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REGISTERED NUMBER: 10061860 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Nick Straker Productions Limited

Nick Straker Productions Limited (Registered number: 10061860)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Nick Straker Productions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs N J Straker
N J Straker





SECRETARY: MSS Accountancy Services Ltd





REGISTERED OFFICE: 2 North View
Wimbledon
London
SW19 4UJ





REGISTERED NUMBER: 10061860 (England and Wales)





ACCOUNTANTS: MSS Accountancy Services Ltd
341 Garratt Lane
Wandsworth
London
SW18 4DX

Nick Straker Productions Limited (Registered number: 10061860)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of film production.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs N J Straker
N J Straker

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N J Straker - Director


19 August 2024

Nick Straker Productions Limited (Registered number: 10061860)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 114,100 92,349

Cost of sales 22,423 5,208
GROSS PROFIT 91,677 87,141

Administrative expenses 53,971 46,314
37,706 40,827

Other operating income 5,020 4,063
OPERATING PROFIT 4 42,726 44,890


Interest payable and similar expenses 76 74
PROFIT BEFORE TAXATION 42,650 44,816

Tax on profit 5 9,829 4,365
PROFIT FOR THE FINANCIAL YEAR 32,821 40,451

Nick Straker Productions Limited (Registered number: 10061860)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 19,808 28,398

CURRENT ASSETS
Debtors 8 5,332 10,052
Cash at bank 13,450 10,439
18,782 20,491
CREDITORS
Amounts falling due within one year 9 18,843 25,963
NET CURRENT LIABILITIES (61 ) (5,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,747

22,926

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 19,745 22,924
SHAREHOLDERS' FUNDS 19,747 22,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:




N J Straker - Director


Nick Straker Productions Limited (Registered number: 10061860)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nick Straker 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Nick Straker Productions Limited (Registered number: 10061860)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 11,986 6,440

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 9,829 4,365
Tax on profit 9,829 4,365

6. DIVIDENDS
31.3.24 31.3.23
£    £   
Ordinary shares of £1.00 each
Final 36,000 44,000

7. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 20,284 30,227 50,511
Additions - 3,396 3,396
At 31 March 2024 20,284 33,623 53,907
DEPRECIATION
At 1 April 2023 1,690 20,423 22,113
Charge for year 6,761 5,225 11,986
At 31 March 2024 8,451 25,648 34,099
NET BOOK VALUE
At 31 March 2024 11,833 7,975 19,808
At 31 March 2023 18,594 9,804 28,398

Nick Straker Productions Limited (Registered number: 10061860)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,332 3,929
VAT - 6,123
5,332 10,052

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 780 780
Tax 9,829 4,365
Social security and other taxes (240 ) 7
VAT 2,156 -
Other creditors 6,318 20,811
18,843 25,963

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1.00 2 2

11. RESERVES
Retained
earnings
£   

At 1 April 2023 22,924
Profit for the year 32,821
Dividends (36,000 )
At 31 March 2024 19,745