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Registered number: 06129689
Lem Films Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Cleverdons
Chartered Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06129689
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 1 1
1 1
CURRENT ASSETS
Debtors 5 28,653 34,311
28,653 34,311
Creditors: Amounts Falling Due Within One Year 6 (16,461 ) (22,031 )
NET CURRENT ASSETS (LIABILITIES) 12,192 12,280
TOTAL ASSETS LESS CURRENT LIABILITIES 12,193 12,281
NET ASSETS 12,193 12,281
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 12,192 12,280
SHAREHOLDERS' FUNDS 12,193 12,281
Page 1
Page 2
For the year ending 31 December 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Trudi Francis
Director
Mr Christopher Bucknall
Director
16 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lem Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06129689 . The registered office is 7 The Broadway, Broadstairs, Kent, CT10 2AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Income from the exploitation of film and film music rights is recognised when the right to receive payment is established. Fees received as agent for the collection of rights is recognised when received.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 January 2023 1
As at 31 December 2023 1
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 8,487 34,311
Other debtors 20,166 -
28,653 34,311
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 14,193 8,163
Amounts owed to group undertakings - 11,600
Other creditors 2,268 2,268
16,461 22,031
Page 3
Page 4
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Parent Undertaking and Controlling Party
Phoenix Films Holdings Ltd (whose registered office is Nerine Chambers, PO Box 905, Road Town, Tortola, B.V.I.) is the parent company of the group within which this company belongs and for which group financial statements are prepared.
Page 4