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COMPANY REGISTRATION NUMBER: 10231564
Hysteria Pictures Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2023
Hysteria Pictures Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
420
Cash at bank and in hand
149,281
151,153
---------
---------
149,281
151,573
Creditors: amounts falling due within one year
5
67,975
67,775
---------
---------
Net current assets
81,306
83,798
--------
--------
Total assets less current liabilities
81,306
83,798
Creditors: amounts falling due after more than one year
6
594,000
594,000
---------
---------
Net liabilities
( 512,694)
( 510,202)
---------
---------
Capital and reserves
Profit and loss account
( 512,694)
( 510,202)
---------
---------
Shareholder deficit
( 512,694)
( 510,202)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 March 2024 , and are signed on behalf of the board by:
Mr A Ball
Director
Company registration number: 10231564
Hysteria Pictures Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Holme Cottage, Broadway Lane, Lovedean, Waterlooville, PO8 0SS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The director has assessed the Company's ability to continue as a going concern and has reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. At the balance sheet date the company had negative shareholder funds of £512,694 (2022: £510,202). The future of the company is dependent upon the continued support of the director and the parent company who has the same director. This support will be available for at least twelve months from the date of signing of these financial statements and will be sufficient to enable the company to meet its obligations as they fall due. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Production costs
Production costs are carried forward where, in the opinion of the director, they are expected to prove recoverable in future.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other debtors and cash, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4. Debtors
2023
2022
£
£
Other debtors
420
----
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
67,975
67,775
--------
--------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
594,000
594,000
---------
---------
7. Deferred tax
The company has an unrecognised deferred tax asset of £154,416 at 30 June 2023 (2022: £153,793) which has arisen from losses carried forward. Its recoverability is dependent upon future profits arising, the likelihood of which cannot at this stage be determined with reasonable certainty.
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.01 each
2
2
----
----
----
----
9. Related party transactions
As at 30 June 2023 the company was due £594,000 (2022: £594,000) to Tilly Films Limited, the holding company. The loan is interest free and is repayable upon demand. At 30 June 2023 £65,675 (2022: £65,675) was due to Mr A Ball , director, which is included within other creditors. The loan is interest free and is repayable upon demand.