Antenna Pictures Limited Filleted Accounts Cover
Antenna Pictures Limited
Company No. 12153250
Information for Filing with The Registrar
For the year ended
31 August 2023
Antenna Pictures Limited Balance Sheet Registrar
at
31 August 2023
Company No.
12153250
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
1,4922,238
1,4922,238
Current assets
Debtors
5
3078,004
Cash at bank and in hand
39720
3468,724
Creditors: Amount falling due within one year
6
(4,406)
(10,519)
Net current liabilities
(4,060)
(1,795)
Total assets less current liabilities
(2,568)
443
Provisions for liabilities
Deferred taxation
(283)
(425)
Net (liabilities)/assets
(2,851)
18
Capital and reserves
Called up share capital
7
11
Profit and loss account
8
(2,852)
17
Total equity
(2,851)
18
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 March 2024 and signed on its behalf by:
J.T.B. Lee
Director
28 March 2024
Antenna Pictures Limited Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
Antenna Pictures Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12153250
Its registered office is:
90 Vicars Moor Lane
London
N21 1BN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Going concern
At the balance sheet date, the company had net liabilities of £2,851. The ability of the company to continue trading is dependent on the continued support of the director and the company’s creditors. The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the director and the creditors of the company.
2
Accounting policies
Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes after making necessary adjustments for accrued and deferred income.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 September 2022
2,9842,984
At 31 August 2023
2,9842,984
Depreciation
At 1 September 2022
746746
Charge for the year
746746
At 31 August 2023
1,4921,492
Net book values
At 31 August 2023
1,4921,492
At 31 August 2022
2,238
2,238
5
Debtors
2023
2022
£
£
Corporation tax recoverable
307-
Loans to directors
-8,004
3078,004
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
-
8,980
Loans from directors
3,455-
Other creditors
5050
Accruals and deferred income
9011,489
4,40610,519
7
Share Capital
Share capital includes following:
2023
2022
£
£
1 ordinary shares of £1 each
1
1
1
1
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
At the Balance Sheet date the company owed £3,455 to the director (2022: £8,004 was owed from the director).
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