COMPANY REGISTRATION NUMBER:
12224912
Boxing Day Productions Ltd |
|
Filleted Unaudited Accounts |
|
Boxing Day Productions Ltd |
|
Statement of Financial Position |
|
27 October 2023
Current assets
Debtors |
5 |
75,713 |
10,834 |
Cash at bank and in hand |
4,407 |
202,241 |
|
-------- |
--------- |
|
80,120 |
213,075 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
80,020) |
(
212,975) |
|
-------- |
--------- |
Net current assets |
100 |
100 |
|
---- |
---- |
Total assets less current liabilities |
100 |
100 |
|
---- |
---- |
Net assets |
100 |
100 |
|
---- |
---- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
|
---- |
---- |
Shareholders funds |
100 |
100 |
|
---- |
---- |
|
|
|
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 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 27 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts 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 accounts
.
These accounts were approved by the
board of directors
and authorised for issue on
1 November 2023
, and are signed on behalf of the board by:
Company registration number:
12224912
Boxing Day Productions Ltd |
|
Year ended 27 October 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, England, WC2H 7DQ, United Kingdom.
2.
Statement of compliance
These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
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 rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
A detailed budget and caseload have been prepared for the production and delivery of the film. Funds to meet the cashflow requirements are contractually in place and the directors do not anticipate any material overspend. After considering all factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Furthermore the film had been completed as at the balance sheet date and thus the directors are therefore satisfied that the going concern assumption remains appropriate.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the film, as noted in "Revenue recognition" below.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employees
The company has been incorporated to produce a film entitled "Boxing Day". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
VAT recoverable |
|
|
Other debtors |
100 |
9,354 |
|
-------- |
-------- |
|
75,713 |
10,834 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Accruals and deferred income |
80,020 |
212,975 |
|
-------- |
--------- |
|
|
|
The loan has been secured against the anticipated future film tax credit.
7.
Contingent liabilities
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Film Finances Inc. Coutts & Co Warner Bros. Entertainment UK Limited The British Film Institute FILM4, a Division of Channel Four Television Corporation
8.
Related party transactions
During the current and prior period, no related-party transactions took place. All transactions related to the production of the film entitled "Boxing Day" and arose on an arm's-length basis through the normal course of business. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
9.
Controlling party
The company was under the control of A Ameen throughout the current and previous period.