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Registered number: 06138577









B24 LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
B24 LIMITED
REGISTERED NUMBER: 06138577

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
866,822
566,875

Cash at bank and in hand
  
33,965
42,173

  
900,787
609,048

Creditors: amounts falling due within one year
 5 
(900,687)
(608,948)

Net current assets
  
 
 
100
 
 
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




John Roebuck
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
B24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

B24 Limited is a private company limited by shares incorporated in the United Kingdom and registered in  England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS and the address of its principal place of business is Eon House, 138 Piccadilly, London W1J 7NR.
The comparative figures cover the 9 month period from 1 January 2022 to 30 September 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have reviewed their intentions for the company and decided that the financial statements should be drawn up on a basis other than a going concern basis. As a result, all assets have been reflected as current assets and recorded at their recoverable values.

 
2.3

Revenue

Turnover represents amounts receivable for services in respect of film production and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables, and loans from connected parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
B24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

Taxation

The company is eligible to claim a tax credit on film production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of the enhanced expenditure and carries losses arising from  total net costs forward against future profits. The tax credit is recognised in the statement of comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
100
100

Other debtors
-
771

Prepayments and accrued income
744,444
-

Tax recoverable
122,278
566,004

866,822
566,875



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
4,639

Other creditors
900,687
604,309

900,687
608,948



6.


Related party transactions

The company has taken advantage of the exemption contained in FRS102 section 33 "Related Party Disclosures" from disclosing transactions with companies that are a wholly owned member of the group.

Page 3

 
B24 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Controlling party

The company's immediate and ultimate parent company is Eon Productions Limited, a company registered in England and Wales, whose registered office address is 124 Finchley Road, London, NW3 5JS. The ultimate controlling parties are Barbara Broccoli CBE and Michael Wilson CBE.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 4 September 2024 by Paul Taiano (Senior statutory auditor) on behalf of Nyman Libson Paul LLP.

Page 4