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REGISTERED NUMBER: 03568966 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2023

for

ZCZ FILMS LIMITED

ZCZ FILMS LIMITED (REGISTERED NUMBER: 03568966)






Contents of the Financial Statements
for the year ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZCZ FILMS LIMITED

Company Information
for the year ended 31 MARCH 2023







DIRECTORS: W Januszczak
Y Katayama





SECRETARY: Y Katayama





REGISTERED OFFICE: 75 Fortess Road
Kentish Town
London
NW5 1AG





REGISTERED NUMBER: 03568966 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

ZCZ FILMS LIMITED (REGISTERED NUMBER: 03568966)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,815 32,071

CURRENT ASSETS
Debtors 5 73,228 4,261
Cash at bank and in hand 48,901 55,393
122,129 59,654
CREDITORS
Amounts falling due within one year 6 100,176 65,338
NET CURRENT ASSETS/(LIABILITIES) 21,953 (5,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,768

26,387

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 60,768 25,387
SHAREHOLDERS' FUNDS 61,768 26,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ZCZ FILMS LIMITED (REGISTERED NUMBER: 03568966)

Balance Sheet - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:




W Januszczak - Director



Y Katayama - Director


ZCZ FILMS LIMITED (REGISTERED NUMBER: 03568966)

Notes to the Financial Statements
for the year ended 31 MARCH 2023

1. STATUTORY INFORMATION

ZCZ Films Limited 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 and revenue recognition
Turnover represents fees received for work done during the year, excluding value added tax. Fee income represents revenue earned under a wide variety of contracts to provide Television and Film Production services.

Revenue is recognised as earned when and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Fee income that is contingent on events outside of the control of the firm, is recognised when the contingent event occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Edit suite rebuild & equipment - 25% on cost
Fixtures and fittings - 25% on cost
Computer and office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ZCZ FILMS LIMITED (REGISTERED NUMBER: 03568966)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Edit Computer
suite Fixtures and
rebuild & and office
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 38,280 14,500 1,767 54,547
Additions 2,850 4,973 20,704 28,527
At 31 March 2023 41,130 19,473 22,471 83,074
DEPRECIATION
At 1 April 2022 11,042 9,667 1,767 22,476
Charge for year 9,792 6,076 4,915 20,783
At 31 March 2023 20,834 15,743 6,682 43,259
NET BOOK VALUE
At 31 March 2023 20,296 3,730 15,789 39,815
At 31 March 2022 27,238 4,833 - 32,071

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,688 -
Anish Kapoor take over 683 -
Mannerism 26,558 -
Tax - 4,261
Prepayments and accrued income 2,299 -
73,228 4,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 43,663 61,077
Tax 11,496 3,316
VAT 5,935 -
Directors' current accounts 1,186 945
Accruals and deferred income 37,896 -
100,176 65,338

ZCZ FILMS LIMITED (REGISTERED NUMBER: 03568966)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000