Registered number
12637831
HANDCRAFTED PICTURES LIMITED
Filleted Accounts
31 August 2023
HANDCRAFTED PICTURES LIMITED
Registered number: 12637831
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Work in progress - 3,419,706
Debtors 3 277,832 697,980
Cash at bank and in hand 49,488 49,645
327,320 4,167,331
Creditors: amounts falling due within one year 4 (422,173) (3,582,461)
Net current (liabilities)/assets (94,853) 584,870
Net (liabilities)/assets (94,853) 584,870
Capital and reserves
Called up share capital 100 100
Profit and loss account (94,953) 584,770
Shareholders' funds (94,853) 584,870
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sudipto Sarkar
Director
Approved by the board on 22 November 2023
HANDCRAFTED PICTURES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film "Operation Mayfair" (the Film). All of the tunrover recognised by the Company relates only to this Film.

The turnover in the profit & loss account relates to the invoices raised on Super Cassettes Industries Pvt Ltd towards funding in relation to the acquisition of the Film.
Cost of sales
Production cost of the Film is recognised in the profit & loss account as cost of sales on delivery of the Film to the acquirer.
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance production cost of the Film at the last year balance sheet date was carried forward as work in progress on the basis that it was deemed recoverable from the future income/revenue of the Film. In the current year, work in progress is transferred to cost of sales.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 18
3 Debtors 2023 2022
£ £
VAT receivable 1,625 56,263
Other debtors 276,207 641,717
277,832 697,980
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 50,000 802,981
Taxation and social security costs - 380
Other creditors 372,173 2,779,100
422,173 3,582,461
5 Related party transactions
During the year ended 31 August 2023, Flame Visuals Ltd provided short term loan of £30,000 (p/e 31/08/2022: NIL) to the Company.

During the year ended 31 August 2023, Flame Visuals Ltd invoiced the Company for NIL (p/e 31/08/2022: £27,793).

Mr. Sudipto Sarkar, director of the Company is also director of Flame Visuals Ltd.

The director of companies confirm that all transactions between these companies has been on arms length basis.
6 Controlling party
Mr Sudipto Sarkar, the director, shareholder & PSC of the Company is the ultimate controlling party.
7 Other information
HANDCRAFTED PICTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
HANDCRAFTED PICTURES LIMITED 12637831 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts October 2023 release 2 Sudipto Sarkar No description of principal activity 12637831 2021-07-01 2022-08-31 12637831 core:WithinOneYear 2022-08-31 12637831 core:ShareCapital 2022-08-31 12637831 core:RetainedEarningsAccumulatedLosses 2022-08-31 12637831 2022-09-01 2023-08-31 12637831 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12637831 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12637831 bus:Director40 2022-09-01 2023-08-31 12637831 countries:England 2022-09-01 2023-08-31 12637831 bus:FRS102 2022-09-01 2023-08-31 12637831 bus:FullAccounts 2022-09-01 2023-08-31 12637831 2023-08-31 12637831 core:WithinOneYear 2023-08-31 12637831 core:ShareCapital 2023-08-31 12637831 core:RetainedEarningsAccumulatedLosses 2023-08-31 12637831 2022-08-31 iso4217:GBP xbrli:pure