COMPANY REGISTRATION NUMBER:
13733611
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 October 2022
Current assets
Stocks |
874,500 |
Debtors |
4 |
174,900 |
Cash at bank and in hand |
1,237 |
|
------------ |
|
1,050,637 |
|
|
|
Creditors: amounts falling due within one year |
5 |
1,053,900 |
|
------------ |
Net current liabilities |
3,263 |
|
------- |
Total assets less current liabilities |
(
3,263) |
|
------- |
Net liabilities |
(
3,263) |
|
------- |
|
|
|
Capital and reserves
Called up share capital |
1 |
Profit and loss account |
(
3,264) |
|
------- |
Shareholder deficit |
(
3,263) |
|
------- |
|
|
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 comprehensive income has not been delivered.
For the period ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his 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
18 August 2023
, and are signed on behalf of the board by:
Company registration number:
13733611
Notes to the Financial Statements |
|
Period from 9 November 2021 to 31 October 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The company's registered number can be found on the balance sheet and its registered office is 99 Kenton Road, Harrow, Middlesex, HA3 8AG.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from estimates. The directors do not believe there are any key sources of estimation, uncertainty or critical judgements.
Stocks
Stock is work in progress and represents cost of production of TV series in the course of production and is valued at lower of cost and net realisable value.
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
|
31 Oct 22 |
|
£ |
Other debtors |
174,900 |
|
--------- |
|
|
5.
Creditors:
amounts falling due within one year
|
31 Oct 22 |
|
£ |
Trade creditors |
174,900 |
Production advance |
|
Other creditors |
3,000 |
|
------------ |
|
1,053,900 |
|
------------ |
|
|
The production advances are received from a third party, which will acquire all the rights in the TV Series that the company is currently producing. On delivery, the production advance will be recognised as income.
6.
Related party transactions
There are no related party transactions in the period to be reported.