Registered number
13769513
HONEYCOMB PICTURES LIMITED
Filleted Accounts
30 November 2023
HONEYCOMB PICTURES LIMITED
Registered number: 13769513
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 571,518 3,619,842
Cash at bank and in hand 27,682 8,696
599,200 3,628,538
Creditors: amounts falling due within one year 4 (606,363) (3,628,537)
Net current (liabilities)/assets (7,163) 1
Net (liabilities)/assets (7,163) 1
Capital and reserves
Called up share capital 1 1
Profit and loss account (7,164) -
Shareholders' funds (7,163) 1
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Susheel Kumar Thapliyal
Director
Approved by the board on 23 August 2024
HONEYCOMB PICTURES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film "Honeymoon" (the Film). All of the tunrover recognised by the Company relates only to this Film.
Cost of sales
Production cost of the Film was recognised in the profit & loss account as cost of sales on delivery of the Film to the acquirer.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 6
3 Debtors 2023 2022
£ £
Trade debtors - 3,051,774
Other debtors 571,518 568,068
571,518 3,619,842
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 23,337 3,628,537
Other creditors 583,026 -
606,363 3,628,537
5 Controlling party
Mr Susheel Kumar Thapliyal, the director, shareholder and PSC of the Company is the ultimate controlling party.
6 Other information
HONEYCOMB PICTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
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