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REGISTERED NUMBER: 11163018 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

TOP FIVE FILMS LIMITED

TOP FIVE FILMS LIMITED (REGISTERED NUMBER: 11163018)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOP FIVE FILMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTOR: M T McCabe





REGISTERED OFFICE: Flat 3
Lucille House
Park Court
Sydenham
London
SE26 6EP





REGISTERED NUMBER: 11163018 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

TOP FIVE FILMS LIMITED (REGISTERED NUMBER: 11163018)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,142 4,545

CURRENT ASSETS
Debtors 5 12,209 -
Cash at bank 3,380 27,318
15,589 27,318
CREDITORS
Amounts falling due within one year 6 (17,637 ) (7,995 )
NET CURRENT (LIABILITIES)/ASSETS (2,048 ) 19,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

94

23,868

CREDITORS
Amounts falling due after more than one
year

7

-

(9,988

)
NET ASSETS 94 13,880

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 84 13,870
94 13,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TOP FIVE FILMS LIMITED (REGISTERED NUMBER: 11163018)

BALANCE SHEET - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





M T McCabe - Director


TOP FIVE FILMS LIMITED (REGISTERED NUMBER: 11163018)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Top Five Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

TOP FIVE FILMS LIMITED (REGISTERED NUMBER: 11163018)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 February 2022 670 14,707 15,377
Additions - 861 861
At 31 January 2023 670 15,568 16,238
DEPRECIATION
At 1 February 2022 335 10,497 10,832
Charge for year 134 3,130 3,264
At 31 January 2023 469 13,627 14,096
NET BOOK VALUE
At 31 January 2023 201 1,941 2,142
At 31 January 2022 335 4,210 4,545

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 350 -
Directors' current accounts 11,564 -
Prepayments 295 -
12,209 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,250 3,166
Tax 5,863 2,753
Directors' current accounts - 690
Accrued expenses 1,524 1,386
17,637 7,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 3,166
Bank loans - 2-5 years - 6,822
- 9,988

TOP FIVE FILMS LIMITED (REGISTERED NUMBER: 11163018)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
M T McCabe
Balance outstanding at start of year - -
Amounts advanced 11,564 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,564 -

The above director's loan account balance will be repaid to the company on or before 1 November 2023.