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REGISTERED NUMBER: 03982299






















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

FLICKS MEDIA VIDEO PRODUCTIONS LIMITED

FLICKS MEDIA VIDEO PRODUCTIONS LIMITED (Registered number: 03982299)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


FLICKS MEDIA VIDEO PRODUCTIONS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P Hayati
P Hayati





SECRETARY: Mrs S A Hayati





REGISTERED OFFICE: 15 Birchdale Close
Edenthorpe
Doncaster
South Yorkshire
DN3 2JZ





REGISTERED NUMBER: 03982299





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
FLICKS MEDIA VIDEO PRODUCTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FLICKS MEDIA VIDEO PRODUCTIONS LIMITED for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FLICKS MEDIA VIDEO PRODUCTIONS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FLICKS MEDIA VIDEO PRODUCTIONS LIMITED and state those matters that we have agreed to state to the Board of Directors of FLICKS MEDIA VIDEO PRODUCTIONS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FLICKS MEDIA VIDEO PRODUCTIONS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FLICKS MEDIA VIDEO PRODUCTIONS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FLICKS MEDIA VIDEO PRODUCTIONS LIMITED. You consider that FLICKS MEDIA VIDEO PRODUCTIONS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FLICKS MEDIA VIDEO PRODUCTIONS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

FLICKS MEDIA VIDEO PRODUCTIONS LIMITED (Registered number: 03982299)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,295 1,879
Investment property 4 400,000 400,000
401,295 401,879

CURRENT ASSETS
Cash at bank 3,393 6,929

CREDITORS
Amounts falling due within one year 5 42,211 62,655
NET CURRENT LIABILITIES (38,818 ) (55,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,477

346,153

PROVISIONS FOR LIABILITIES 32,953 33,064
NET ASSETS 329,524 313,089

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings - undistributable reserves 7 221,789 221,789
Retained earnings 106,735 90,300
SHAREHOLDERS' FUNDS 329,524 313,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





P Hayati - Director


FLICKS MEDIA VIDEO PRODUCTIONS LIMITED (Registered number: 03982299)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
Only basic financial instruments as defined in FRS are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payment, discounted at a market rate of interest.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 2,337
DEPRECIATION
At 1 March 2023 458
Charge for year 584
At 29 February 2024 1,042
NET BOOK VALUE
At 29 February 2024 1,295
At 28 February 2023 1,879

FLICKS MEDIA VIDEO PRODUCTIONS LIMITED (Registered number: 03982299)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 400,000
NET BOOK VALUE
At 29 February 2024 400,000
At 28 February 2023 400,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2005 64,496
Valuation in 2006 40,000
Valuation in 2007 150,000
Cost 145,504
400,000

If Investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 145,504 145,504

Investment property was valued on an open market basis on 28 February 2024 by P Hayati, a director of the company .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,595 4,963
Other creditors 36,616 57,692
42,211 62,655

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. RESERVES
Retained
earnings
- undistributable
reserves
£   
At 1 March 2023
and 29 February 2024 221,789