Silverfin false false 31/12/2023 01/01/2023 31/12/2023 M Fineman 17/10/2017 N Gale 17/10/2017 22 February 2024 The principal activity of the Company is that of providing music agent services. 11015983 2023-12-31 11015983 bus:Director1 2023-12-31 11015983 bus:Director2 2023-12-31 11015983 2022-12-31 11015983 core:CurrentFinancialInstruments 2023-12-31 11015983 core:CurrentFinancialInstruments 2022-12-31 11015983 core:ShareCapital 2023-12-31 11015983 core:ShareCapital 2022-12-31 11015983 core:RetainedEarningsAccumulatedLosses 2023-12-31 11015983 core:RetainedEarningsAccumulatedLosses 2022-12-31 11015983 core:OtherPropertyPlantEquipment 2022-12-31 11015983 core:OtherPropertyPlantEquipment 2023-12-31 11015983 bus:OrdinaryShareClass1 2023-12-31 11015983 bus:OrdinaryShareClass2 2023-12-31 11015983 2023-01-01 2023-12-31 11015983 bus:FilletedAccounts 2023-01-01 2023-12-31 11015983 bus:SmallEntities 2023-01-01 2023-12-31 11015983 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11015983 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11015983 bus:Director1 2023-01-01 2023-12-31 11015983 bus:Director2 2023-01-01 2023-12-31 11015983 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 11015983 2022-01-01 2022-12-31 11015983 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 11015983 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11015983 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 11015983 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 11015983 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 11015983 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 11015983 bus:OrdinaryShareClass3 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11015983 (England and Wales)

BIGGER PICTURE ENTERTAINMENT LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BIGGER PICTURE ENTERTAINMENT LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BIGGER PICTURE ENTERTAINMENT LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
BIGGER PICTURE ENTERTAINMENT LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,173 2,900
2,173 2,900
Current assets
Debtors 4 25 0
Cash at bank and in hand 5 18,410 9,420
18,435 9,420
Creditors: amounts falling due within one year 6 ( 44,224) ( 38,798)
Net current liabilities (25,789) (29,378)
Total assets less current liabilities (23,616) (26,478)
Net liabilities ( 23,616) ( 26,478)
Capital and reserves
Called-up share capital 7 125 100
Profit and loss account ( 23,741 ) ( 26,578 )
Total shareholders' deficit ( 23,616) ( 26,478)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bigger Picture Entertainment Ltd (registered number: 11015983) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Fineman
Director

22 February 2024

BIGGER PICTURE ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BIGGER PICTURE ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bigger Picture Entertainment Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 5,214 5,214
Additions 624 624
At 31 December 2023 5,838 5,838
Accumulated depreciation
At 01 January 2023 2,314 2,314
Charge for the financial year 1,351 1,351
At 31 December 2023 3,665 3,665
Net book value
At 31 December 2023 2,173 2,173
At 31 December 2022 2,900 2,900

4. Debtors

2023 2022
£ £
Other debtors 25 0

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 18,410 9,420

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 33,200 33,201
Accruals 1,800 1,800
Other taxation and social security 5,644 520
Other creditors 3,580 3,277
44,224 38,798

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10,000 Ordinary A shares of £ 0.01 each (2022: nil shares) 100 0
2,500 Ordinary B shares of £ 0.01 each (2022: nil shares) 25 0
nil Ordinary shares (2022: 100 shares of £ 1.00 each) 0 100
125 100