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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
Page
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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
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ECILA PRODUCTIONS LTD Statement of financial position as at 30 April 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
616,560 
636,387 
Tangible assets
13,193 
2,997 
Investments
2,116,712 
597,736 
2,746,465 
1,237,120 
Current assets
Debtors
17,089 
25,286 
Cash at bank and in hand
14,667 
1,557,829 
31,756 
1,583,115 
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 
Capital and reserves
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
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ECILA PRODUCTIONS LTD Notes to the Accounts for the period from 1 November 2022 to 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Financial instruments
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
Turnover represents the value of artwork sold in the period, excluding VAT.
Inventories
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 taxation
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.
Foreign exchange
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.
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ECILA PRODUCTIONS LTD Notes to the Accounts for the period from 1 November 2022 to 30 April 2024
Fixed asset investments
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 
£ 
Cost
At 1 November 2022
636,387 
Disposals
(116,161)
Revaluations
96,334 
At 30 April 2024
616,560 
Amortisation
At 1 November 2022
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
616,560 
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 
Depreciation
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 
Net book value
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 
Additions
1,440,218 
Fair value adjustments
78,758 
Valuation at 30 April 2024
2,116,712 
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ECILA PRODUCTIONS LTD Notes to the Accounts for the period from 1 November 2022 to 30 April 2024
7
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,606 
16,391 
Trade debtors
4,429 
- 
Other debtors
6,054 
8,895 
17,089 
25,286 
8
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Trade creditors
9,751 
- 
Taxes and social security
10,776 
208,400 
Loans from directors
96,765 
298,953 
117,292 
507,353 
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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