Registered number
13662768
SHIVA FILMS LIMITED
(PKA: AURORA FILM LIMITED)
Filleted Accounts
31 October 2023
SHIVA FILMS LIMITED
Registered number: 13662768
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Work in progress 16,869,149 -
Debtors 3 152,794 -
Cash at bank and in hand 165,550 2,670
17,187,493 2,670
Creditors: amounts falling due within one year 4 (17,239,888) (41,235)
Net current liabilities (52,395) (38,565)
Net liabilities (52,395) (38,565)
Capital and reserves
Called up share capital 100 1
Profit and loss account (52,495) (38,566)
Shareholders' funds (52,395) (38,565)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian Brake
Director
Approved by the board on 30 July 2024
SHIVA FILMS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. In the current year, the company started production of the British qualifying film titled as "Shaitaan (pka: Production No 1)" (the Film). The production cost of the Film at the balance sheet date is carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the Film.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 0
3 Debtors 2023 2022
£ £
VAT receivable 143,017 -
Other debtors 9,777 -
152,794 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,123,806 1,250
Advance for expenses 13,050,000 -
Taxation and social security costs 986,447 -
Other creditors 79,635 39,985
17,239,888 41,235
5 Controlling party
Mr. Amit Dalmia, the PSC of the Company and has right to appoint or remove directors is the ultimate controlling party.
6 Other information
SHIVA FILMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite F
1-3 Canfield Place
London
NW6 3BT
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