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Registered number: 08100681
Molifilms Entertainment Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08100681
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 5 1 1
1 1
CURRENT ASSETS
Debtors 6 850 850
Cash at bank and in hand 5 -
855 850
Creditors: Amounts Falling Due Within One Year 7 (98,252 ) (98,536 )
NET CURRENT ASSETS (LIABILITIES) (97,397 ) (97,686 )
TOTAL ASSETS LESS CURRENT LIABILITIES (97,396 ) (97,685 )
Creditors: Amounts Falling Due After More Than One Year 8 (19,585 ) (17,585 )
NET LIABILITIES (116,981 ) (115,270 )
CAPITAL AND RESERVES
Called up share capital 9 44,250 44,250
Share premium account 3,385,171 3,385,171
Profit and Loss Account (3,546,402 ) (3,544,691 )
SHAREHOLDERS' FUNDS (116,981) (115,270)
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Bradley Moore
Director
02/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Molifilms Entertainment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08100681 . The registered office is 10 Bartholomew Green, Markyate, St Albans, Hertfordshire, AL3 8RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the reporting date the company had net liabilities of £115,270 (2021: £113,696) and is dependent on the support of credit terms from its suppliers and loans from third parties. The company meets its day to day working capital requirements through the utilisation of credit terms from its suppliers and third party loans.
The rights to films are exploited by the company and the director is hopeful that sufficient revenue will be generated from which funds will be made available to make payments to all clear all outstanding loans and amounts due to suppliers, however film sales are volatile and payments cannot be guaranteed.
The director therefore continues to adopt the going concern basis in preparing the company’s financial statements but with the proviso that a material uncertainty exists over the company’s future.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2022 3,928
As at 30 June 2023 3,928
Depreciation
As at 1 July 2022 3,928
As at 30 June 2023 3,928
Net Book Value
As at 30 June 2023 -
As at 1 July 2022 -
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 July 2022 52
As at 30 June 2023 52
Provision
As at 1 July 2022 51
As at 30 June 2023 51
Net Book Value
As at 30 June 2023 1
As at 1 July 2022 1
6. Debtors
2023 2022
£ £
Due within one year
Other Debtors (Debtors < 1 year) 850 850
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 59,210 59,353
Bank loans and overdrafts 2,374 4,047
Other creditors 2,856 1,636
Other loans 12,000 12,000
Accruals and deferred income 18,280 18,280
Director's loan account 3,532 3,220
98,252 98,536
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,585 17,585
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 44,250 44,250
10. Controlling Party
The company was controlled by the director Mr Bradley Moore throughout the period.
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