Copper Flower Films Ltd 12048172 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of motion picture production activities. Digita Accounts Production Advanced 6.30.9574.0 true true 12048172 2022-07-01 2023-06-30 12048172 2023-06-30 12048172 core:CurrentFinancialInstruments 2023-06-30 12048172 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12048172 1 2023-06-30 12048172 bus:SmallEntities 2022-07-01 2023-06-30 12048172 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12048172 bus:FilletedAccounts 2022-07-01 2023-06-30 12048172 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12048172 bus:RegisteredOffice 2022-07-01 2023-06-30 12048172 bus:Director1 2022-07-01 2023-06-30 12048172 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12048172 countries:EnglandWales 2022-07-01 2023-06-30 12048172 1 2022-07-01 2023-06-30 12048172 1 2022-06-30 12048172 2021-07-01 2022-06-30 12048172 2022-06-30 12048172 core:CurrentFinancialInstruments 2022-06-30 12048172 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 12048172 1 2022-06-30 12048172 1 2021-07-01 2022-06-30 12048172 1 2021-06-30 iso4217:GBP xbrli:pure

Registration number: 12048172

Copper Flower Films Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Copper Flower Films Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Copper Flower Films Ltd

(Registration number: 12048172)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

100

100

Investments

5

265,821

244,421

 

265,921

244,521

Creditors: Amounts falling due within one year

6

(293,197)

(270,827)

Net liabilities

 

(27,276)

(26,306)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(27,376)

(26,406)

Shareholders' deficit

 

(27,276)

(26,306)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 28 March 2024
 


Ms L A L Teufelberger
Director

 

Copper Flower Films Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 York Buildings
London
WC2N 6JN

Principal activity

The principal activity of the company is that of motion picture production activities.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The company meets its day to day working capital requirements through support from the director which will continue for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

 

Copper Flower Films Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tax

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 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Copper Flower Films Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

4

Debtors

2023
£

2022
£

Other debtors

100

100

100

100

5

Current asset investments

2023
£

2022
£

Other investments

265,821

244,421

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

970

900

Other creditors

292,227

269,927

293,197

270,827

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with the director

2023

At 1 July 2022
£

Repayments by director
£

At 30 June 2023
£

Director

(269,927)

(22,300)

(292,227)

       
     

 

2022

At 1 July 2021
£

Repayments by director
£

At 30 June 2022
£

Director

(263,627)

(6,300)

(269,927)