Registered number
12811356
INDIGO MOVIES LIMITED
Filleted Accounts
31 January 2023
INDIGO MOVIES LIMITED
Registered number: 12811356
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Work in progress 214,188 532,665
Debtors 3 116,487 196,355
Cash at bank and in hand 8,356 10,964
339,031 739,984
Creditors: amounts falling due within one year 4 (72,610) (581,472)
Net current assets 266,421 158,512
Net assets 266,421 158,512
Capital and reserves
Called up share capital 1 1
Profit and loss account 266,420 158,511
Shareholders' funds 266,421 158,512
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.
Sudipto Sarkar
Director
Approved by the board on 20 October 2023
INDIGO MOVIES LIMITED
Notes to the Accounts
for the year ended 31 January 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 "Victor" (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 advances/funding received from Guruji Films 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 for the amount of funding received. Balance production cost is carried forward as work in progress and is deemed recoverable from the future income/revenue of the Film.
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 balance sheet date is carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the Film.
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 8
3 Debtors 2023 2022
£ £
Trade debtors - 10,000
VAT receivable 103 17,028
Other debtors 116,384 169,327
116,487 196,355
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 49,322 551,368
Taxation and social security costs 23,288 30,104
72,610 581,472
5 Related party transactions
Guruji Films (GF) is the Acquirer/Financier of the film project and provided total finance of £444,509 (31/01/2022: £889,430) during the year ending 31 January 2023.
During the year ending 31 January 2023, Vivid Arthouse invoiced the Company for NIL (31/01/2022: £30,000).
During the year ending 31 January 2023, Pink Cat Films invoiced the Company for NIL (31/01/2022: £120,000).
During the year ending 31 January 2023, Jatinder Sahni invoiced the Company for NIL (31/01/2022: £150,000).
Sonali Sahni, the director of the Company is the daughter of Jatinder Sahni, who is director of Guruji Films, Vivid Arthouse and Pink Cat Films.
During the year ending 31 January 2023, Sonali Sahni invoiced the Company for NIL (31/01/2022: £80,000).

During the year ending 31 January 2023, Flame Visuals Ltd invoiced the Company for £95,250 (31/01/2022: £190,000) towards various film production services & expenses.
During the year ending 31 January 2023, Vedant Films Limited invoiced the Company for NIL (31/01/2022: £20,000).
Mr. Sudipto Sarkar, director and PSC of the Company, is also director of Flame Visuals Ltd & Vedant Films Limited.
During the year ending 31 January 2023, Autumn Pictures invoiced the Company for NIL (31/01/2022: £50,000).
Mr. Sudipto Sarkar, director and PSC of the Company is brother of Mr Sushanto Sarkar who is proprietor of Autumn Pictures.

The directors/authorised representatives of companies confirm that all transactions between these companies has been on arms length basis.
6 Controlling party
Mr Sudipto Sarkar, the director and PSC of the Company is the ultimate controlling party.
7 Other information
INDIGO MOVIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
131B Honor Oak Road
London
SE23 3SL
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