Company Registration No. 12282600 (England and Wales)
ECILA PRODUCTIONS LTD
Unaudited accounts
for the period from 1 November 2022 to 30 April 2024
ECILA PRODUCTIONS LTD
Unaudited accounts
Contents
ECILA PRODUCTIONS LTD
Company Information
for the period from 1 November 2022 to 30 April 2024
Director
Mr Benjamin Gentilli
Company Number
12282600 (England and Wales)
Registered Office
46-48
Park Street
London
SE1 9EQ
United Kingdom
ECILA PRODUCTIONS LTD
Statement of financial position
as at 30 April 2024
Intangible assets
616,560
636,387
Tangible assets
13,193
2,997
Investments
2,116,712
597,736
Cash at bank and in hand
14,667
1,557,829
Creditors: amounts falling due within one year
(117,292)
(507,353)
Net current (liabilities)/assets
(85,536)
1,075,762
Net assets
2,660,929
2,312,882
Called up share capital
1
1
Profit and loss account
2,660,928
2,312,881
Shareholders' funds
2,660,929
2,312,882
For the period ending 30 April 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 July 2024 and were signed on its behalf by
Mr Benjamin Gentilli
Director
Company Registration No. 12282600
ECILA PRODUCTIONS LTD
Notes to the Accounts
for the period from 1 November 2022 to 30 April 2024
ECILA PRODUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12282600. The registered office is 46-48, Park Street, London, SE1 9EQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% Straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover represents the value of artwork sold in the period, excluding VAT.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
ECILA PRODUCTIONS LTD
Notes to the Accounts
for the period from 1 November 2022 to 30 April 2024
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period
4
Intangible fixed assets
Other
At 1 November 2022
636,387
At 31 October 2022
636,387
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
444
5,238
5,682
Additions
19,651
1,122
20,773
At 30 April 2024
20,095
6,360
26,455
At 1 November 2022
285
2,400
2,685
Charge for the period
7,429
3,148
10,577
At 30 April 2024
7,714
5,548
13,262
At 30 April 2024
12,381
812
13,193
At 31 October 2022
159
2,838
2,997
6
Investments
Other investments
Valuation at 1 November 2022
597,736
Fair value adjustments
78,758
Valuation at 30 April 2024
2,116,712
ECILA PRODUCTIONS LTD
Notes to the Accounts
for the period from 1 November 2022 to 30 April 2024
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2024
2022
Taxes and social security
10,776
208,400
Loans from directors
96,765
298,953
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).