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COMPANY REGISTRATION NUMBER: 09635288
Little Bert Limited
Filleted Unaudited Accounts
31 December 2023
Little Bert Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
6
179
508,954
Cash at bank and in hand
3,250
22,206
-------
---------
3,429
531,160
Creditors: amounts falling due within one year
7
( 3,427)
( 531,158)
-------
---------
Net current assets
2
2
----
----
Total assets less current liabilities
2
2
----
----
Net assets
2
2
----
----
Capital and reserves
Called up share capital
8
2
2
----
----
Shareholders funds
2
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 income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year 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 21 August 2024 , and are signed on behalf of the board by:
Y M Sellins
Director
Company registration number: 09635288
Little Bert Limited
Notes to the Accounts
Year ended 31 December 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 22 Bloomsbury Street, London, WC1B 3QJ, 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.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the children's television production, as noted in "Revenue Recognition" below.
Comparatives
The accounts cover the period from 1 January 2023 to 31 December 2023. The comparatives cover the period from 1 March 2022 to 31 December 2022.
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.
Revenue recognition
Turnover relates to the production of the children's television series entitled "Gangsta Granny Strikes Again". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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 children's television series called "Gangsta Granny Strikes Again". 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. Tax on loss
Major components of tax income
Period from
Year to
1 Mar 22 to
31 Dec 23
31 Dec 22
£
£
Current tax:
UK current tax income
( 508,952)
----
---------
Tax on loss
( 508,952)
----
---------
Reconciliation of tax income
The tax assessed on the loss on ordinary activities for the year is the same as (2022: lower than) the standard rate of corporation tax in the UK of 19 % (2022: 19 %).
Period from
Year to
1 Mar 22 to
31 Dec 23
31 Dec 22
£
£
Loss on ordinary activities before taxation
( 525,704)
----
---------
Children's television tax relief
(508,952)
----
---------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
177
Corporation tax recoverable
508,952
Other debtors
2
2
----
---------
179
508,954
----
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,618
Amounts owed to group undertakings
3,427
461,260
Accruals and deferred income
59,746
Social security and other taxes
1,709
Other creditors
2,825
-------
---------
3,427
531,158
-------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
9. Contingent liabilities
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Arbuthnot Latham & Co., Limited
10. Related party transactions
During the period no related-party transactions took place. All transactions related to the production of the children's television series "Gangsta Granny Strikes Again" and arose on an arm's-length basis through the normal course of business. The company has taken advantage of the exemption under paragraph 33.1a for FRS 102 from disclosing transactions between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is ultimate parent company or wholly owned by a member of that group.
11. Controlling party
In the opinion of the directors the immediate parent undertaking is King Bert Productions Limited, a company incorporated in England and Wales.