0 30/11/2023 2023-11-30 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP NI615503 2022-12-01 2023-11-30 NI615503 2023-11-30 NI615503 2022-11-30 NI615503 2021-12-01 2022-11-30 NI615503 2022-11-30 NI615503 2021-11-30 NI615503 bus:Director1 2022-12-01 2023-11-30 NI615503 core:WithinOneYear 2023-11-30 NI615503 core:WithinOneYear 2022-11-30 NI615503 core:AfterOneYear 2023-11-30 NI615503 core:AfterOneYear 2022-11-30 NI615503 core:ShareCapital 2023-11-30 NI615503 core:ShareCapital 2022-11-30 NI615503 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI615503 core:RetainedEarningsAccumulatedLosses 2022-11-30 NI615503 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 NI615503 core:Non-currentFinancialInstruments 2023-11-30 NI615503 core:Non-currentFinancialInstruments 2022-11-30 NI615503 bus:SmallEntities 2022-12-01 2023-11-30 NI615503 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 NI615503 bus:FullAccounts 2022-12-01 2023-11-30 NI615503 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI615503 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Company registration number: NI615503
FORT KNOX PRODUCTIONS LIMITED
Unaudited filleted financial statements
30 November 2023
FORT KNOX PRODUCTIONS LIMITED
Contents
Statement of financial position
Notes to the financial statements
FORT KNOX PRODUCTIONS LIMITED
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 4 12,233 12,233
_______ _______
12,233 12,233
Current assets
Stocks 70,240 70,240
Debtors 5 71,018 71,018
Cash at bank and in hand 174 182
_______ _______
141,432 141,440
Creditors: amounts falling due
within one year 6 ( 150,539) ( 150,539)
_______ _______
Net current liabilities ( 9,107) ( 9,099)
_______ _______
Total assets less current liabilities 3,126 3,134
Creditors: amounts falling due
after more than one year 7 ( 12,233) ( 12,233)
_______ _______
Net liabilities ( 9,107) ( 9,099)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 9,207) ( 9,199)
_______ _______
Shareholders deficit ( 9,107) ( 9,099)
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 February 2024 , and are signed on behalf of the board by:
Raymond Knox
Director
Company registration number: NI615503
FORT KNOX PRODUCTIONS LIMITED
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 91 Banbridge Road, Waringstown, Craigavon, Co. Armagh, BT66 7RU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 December 2022 and 30 November 2023 12,233 12,233
_______ _______
Impairment
At 1 December 2022 and 30 November 2023 - -
_______ _______
Carrying amount
At 30 November 2023 12,233 12,233
_______ _______
At 30 November 2022 12,233 12,233
_______ _______
The company owns shares in Fort Knox Productions Inc., a company which is registered in the USA.
5. Debtors
2023 2022
£ £
Other debtors 71,018 71,018
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 150,539 150,539
_______ _______
7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 12,233 12,233
_______ _______