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REGISTERED NUMBER: 06785902 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

JACKPOT PRODUCTIONS LIMITED

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JACKPOT PRODUCTIONS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr J Whitehall



SECRETARY: Mrs H Whitehall



REGISTERED OFFICE: 6 Embankment
Putney
London
SW15 1LB



REGISTERED NUMBER: 06785902 (England and Wales)



ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA



BANKERS: Coutts & Co
440 Strand
London
WC2R 0QS

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 119,096 148,851
Investments 6 5,016,891 4,892,145
5,135,987 5,040,996

CURRENT ASSETS
Debtors 7 1,772,043 653,719
Investments 8 1,700,000 1,700,000
Cash at bank 4,449,110 2,716,759
7,921,153 5,070,478
CREDITORS
Amounts falling due within one year 9 1,633,317 522,993
NET CURRENT ASSETS 6,287,836 4,547,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,423,823

9,588,481

PROVISIONS FOR LIABILITIES 11 3,188 3,188
NET ASSETS 11,420,635 9,585,293

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 11,420,633 9,585,291
SHAREHOLDERS' FUNDS 11,420,635 9,585,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 6 August 2024 and were signed by:





Mr J Whitehall - Director


JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Jackpot Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue
Revenue represents net invoiced sales of goods/services, excluding value added tax.

Property, plant and equipment
Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets

Trade debtors and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade creditors, accruals and directors' loan accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings Office
& equipment equipment Totals
£    £    £   
COST
At 1 January 2023 213,069 77,096 290,165
Additions - 9,954 9,954
At 31 December 2023 213,069 87,050 300,119
DEPRECIATION
At 1 January 2023 88,979 52,335 141,314
Charge for year 31,023 8,686 39,709
At 31 December 2023 120,002 61,021 181,023
NET BOOK VALUE
At 31 December 2023 93,067 26,029 119,096
At 31 December 2022 124,090 24,761 148,851

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 4,892,145
Additions 786,003
Disposals (687,327 )
Revaluations 26,070
At 31 December 2023 5,016,891
NET BOOK VALUE
At 31 December 2023 5,016,891
At 31 December 2022 4,892,145

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Cost 5,016,891

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,353,415 75,686
Other debtors 418,628 578,033
1,772,043 653,719

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other investments 1,700,000 1,700,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 914 -
Trade creditors 156,893 26,627
Corporation tax 1,015,222 143,360
Social security and other taxes 204,870 (84,128 )
Other creditors (25,787 ) 1,367
Directors' current accounts 244,538 404,100
Accruals and deferred income 36,667 31,667
1,633,317 522,993

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


10. FINANCIAL INSTRUMENTS

The company has the following financial instruments:

2023 2022
£ £

Financial liabilities measured at amortised cost:-

- Trade creditors 156,894 26,627
- Corporation tax 1,015,222 143,360
Social security and other taxes 204,870 (84,128 )
- Other creditors (25,787 ) 1,367
- Directors' loan accounts 244,538 404,100
- Accruals and deferred income 36,667 31,667
- Credit card 914 -
1,633,318 522,993

2023 2022
£ £

Financial assets that are debt instruments measured
at amortised cost:-

- Trade debtors 1,353,415 75,686
- Other debtors 418,628 578,033
- Directors' loan accounts - -
1,772,044 653,719

2023 2022
£ £

Other investments 6,716,892 6,592,146



11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,188 3,188

Deferred
tax
£   
Balance at 1 January 2023 3,188
Movements in the year
Balance at 31 December 2023 3,188

The provision for deferred taxation is made up of accelerated capital allowances.

JACKPOT PRODUCTIONS LIMITED (REGISTERED NUMBER: 06785902)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

13. RELATED PARTY DISCLOSURES

Loan to director

At the balance sheet date an amount £244,538 (2022: owed to £404,100) was owed by Mr J Whitehall a director. This amount is unsecured, interest free and repayable on demand.

This balance was repaid within 9 months post year end.

14. ULTIMATE CONTROLLING PARTY

Mr J Whitehall, the sole director, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital.