COMPANY REGISTRATION NUMBER:
13893662
Pulse Films Production Ltd |
|
Filleted Financial Statements |
|
Pulse Films Production Ltd |
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Statement of Financial Position |
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28 February 2023
Fixed assets
Current assets
Creditors: amounts falling due within one year |
6 |
1,612,848 |
|
---- |
Total assets less current liabilities |
1 |
|
---- |
Net assets |
1 |
|
---- |
|
|
|
Capital and reserves
Called up share capital |
1 |
|
---- |
Shareholder funds |
1 |
|
---- |
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These financial statements 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 comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
23 August 2024
, and are signed on behalf of the board by:
Company registration number:
13893662
Pulse Films Production Ltd |
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Notes to the Financial Statements |
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Period from 4 February 2022 to 28 February 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 Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU.
2.
Statement of compliance
These financial statements 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 financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Distribution of receipts
Monies collected through the collection account are distributed to the various rights holders.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Intangible asset represents title in the documentary "Lewis Capaldi: How I'm Feeling Now".
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Intangible assets
|
Film rights |
|
£ |
Cost |
|
Additions |
1 |
|
---- |
At 28 February 2023 |
1 |
|
---- |
Amortisation |
|
At 4 February 2022 and 28 February 2023 |
– |
|
---- |
Carrying amount |
|
At 28 February 2023 |
1 |
|
---- |
|
|
5.
Debtors
|
28 Feb 23 |
|
£ |
Trade debtors |
1,575,000 |
Other debtors |
37,848 |
|
------------ |
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1,612,848 |
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------------ |
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6.
Creditors:
amounts falling due within one year
|
28 Feb 23 |
|
£ |
Other creditors |
1,612,848 |
|
------------ |
|
|
7.
Summary audit opinion
The auditor's report dated
23 August 2024
was
unqualified
.
The senior statutory auditor was
Chirag Sirish Malde FCCA
, for and on behalf of
Malde & Co
.