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COMPANY REGISTRATION NUMBER: 14297703
Moonchild Films Ltd
Filleted Unaudited Accounts
31 August 2023
Moonchild Films Ltd
Statement of Financial Position
31 August 2023
31 Aug 23
Note
£
Current assets
Work in progress
1,860,871
Debtors
5
277,151
Cash at bank and in hand
642,654
------------
2,780,676
Creditors: amounts falling due within one year
6
( 2,780,674)
------------
Net current assets
2
----
Total assets less current liabilities
2
----
Net assets
2
----
Capital and reserves
Called up share capital
7
2
----
Shareholders funds
2
----
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 14 August 2024 , and are signed on behalf of the board by:
A O Clark
Director
Company registration number: 14297703
Moonchild Films Ltd
Notes to the Accounts
Period from 15 August 2022 to 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Broadway Media Centre, 14-18 Broad Street, Nottingham, NG1 3AL, England.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Comparatives
The accounts cover the period from incorporation through to 31 August 2023, hence there are no comparative figures.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employees
The company has been incorporated to produce a film called "Sister Midnight". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5. Debtors
31 Aug 23
£
VAT recoverable
277,149
Other debtors
2
---------
277,151
---------
6. Creditors: amounts falling due within one year
31 Aug 23
£
Trade creditors
323,850
Accruals and deferred income
2,453,649
Other creditors
3,175
------------
2,780,674
------------
7. Called up share capital
Issued, called up and fully paid
31 Aug 23
No.
£
Ordinary shares of £ 1 each
2
2
----
----
8. Contingent liabilities
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Film Finances, Inc.
9. Related party transactions
During the period no related-party transactions took place. All transactions related to the production of the film "Sister Midnight" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
10. Controlling party
The company was under the joint control of A O Clark and A F M Griffin throughout the period.