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REGISTERED NUMBER: 00561520 (England and Wales)













Report of the Directors and

Financial Statements

for the Year Ended 31 March 2023

for

Mersham Productions Limited

Mersham Productions Limited (Registered number: 00561520)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Mersham Productions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: The Hon M-J Knatchbull
Miss K L D Knatchbull





REGISTERED OFFICE: c/o Strutt & Parker
2 St Margaret's Street
Canterbury
Kent
CT1 2SL





REGISTERED NUMBER: 00561520 (England and Wales)





ACCOUNTANTS: Strutt & Parker
Coval Hall
Rainsford Road
Chelmsford
Essex
CM1 2QF

Mersham Productions Limited (Registered number: 00561520)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

The Hon M-J Knatchbull
Miss K L D Knatchbull

POLITICAL DONATIONS AND EXPENDITURE
A donation of £540 has been made during the year to the BAFTA Campaign.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





The Hon M-J Knatchbull - Director


30 January 2024

Mersham Productions Limited (Registered number: 00561520)

Income Statement
for the Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER 80,970 57,163

Administrative expenses (181,407 ) (139,238 )
(100,437 ) (82,075 )

Other operating income 232,680 233,121
OPERATING PROFIT 132,243 151,046
PROFIT BEFORE TAXATION 4 132,243 151,046

Tax on profit 5 (22,203 ) (30,927 )
PROFIT FOR THE FINANCIAL YEAR 110,040 120,119

Mersham Productions Limited (Registered number: 00561520)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 329,505 251,144
Investments 7 149,070 149,070
478,575 400,214

CURRENT ASSETS
Debtors 8 188,469 147,396
Cash at bank 352,066 398,664
540,535 546,060
CREDITORS
Amounts falling due within one year 9 1,273,898 1,311,102
NET CURRENT LIABILITIES (733,363 ) (765,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(254,788

)

(364,828

)

CAPITAL AND RESERVES
Called up share capital 10 301,530 301,530
Non distributable reserves 11 105,217 105,217
Retained earnings 11 (661,535 ) (771,575 )
SHAREHOLDERS' FUNDS (254,788 ) (364,828 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





The Hon M-J Knatchbull - Director


Mersham Productions Limited (Registered number: 00561520)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mersham Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents revenue due from the normal activities of the business to the extent that the seller obtains a right to consideration in the exchanged for its performance of those activities, exclusive of VAT.

The revenue recognised is measured by reference to the amounts likely to be chargeable to the customers, less a suitable allowance to recognise the uncertainties remaining in the completion of the obligations. Contingent income is recognised only when the contingent element is assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

L/Term leasehold property - Written off over the duration of the lease
Plant & machinery - 5 - 25% reducing balance
Furniture & equipment - 10 - 33.3% reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 0.

4. PROFIT BEFORE TAXATION

The profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 17,996 19,484

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 22,203 30,927
Tax on profit 22,203 30,927

Mersham Productions Limited (Registered number: 00561520)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 284,409 137,542 421,951
Additions - 96,357 96,357
At 31 March 2023 284,409 233,899 518,308
DEPRECIATION
At 1 April 2022 91,245 79,562 170,807
Charge for year 14,220 3,776 17,996
At 31 March 2023 105,465 83,338 188,803
NET BOOK VALUE
At 31 March 2023 178,944 150,561 329,505
At 31 March 2022 193,164 57,980 251,144

7. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2 149,068 149,070
NET BOOK VALUE
At 31 March 2023 2 149,068 149,070
At 31 March 2022 2 149,068 149,070

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 57,833 51,609
Other debtors 10,210 -
VAT 8,908 9,302
Prepayments and accrued income 71,518 46,485
148,469 107,396

Amounts falling due after more than one year:
Deferred tax asset 40,000 40,000

Aggregate amounts 188,469 147,396

Mersham Productions Limited (Registered number: 00561520)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,848 23,167
Amounts owed to group undertakings 21,130 21,130
Corporation tax 22,203 31,772
Other creditors 117,415 101,847
Directors' loan accounts 1,100,072 1,120,072
Accruals and deferred income 9,230 13,114
1,273,898 1,311,102

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
301,530 Ordinary shares 1 301,530 301,530

11. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 April 2022 (771,575 ) 105,217 (666,358 )
Profit for the year 110,040 110,040
At 31 March 2023 (661,535 ) 105,217 (556,318 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is The Hon M-J Knatchbull.