REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 September 2023 to 31 July 2024 |
for |
Bandit Cornwall Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 September 2023 to 31 July 2024 |
for |
Bandit Cornwall Ltd |
Bandit Cornwall Ltd (Registered number: 12166221) |
Contents of the Financial Statements |
for the Period 1 September 2023 to 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Bandit Cornwall Ltd |
Company Information |
for the Period 1 September 2023 to 31 July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
39 Long Acre |
London |
WC2E 9LG |
Bandit Cornwall Ltd (Registered number: 12166221) |
Balance Sheet |
31 July 2024 |
31.7.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
RESERVES |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
Bandit Cornwall Ltd (Registered number: 12166221) |
Balance Sheet - continued |
31 July 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Bandit Cornwall Ltd (Registered number: 12166221) |
Notes to the Financial Statements |
for the Period 1 September 2023 to 31 July 2024 |
1. | STATUTORY INFORMATION |
Bandit Cornwall Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue represents amounts receivable for the development of television projects and production activities net of VAT and trade discounts during the period. Revenue in respect of productions in progress is held as deferred income until production is delivered. Upon delivery, it is recognised in the Income Statement. |
Tangible fixed assets |
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: |
Computer Equipment - 20% straight line |
Taxation |
Taxation for the period 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. |
Bandit Cornwall Ltd (Registered number: 12166221) |
Notes to the Financial Statements - continued |
for the Period 1 September 2023 to 31 July 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The financial statements have not been prepared on a going concern basis as it is the intention of the directors to strike off the company within 12 months of the signing of the report, after settlement of all remaining assets and liabilities. All of the assets and liabilities of the company are current, therefore no adjustment is required to the accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2023 - |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 September 2023 |
Disposals | ( |
) |
At 31 July 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge written back | (319 | ) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 August 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.8.23 |
£ | £ |
Amounts owed by group undertakings |
Tax |
Bandit Cornwall Ltd (Registered number: 12166221) |
Notes to the Financial Statements - continued |
for the Period 1 September 2023 to 31 July 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.8.23 |
£ | £ |
Trade creditors |
VAT | - | 114 |
Directors' loan accounts | 68,236 | 66,413 |
Accruals and deferred income |