Registration number:
Jamie Newton Productions Ltd
(FORMERLY Jamie Newton Productons Ltd)
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Jamie Newton Productions Ltd (FORMERLY Jamie Newton Productons Ltd)
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Jamie Newton Productions Ltd (FORMERLY Jamie Newton Productons Ltd)
Company Information
Director |
J T Newton |
Registered office |
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Accountants |
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Jamie Newton Productions Ltd (FORMERLY Jamie Newton Productons Ltd)
Statement of Financial Position as at 31 October 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
53,591 |
37,024 |
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Shareholders' funds |
53,592 |
37,025 |
For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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J T Newton
Director
Company registration number: 13704132
Jamie Newton Productions Ltd (FORMERLY Jamie Newton Productons Ltd)
Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The company was formerly known as Jamie Newton Productons Ltd.
The address of its registered office is:
The principal activity of the company is that of video production.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Going concern
The company had net assets at 31 October 2023 amounting to £53,592 including cash in bank of £20,421.
It is the director's view that the company will not be materially impacted by current economic conditions.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services to film and TV industry in the ordinary course of the company's activities, net of value added tax.
Turnover for production services is recognised in the period where the services are provided or at the date the company becomes entitled to the income in accordance with the stage of completion of its service contracts.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Jamie Newton Productions Ltd (FORMERLY Jamie Newton Productons Ltd)
Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2023
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company during the year, was
Debtors |
2023 |
2022 |
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Trade debtors |
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Other debtors |
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Jamie Newton Productions Ltd (FORMERLY Jamie Newton Productons Ltd)
Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Transactions with Directors |
At 31 October 2023 an amount of £55,447 was due from a director. During the year advances of £94,573 and repayments of £69,693 were made. Interest of £845 is payable to the company at 2 - 2.25% per annum and there are no set terms in place.
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Director's remuneration
The director's remuneration for the year was as follows:
2023 |
2022 |
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Remuneration |
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