2023-01-012023-12-312023-12-31false13707911BATTERSEA PICTURES HOLDINGS 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BATTERSEA PICTURES HOLDINGS LIMITED

Registered Number
13707911
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

BATTERSEA PICTURES HOLDINGS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

BERGER, Joshua Adam

Registered Address

6th Floor Charlotte Building
17 Gresse Street
London
W1T 1QL

Registered Number

13707911 (England and Wales)
BATTERSEA PICTURES HOLDINGS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,7211,738
Investments4497,029307,990
499,750309,728
Current assets
Debtors5133,041143,332
Cash at bank and on hand907,365711,645
1,040,406854,977
Creditors amounts falling due within one year6(88,438)(265,083)
Net current assets (liabilities)951,968589,894
Total assets less current liabilities1,451,718899,622
Creditors amounts falling due after one year7(360,019)(85,352)
Net assets1,091,699814,270
Capital and reserves
Called up share capital11
Profit and loss account1,091,698814,269
Shareholders' funds1,091,699814,270
The financial statements were approved and authorised for issue by the Director on 6 June 2024, and are signed on its behalf by:
BERGER, Joshua Adam
Director
Registered Company No. 13707911
BATTERSEA PICTURES HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year32
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 231,4343451,779
Additions-1,5451,545
At 31 December 231,4341,8903,324
Depreciation and impairment
At 01 January 23241741
Charge for year287275562
At 31 December 23311292603
Net book value
At 31 December 231,1231,5982,721
At 31 December 221,4103281,738
4.Fixed asset investments
Included in 'other investments' is the amount invested in various theatre productions.

Investments in groups1

Other investments2

Total

£££
Cost or valuation
At 01 January 23100307,890307,990
Additions-189,039189,039
At 31 December 23100496,929497,029
Net book value
At 31 December 23100496,929497,029
At 31 December 22100307,890307,990

Notes

1Investments in group undertakings and participating interests
2Other investments other than loans
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables25,000142,404
Amounts owed by group undertakings91,723485
Other debtors13,48785
Prepayments and accrued income2,831358
Total133,041143,332
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables11,88419,191
Taxation and social security76,149245,559
Other creditors405333
Total88,438265,083
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.
7.Creditors: amounts due after one year

2023

2022

££
Other creditors360,01985,352
Total360,01985,352
Included in Long term Creditors is the amount owed to the director of the company which is £360,018 (2022-£85,352).
8.Related party transactions
Included in debtors in the amount owed by a subsidiary which is £89,020 (2022-£485).