Registered number: 01937901
Otmoor Productions Limited
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 November 2023
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Otmoor Productions Limited
Company Information
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168 Shoreditch High Street
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168 Shoreditch High Street
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Otmoor Productions Limited
Registered number: 01937901
Balance sheet
As at 30 November 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2024.
The notes on pages 2 to 6 form part of these financial statements.
Page 1
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Otmoor Productions Limited
Notes to the financial statements
For the Year Ended 30 November 2023
The company is registered as a private company limited by shares, incorporated and domiciled in England & Wales. The company's registered office is at 2nd Floor 168 Shoreditch High Street, London, United Kingdom, E1 6RA.
The company's principal activity during the year was that of television producers. The company's trading address is 9 Turret House, New High Street, Oxford, OX3 7BA.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The following principal accounting policies have been applied:
The director has prepared these financial statements on the going concern basis. COVID-19 pandemic had an impact on the the world and the economies are still recovering. The director has reviewed the company's position and is satisfied that it is able to continue without any major issues, and that the going concern basis of preparation is the correct basis.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at
rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the Profit and loss account.
Turnover comprises revenue recognised by the company in respect of the services supplied during
the year, exclusive of Value Added Tax and trade discounts.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Page 2
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Otmoor Productions Limited
Notes to the financial statements
For the Year Ended 30 November 2023
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price.
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The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
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Page 3
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Otmoor Productions Limited
Notes to the financial statements
For the Year Ended 30 November 2023
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Charge for the year on owned assets
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Cash and cash equivalents
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Page 4
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Otmoor Productions Limited
Notes to the financial statements
For the Year Ended 30 November 2023
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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The overdraft facility with Barclays Bank Plc is secured by fixed and floating charges over the company's assets.
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Creditors: Amounts falling due after more than one year
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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Page 5
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Otmoor Productions Limited
Notes to the financial statements
For the Year Ended 30 November 2023
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Allotted, called up and fully paid
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100 (2022 - 100) Ordinary shares of £1 each
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Related party transactions
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During the year, the director paid expenses personally on behalf of the company. As at 30 November
2023 the other creditors includes £40,805 (2022 - £57,419) owed to the director.
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The company is controlled by John Edginton by virtue of the fact he owns 100% of the issued share capital.
Page 6
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