Registered number: 10175455

Upstart Productions Ltd
Unaudited Financial Statements
for the year ended 31 May 2023

Statement of Financial Position

as at 31 May 2023

  2023
2022
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  9,212  
 
  12,022  
Current assets  
23,508    
 
20,511    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 28,512 )  
 
( 32,121 )  
Net current assets (liabilities)  
  ( 5,004 )
 
  ( 11,610 )
Total assets less current liabilities  
  4,208  
 
  412  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  4,208  
 
  412  
   
Capital and reserves  
  4,208  
 
  412  

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Footnotes to the Statement of Financial Position

Stephen Hughes Mia Michelino

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Stephen Hughes

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £10,160 by Stephen Hughes, a director of the company, on 01/06/2022.

During the accounting year the maximum amount repayable to Stephen Hughes was £11,557

The following conditions are attached to amount payable to Stephen Hughes:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/06/2022 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/05/2023
£ £ £ £ £ £ £
8,333   ( 13,802 )
( 13,802 )
15,629
15,629  
0 0 0 10,160  

Mia Michelino

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £4,583 by Mia Michelino, a director of the company, on 01/06/2022.

During the accounting year the maximum amount repayable to Mia Michelino was £13,584

The following conditions are attached to amount payable to Mia Michelino:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/06/2022 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/05/2023
£ £ £ £ £ £ £
13,584   ( 19,647 )
( 19,647 )
10,646
10,646  
0 0 0 4,583  

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/05/2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 10175455

c) The company is a private company and is limited by shares

d) The companies registered office address is 3rd Floor 86 - 90 Paul Street, London, EC2A 4NE, United Kingdom



Approved by the board of directors and signed on behalf of the board,

Upstart Productions Ltd
Director Stephen Hughes
Date of approval: 14/03/2024
The company was trading for the entire period 2022-06-01 2023-05-31 2023-05-31 photography services 2024-03-14 2024-03-14