REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 August 2023 |
for |
Cipher Films Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 August 2023 |
for |
Cipher Films Limited |
Cipher Films Limited (Registered number: 04859237) |
Contents of the Financial Statements |
for the Year Ended 30 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Cipher Films Limited |
Company Information |
for the Year Ended 30 August 2023 |
DIRECTORS: |
SECRETARIES: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
Cipher Films Limited (Registered number: 04859237) |
Balance Sheet |
30 August 2023 |
30.8.23 | 30.8.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Film Production Costs | 6 |
CURRENT ASSETS |
Debtors | 7 |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Cipher Films Limited (Registered number: 04859237) |
Notes to the Financial Statements |
for the Year Ended 30 August 2023 |
1. | STATUTORY INFORMATION |
Cipher Films Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Accounts are rounded to the nearest pound. |
The accounts represent the company as an individual entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates. |
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. |
Tangible fixed assets |
Plant and machinery | - |
Office Equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Cipher Films Limited (Registered number: 04859237) |
Notes to the Financial Statements - continued |
for the Year Ended 30 August 2023 |
2. | ACCOUNTING POLICIES - continued |
Research and development |
Any development expenditure incurred on future or current productions, before a formal production arrangement is in place is expensed as incurred. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and parent company support will be given if needed. Hence the directors consider it is appropriate to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and | Office |
machinery | Equipment | Totals |
£ | £ | £ |
COST |
At 31 August 2022 |
and 30 August 2023 |
DEPRECIATION |
At 31 August 2022 |
Charge for year |
At 30 August 2023 |
NET BOOK VALUE |
At 30 August 2023 |
At 30 August 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 31 August 2022 |
and 30 August 2023 |
NET BOOK VALUE |
At 30 August 2023 |
At 30 August 2022 |
Cipher Films Limited (Registered number: 04859237) |
Notes to the Financial Statements - continued |
for the Year Ended 30 August 2023 |
6. | FILM PRODUCTION COSTS |
Total |
£ |
FAIR VALUE |
At 31 August 2022 |
and 30 August 2023 |
DEPRECIATION |
At 31 August 2022 |
and 30 August 2023 | 391,979 |
NET BOOK VALUE |
At 30 August 2023 |
At 30 August 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.8.23 | 30.8.22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.8.23 | 30.8.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.8.23 | 30.8.22 |
value: | £ | £ |
Ordinary | £1 | 13,333 | 13,333 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Cipher Films Limited (Registered number: 04859237) |
Notes to the Financial Statements - continued |
for the Year Ended 30 August 2023 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 August 2023 and 30 August 2022: |
30.8.23 | 30.8.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
At the year end the directors owed the company £0 (2022: £230,280). Included within August 2023 accounts is a provision for directors loan write off totalling £230,280. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |