at bank and in hand
1,557,829 
1,001,186 
1,583,115 
1,079,481 
Creditors: amounts falling due within one year
(507,353)
(726,059)
Net current assets
1,075,762 
353,422 
Net assets
2,312,882 
2,120,711 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,312,881 
2,120,710 
Shareholders' funds
2,312,882 
2,120,711 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2023 and were signed on its behalf by
Mr Benjamin Gentilli Director Company Registration No. 12282600
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ECILA PRODUCTIONS LTD Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
ECILA PRODUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12282600. The registered office is FLAT 2 75 MAXTED ROAD, LONDON, UK, SE15 4LF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% Straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover represents the value of artwork sold in the period, excluding VAT.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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ECILA PRODUCTIONS LTD Notes to the Accounts for the year ended 31 October 2022
Fixed asset investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2021
1,349,164 
Additions
89,316 
Disposals
(171,788)
Revaluations
(630,305)
At 31 October 2022
636,387 
Amortisation
At 1 November 2021
- 
At 31 October 2022
- 
Net book value
At 31 October 2022
636,387 
At 31 October 2021
1,349,164 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2021
444 
1,693 
2,137 
Additions
- 
3,545 
3,545 
At 31 October 2022
444 
5,238 
5,682 
Depreciation
At 1 November 2021
232 
672 
904 
Charge for the year
53 
1,728 
1,781 
At 31 October 2022
285 
2,400 
2,685 
Net book value
At 31 October 2022
159 
2,838 
2,997 
At 31 October 2021
212 
1,021 
1,233 
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ECILA PRODUCTIONS LTD Notes to the Accounts for the year ended 31 October 2022
6
Investments
Other investments 
£ 
Valuation at 1 November 2021
416,892 
Additions
256,252 
Fair value adjustments
(75,408)
Valuation at 31 October 2022
597,736 
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
16,391 
- 
Trade debtors
- 
57,400 
Other debtors
8,895 
6,895 
25,286 
64,295 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
- 
4,112 
Taxes and social security
208,400 
459,245 
Loans from directors
298,953 
262,702 
507,353 
726,059 
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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