Registered number
10826882
Wohlenberg Pictures Ltd
Unaudited Filleted Accounts
30 June 2023
Wohlenberg Pictures Ltd
Registered number: 10826882
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,599 8,499
Investments 4 1,510,378 725,812
1,525,977 734,311
Current assets
Debtors 5 30,495 33,180
Cash at bank and in hand 426,299 471,244
456,794 504,424
Creditors: amounts falling due within one year 6 (328,664) (244,791)
Net current assets 128,130 259,633
Total assets less current liabilities 1,654,107 993,944
Provisions for liabilities (1,140) -
Net assets 1,652,967 993,944
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,652,867 993,844
Shareholder's funds 1,652,967 993,944
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sanne Wohlenberg
Director
Approved by the board on 8 March 2024
Wohlenberg Pictures Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 15,549
Additions 10,999
At 30 June 2023 26,548
Depreciation
At 1 July 2022 7,050
Charge for the year 3,899
At 30 June 2023 10,949
Net book value
At 30 June 2023 15,599
At 30 June 2022 8,499
4 Investments
Other
investments
£
Fair value
At 1 July 2022 725,812
Additions 1,042,530
Revaluation 26,504
Disposals (284,468)
At 30 June 2023 1,510,378
Historical cost
At 1 July 2022 763,359
At 30 June 2023 1,521,420
5 Debtors 2023 2022
£ £
Trade debtors 30,000 30,180
Other debtors 495 3,000
30,495 33,180
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 459 3,591
Taxation and social security costs 273,176 202,664
Other creditors 55,029 38,536
328,664 244,791
7 Other information
Wohlenberg Pictures Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Gateway Mews
London
N11 2UT
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