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REGISTERED NUMBER: 07600300 (England and Wales)















Jam Films Ltd

Unaudited Financial Statements For The Year Ended 30 April 2023






Jam Films Ltd (Registered number: 07600300)






Contents of the Financial Statements
For The Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jam Films Ltd

Company Information
For The Year Ended 30 April 2023







DIRECTORS: Mr Jordan Andreopoulos
Dr Mark Amit Robinson
Mr E Olgun-Knight
Mr P Young





REGISTERED OFFICE: 348 Goswell Road
London
EC1V 7LQ





REGISTERED NUMBER: 07600300 (England and Wales)

Jam Films Ltd (Registered number: 07600300)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 176,225 187,741

CURRENT ASSETS
Debtors 5 790,774 392,049
Cash at bank and in hand 174,964 490,887
965,738 882,936
CREDITORS
Amounts falling due within one year 6 (525,634 ) (394,750 )
NET CURRENT ASSETS 440,104 488,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,329

675,927

CREDITORS
Amounts falling due after more than one
year

7

-

(200,000

)

PROVISIONS FOR LIABILITIES (44,056 ) (35,392 )
NET ASSETS 572,273 440,535

CAPITAL AND RESERVES
Called up share capital 112 112
Retained earnings 572,161 440,423
SHAREHOLDERS' FUNDS 572,273 440,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jam Films Ltd (Registered number: 07600300)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




Mr Jordan Andreopoulos - Director



Dr Mark Amit Robinson - Director


Jam Films Ltd (Registered number: 07600300)

Notes to the Financial Statements
For The Year Ended 30 April 2023

1. STATUTORY INFORMATION

Jam Films Ltd 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.

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
The turnover shown in the profit and loss account represents services performed during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Jam Films Ltd (Registered number: 07600300)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 107,600 58,389 251,890 417,879
Additions - 1,343 36,092 37,435
At 30 April 2023 107,600 59,732 287,982 455,314
DEPRECIATION
At 1 May 2022 717 25,355 204,066 230,138
Charge for year 2,152 8,594 38,205 48,951
At 30 April 2023 2,869 33,949 242,271 279,089
NET BOOK VALUE
At 30 April 2023 104,731 25,783 45,711 176,225
At 30 April 2022 106,883 33,034 47,824 187,741

The net book value of tangible fixed assets includes £NIL in respect of assets held under hire purchase contracts or finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 768,961 314,036
Other debtors 3,254 42,351
Directors' current accounts - 9,118
Prepayments 18,559 26,544
790,774 392,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 50,000
Trade creditors 55,756 60,872
Tax 139,847 92,395
Social security and other taxes 21,161 56,277
VAT 154,469 116,303
Other creditors 125,827 14,653
Directors' current accounts 2,656 -
Accrued expenses 25,918 4,250
525,634 394,750

Jam Films Ltd (Registered number: 07600300)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 50,000
Bank loans - 2-5 years - 150,000
- 200,000

8. RELATED PARTY DISCLOSURES

During the year the company paid out £392,000 (£418,270 in 2022) as dividends to R&A Holdings (London) Limited.

At the year end R&A Holdings (London) Limited owed the company £9,597 (£11,607 in 2022).

At the year end Jam VFX Brighton Limited owed the company £81,954 (£40,268 was owed to Jam VFX Brighton Limited in 2022)

At the year end date the company owed the directors £2,656 (owed £9,118 in 2022).

9. ULTIMATE CONTROLLING PARTY

R&A Holdings (London) Ltd has a controlling interest as it owns over 75% of the share capital throughout the current and previous year.