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REGISTERED NUMBER: 11228246 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NUMBER 9 VFX PRODUCTION SERVICES UK LTD

NUMBER 9 VFX PRODUCTION SERVICES UK LTD (REGISTERED NUMBER: 11228246)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NUMBER 9 VFX PRODUCTION SERVICES UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr Tanzeel Rehman





REGISTERED OFFICE: Bradsbury Court
Unit 7, Level 5
Lyon Square
Harrow
HA1 2EX





REGISTERED NUMBER: 11228246 (England and Wales)





AUDITORS: Ashford Louis
Chartered Certified Accountants
& Statutory Auditors
187 High Road Leyton
London
E15 2BY

NUMBER 9 VFX PRODUCTION SERVICES UK LTD (REGISTERED NUMBER: 11228246)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,658,763 23,734

CURRENT ASSETS
Debtors 6 10,519,089 9,508,330
Cash at bank 125,056 174,892
10,644,145 9,683,222
CREDITORS
Amounts falling due within one year 7 2,495,313 2,003,437
NET CURRENT ASSETS 8,148,832 7,679,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,807,595

7,703,519

CREDITORS
Amounts falling due after more than one
year

8

30,901

36,416
NET ASSETS 9,776,694 7,667,103

CAPITAL AND RESERVES
Called up share capital 9 300 200
Retained earnings 10 9,776,394 7,666,903
SHAREHOLDERS' FUNDS 9,776,694 7,667,103

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





Mr Tanzeel Rehman - Director


NUMBER 9 VFX PRODUCTION SERVICES UK LTD (REGISTERED NUMBER: 11228246)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Number 9 VFX Production Services UK Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The total turnover of the company for the year has been derived from the provision of goods and services falling within the company's principal activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only enters into basic financial instrument transitions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to relate to parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivables and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or order consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at the market rates of interest for a similar debt instrument and subsequently at amortised cost, unless it quantifies as a loan from a director in the case of a small company or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the assets if it were to be sold at the reporting date.

Financial assets and liabilities are offsets and the net amount reported in the Statement of Financial Position where there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously.


NUMBER 9 VFX PRODUCTION SERVICES UK LTD (REGISTERED NUMBER: 11228246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, a period of more than twelve months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. AUDITORS' REMUNERATION
31.3.23 31.3.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

5,000

4,500

NUMBER 9 VFX PRODUCTION SERVICES UK LTD (REGISTERED NUMBER: 11228246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 25,725 8,783 34,508
Additions 450 2,006,080 2,006,530
At 31 March 2023 26,175 2,014,863 2,041,038
DEPRECIATION
At 1 April 2022 7,964 2,810 10,774
Charge for year 4,524 366,977 371,501
At 31 March 2023 12,488 369,787 382,275
NET BOOK VALUE
At 31 March 2023 13,687 1,645,076 1,658,763
At 31 March 2022 17,761 5,973 23,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 148,056 702,519
Amounts owed by associates 9,230,088 7,801,392
Other debtors 1,140,945 1,004,419
10,519,089 9,508,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 786,377 747,121
Taxation and social security 69,378 425,569
Other creditors 1,629,558 820,747
2,495,313 2,003,437

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 30,901 36,416

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
200 Ordinary £1 300 200

NUMBER 9 VFX PRODUCTION SERVICES UK LTD (REGISTERED NUMBER: 11228246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. RESERVES
Retained
earnings
£   

At 1 April 2022 7,666,903
Profit for the year 2,161,991
Dividends (52,500 )
At 31 March 2023 9,776,394

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hayford Doh FCCA MBA (Senior Statutory Auditor)
for and on behalf of Ashford Louis

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company paid dividends totalling £52,500 (2022 : £30,000). At the balance sheet date, the company was owed its director £35,990 (2022 : £6,020).