Company registration number 10713004 (England and Wales)
BEHEMOTH PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BEHEMOTH PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BEHEMOTH PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
104,938
49,455
Cash at bank and in hand
63,308
68,494
168,246
117,949
Creditors: amounts falling due within one year
4
(139,257)
(177,286)
Net current assets/(liabilities)
28,989
(59,337)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
28,987
(59,339)
Total equity
28,989
(59,337)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 October 2023 and are signed on its behalf by:
Mr AN Darski
Director
Company Registration No. 10713004
BEHEMOTH PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Behemoth Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Income from contracts for the provision of live performances is recognised based on performance date.
Royalty income is recognised on a receivable basis to the extent that it can be quantified from amounts received from or declared by licensees and other parties.
1.3
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
BEHEMOTH PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
85,031
743
Other debtors
19,907
48,712
104,938
49,455
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,352
53,645
Other creditors
132,905
123,641
139,257
177,286
5
Related party transactions
Transactions with related parties
Adam Darski, a director of Behemoth Productions Limited, is a designated member of Behemoth Touring, Inc. During the period, the company loaned Behemoth Touring, Inc £39,987. During the same period, Behemoth Touring, Inc repaid the company £81,711. At the Balance sheet Behemoth Touring, Inc was owed £17,353 (2022 - £24,371 owed to the company) by the company. The loan is interest free and repayable on demand.
Adam Darski, a director of Behemoth Productions Limited, is a designated member of Behemoth Band, LLC. During the period, the company loaned Behemoth Band, LLC £30,390. During the same period, Behemoth Band LLC repaid the company £37,080. At the Balance sheet Behemoth Band, LLC owed £1,067 (2022 - £7,757) to the company. The loan is interest free and repayable on demand.
6
Directors' transactions
During the year, the director A Darski, withdrew £317 and incurred expenses on behalf of the company totalling £1,252. At the Balance Sheet date, the company owed the director £13,331 (2022: £12,396).