Hillgate Studios Ltd 14495136 false 2022-11-21 2023-11-30 2023-11-30 The principal activity of the company is that of motion pictures production. Digita Accounts Production Advanced 6.30.9574.0 true true 14495136 2022-11-21 2023-11-30 14495136 2023-11-30 14495136 core:CurrentFinancialInstruments 2023-11-30 14495136 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 14495136 core:WithinOneYear 2023-11-30 14495136 bus:SmallEntities 2022-11-21 2023-11-30 14495136 bus:AuditExemptWithAccountantsReport 2022-11-21 2023-11-30 14495136 bus:FilletedAccounts 2022-11-21 2023-11-30 14495136 bus:SmallCompaniesRegimeForAccounts 2022-11-21 2023-11-30 14495136 bus:RegisteredOffice 2022-11-21 2023-11-30 14495136 bus:Director1 2022-11-21 2023-11-30 14495136 bus:PrivateLimitedCompanyLtd 2022-11-21 2023-11-30 14495136 countries:EnglandWales 2022-11-21 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 14495136

Hillgate Studios Ltd

Unaudited Filleted Financial Statements

for the Period from 21 November 2022 to 30 November 2023

 

Hillgate Studios Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Hillgate Studios Ltd

(Registration number: 14495136)
Balance Sheet as at 30 November 2023

Note

2023
£

Current assets

 

Debtors

4

26,170

Cash at bank and in hand

 

64,370

 

90,540

Creditors: Amounts falling due within one year

5

(93,398)

Net liabilities

 

(2,858)

Capital and reserves

 

Called up share capital

6

100

Profit and loss account

(2,958)

Shareholders' deficit

 

(2,858)

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2024
 

.........................................
M Peltz
Director

 

Hillgate Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 21 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3RD Floor
Lawford House
Albert Place
London
N3 1QA
United Kingdom

These financial statements were authorised for issue by the director on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements are prepared on a going concern basis with the financial support of the director to meet its liabilities as and when they fall due for a period of not less than twelve months from the approval of these financial statements.

Revenue recognition

Revenue represents from fees receivable net of vat.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hillgate Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 21 November 2022 to 30 November 2023

Trade creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

Current

2023
£

Other debtors

26,170

 

26,170

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

900

Other creditors

92,498

93,398

6

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

100

100

   

During the period, 100 ordinary shares of £1 each were issued.

 

Hillgate Studios Ltd

Notes to the Unaudited Financial Statements for the Period from 21 November 2022 to 30 November 2023

7

Obligations under leases

Operating leases

The total of future minimum lease payments is as follows:

2023
£

Not later than one year

18,000

The amount of non-cancellable operating lease payments recognised as an expense during the period was £20,442 .

8

Related party transactions

Included in other creditor is an amount of £92,498 owed to the company by the director. The loans are provided interest free and are unsecured. There are no formal terms and conditions regarding the repayment of the loans.