Company registration number 14528016 (England and Wales)
Civic Studios International Limited
Financial Statements
For the period ended
31 March 2024
Pages for filing with registrar
Civic Studios International Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Civic Studios International Limited
Statement Of Financial Position
As at 31 March 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investments
4
750,000
Current assets
Debtors
5
855
Cash at bank and in hand
1,557,805
1,558,660
Creditors: amounts falling due within one year
6
(12,076)
Net current assets
1,546,584
Total assets less current liabilities
2,296,584
Creditors: amounts falling due after more than one year
7
(2,011,485)
Net assets
285,099
Capital and reserves
Called up share capital
450,000
Profit and loss reserves
(164,901)
Total equity
285,099

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

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 September 2024
A.H. Shah
Director
Company registration number 14528016 (England and Wales)
Civic Studios International Limited
Notes To The Financial Statements
For the period ended 31 March 2024
- 2 -
1
General information

Civic Studios International Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

2
Accounting policies
2.1
Reporting period

The financial statements present information for the period from incorporation on 7 December 2022 to 31 March 2024.

2.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.4
Fixed asset investments

Investments in debt instruments which are not considered basic financial assts are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except where fair values cannot be measured reliably and in such instances these assets are measured at cost less impairment.

2.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

2.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Civic Studios International Limited
Notes To The Financial Statements (Continued)
For the period ended 31 March 2024
2
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified as payable with one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

2.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
Civic Studios International Limited
Notes To The Financial Statements (Continued)
For the period ended 31 March 2024
- 4 -
4
Fixed asset investments
2024
£
Loans
750,000
Movements in fixed asset investments
Loans
£
Cost or valuation
At 7 December 2022
-
Additions
750,000
At 31 March 2024
750,000
Carrying amount
At 31 March 2024
750,000
5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
855
6
Creditors: amounts falling due within one year
2024
£
Taxation and social security
6,557
Other creditors
5,519
12,076
7
Creditors: amounts falling due after more than one year
2024
£
Other creditors
2,011,485
8
Parent company

The parent company is Civic Studios Productions Private Limited, incorporated in India with registered office at A-801, Crescenzo, C/38-39 G Block Bandra Kurla Complex, Mumbai - 400051. It is also the parent of the smallest group for which consolidated accounts including Civic Studios International Limited are drawn up, and copies of these accounts can be obtained from its registered office.

 

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