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Registration number: 12877409

Luna Films Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2023

 

Luna Films Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Luna Films Ltd

Company Information

Director

Ms Eleanor Mortimer

Registered office

Studio 6
4-17 Frederick Terrace
London
E8 4EW

 

Luna Films Ltd

(Registration number: 12877409)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,178

1,397

Current assets

 

Cash at bank and in hand

 

12,337

14,449

Creditors: Amounts falling due within one year

(5,700)

(1,211)

Net current assets

 

6,637

13,238

Total assets less current liabilities

 

7,815

14,635

Accruals and deferred income

 

(12,182)

(18,819)

Net liabilities

 

(4,367)

(4,184)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(4,368)

(4,185)

Shareholders' deficit

 

(4,367)

(4,184)

For the financial year ending 30 September 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 year in question in accordance with section 476; and

The director acknowledges her 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 21 August 2024
 

 

Luna Films Ltd

(Registration number: 12877409)
Abridged Balance Sheet as at 30 September 2023 (continued)

.........................................
Ms Eleanor Mortimer
Director

 

Luna Films Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 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:
Studio 6
4-17 Frederick Terrace
London
E8 4EW
England

These financial statements were authorised for issue by the director on 21 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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Luna Films Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% Reducing Balance per Annum

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 creditors

Trade creditors are obligations to pay for goods or 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 year, was 0 (2022 - 1).

 

Luna Films Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2022

2,793

2,793

At 30 September 2023

2,793

2,793

Depreciation

At 1 October 2022

1,396

1,396

Charge for the year

219

219

At 30 September 2023

1,615

1,615

Carrying amount

At 30 September 2023

1,178

1,178

At 30 September 2022

1,397

1,397

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share Capitel of £1 each

1

1

1

1

         

7

Related party transactions

 

Luna Films Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023 (continued)

7

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

6,240

5,200