Brinkworth Films Limited
Unaudited Financial Statements
For the Period ended 31 December 2022
Pages for Filing with Registrar
Company Registration No. 08784273 (England and Wales)
Brinkworth Films Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Brinkworth Films Limited
Balance Sheet
As at 31 December 2022
Page 1
2022
2022
as restated
Notes
£
£
£
£
Current assets
Debtors
3
1,096,144
733,995
Cash at bank and in hand
72,982
359,728
1,169,126
1,093,723
Creditors: amounts falling due within one year
4
(187,058)
(96,729)
Net current assets
982,068
996,994
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
981,968
996,894
Total equity
982,068
996,994

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 January 2024
M Brinkworth
Director
Company Registration No. 08784273
Brinkworth Films Limited
Statement of Changes in Equity
For the period ended 31 December 2022
Page 2
Share capital
Profit and loss reserves
Total
£
£
£
As restated for the period ended 31 October 2022:
Balance at 1 May 2021
100
54,572
54,672
Effect of prior period adjustment
-
798,540
798,540
As restated
100
853,112
853,212
Year ended 31 October 2022:
Profit and total comprehensive income for the year
-
143,782
143,782
Balance at 31 October 2022
100
996,894
996,994
Period ended 31 December 2022:
Loss and total comprehensive income for the period
-
(14,926)
(14,926)
Balance at 31 December 2022
100
981,968
982,068
Brinkworth Films Limited
Notes to the Financial Statements
For the period ended 31 December 2022
Page 3
1
Accounting policies
Company information

Brinkworth Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is Block C The Piano Factory, Imperial Works, Perren Street, London, England, NW5 3ED.

1.1
Reporting period

The financial statements cover the 2 month period from 1 November 2022 to the 31 December 2022. A December year end has been chosen to align the year end with the rest of the group.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to trade in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Brinkworth Films Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2022
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2022
2022
Number
Number
Total
1
1
Brinkworth Films Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2022
Page 5
3
Debtors
2022
2022
Amounts falling due within one year:
£
£
Trade debtors
495,771
488,680
Amounts owed by group undertakings
545,315
245,315
Prepayments and accrued income
55,058
-
0
1,096,144
733,995
4
Creditors: amounts falling due within one year
2022
2022
£
£
Corporation tax
133,845
133,845
Other taxation and social security
38,328
36,975
Other creditors
11,885
(74,091)
Accruals and deferred income
3,000
-
0
187,058
96,729
5
Called up share capital
2022
2022
2022
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Related party transactions

Brinkworth Films Limited has taken the exemption to disclose related party transactions under the same 100% control in accordance with FRS102 - Section 33 "Related Party Disclosures" paragraph 33.7.

7
Parent company

The company is controlled by Brinkworth Television Limited, its immediate and ultimate parent company.

 

The ultimate controlling party is M Brinkworth by virtue of his 100% equity shareholding in Brinkworth Television Limited.

Brinkworth Films Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2022
Page 6
8
Prior period adjustment
Reconciliation of changes in equity
1 May
31 October
2021
2022
£
£
Adjustments to prior Period
Reversal of accrual for management charge
798,540
798,540
Equity as previously reported
54,672
198,454
Equity as adjusted
853,212
996,994
Analysis of the effect upon equity
Profit and loss reserves
798,540
798,540
Reconciliation of changes in profit for the previous financial period
2022
£
Total adjustments
-
Profit as previously reported
143,782
Profit as adjusted
143,782
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