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REGISTERED NUMBER: 13119098 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GOLDEN RATIO FILMS LIMITED

GOLDEN RATIO FILMS LIMITED (REGISTERED NUMBER: 13119098)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLDEN RATIO FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G Jeyakumar





SECRETARY:





REGISTERED OFFICE: 29 Lees Road
Uxbridge
UB8 3AS





REGISTERED NUMBER: 13119098 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

GOLDEN RATIO FILMS LIMITED (REGISTERED NUMBER: 13119098)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 3,470,772 3,403,102
Debtors 4 190,321 184,600
Cash at bank and in hand 5,192 20,484
3,666,285 3,608,186
CREDITORS
Amounts falling due within one year 5 776,569 714,033
NET CURRENT ASSETS 2,889,716 2,894,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,889,716

2,894,153

CREDITORS
Amounts falling due after more than one year 6 2,910,000 2,910,000
NET LIABILITIES (20,284 ) (15,847 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (20,285 ) (15,848 )
(20,284 ) (15,847 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





G Jeyakumar - Director


GOLDEN RATIO FILMS LIMITED (REGISTERED NUMBER: 13119098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Golden Ratio Films 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.

Going Concern
Notwithstanding the net liabilities as at period end and after reviewing the current status of operations and taking into consideration the funding available to the company, the Directors have a reasonable expectation that the company has access to adequate resources to continue in operation existence for at least 12 months from the date of the approval of the financial statements and for the foreseeable future. For this reason, the Directors have adopted the going concern basis in the preparation of the financial statements.

Stocks and work in progress
Production costs incurred during the period are recognised as work in progress on the balance sheet until the film is delivered to the commissioning distributor.
Upon delivery of the film, it is acquired by the commissioning distributor and the production costs are then
charged to the profit and loss account as cost of sales.

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 NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 190,321 184,600

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 955 955
Trade creditors 73,614 -
FEU Payable (With Holding Tax) - 5,578
Deferred income 700,000 700,000
Accrued expenses 2,000 7,500
776,569 714,033

GOLDEN RATIO FILMS LIMITED (REGISTERED NUMBER: 13119098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Advance on distribution rights 2,910,000 2,910,000

7. RELATED PARTY DISCLOSURES

Other debtors - Included within other debtors is the sum of £12,000 due from Peacock Film Productions Ltd, £174,000 due from Nikita Pai Films Limited and £4,132 due from Oli Pictures Ltd which are related by virtue of common director.