Registered number
00478180
Graham Greene Productions Limited
Unaudited Filleted Accounts
31 March 2023
Graham Greene Productions Limited
Registered number: 00478180
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 1 1
Investments 5 83,318 82,553
83,319 82,554
Current assets
Debtors 6 6,242 9,992
Cash at bank and in hand 195,002 236,329
201,244 246,321
Creditors: amounts falling due within one year 7 (17,336) (50,769)
Net current assets 183,908 195,552
Total assets less current liabilities 267,227 278,106
Provisions for liabilities (15,406) (15,260)
Net assets 251,821 262,846
Capital and reserves
Called up share capital 100 100
Profit and loss account 251,721 262,746
Shareholders' funds 251,821 262,846
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.
O R Greene
Director
Approved by the board on 15 August 2023
Graham Greene Productions Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with FRS 102 Section 1A of the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Intangible fixed assets
Intangible fixed assets represents rights in non-publication exploitation of the works of Graham Greene which are stated at cost less a provision to reduce net book value to £1.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Income recognition
Income is recognised when royalties have been received from customers such that risks and rewards of ownership have transferred to them.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
4 Intangible fixed assets £
Copyrights:
Cost
At 1 April 2022 1
At 31 March 2023 1
Amortisation
At 31 March 2023 -
Net book value
At 31 March 2023 1
At 31 March 2022 1
5 Investments
Other
investments
£
Fair value
At 1 April 2022 82,553
Revaluation 765
At 31 March 2023 83,318
Historical cost
At 1 April 2022 2,235
At 31 March 2023 2,235
6 Debtors 2023 2022
£ £
Trade debtors - 3,750
Other debtors 6,242 6,242
6,242 9,992
7 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 5,178 17,350
Taxation and social security 5,878 1,534
Accruals and Deferred Income 6,280 31,885
17,336 50,769
8 Related party transactions
Dividends paid to directors in their capacity as shareholders during the year amounted to £12,600 (2022: £12,600).
Consultancy Fees of £6,510 (2022: £4,364) were paid to a business in which C V A Greene has an interest.
9 Controlling party
The company is controlled by the directors and shareholders with no one person in overall control.
10 Other information
Graham Greene Productions Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street,
LONDON
EC2A 4DJ
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