COMPANY REGISTRATION NUMBER:
15018555
Luna Film Productions Limited |
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Filleted Unaudited Financial Statements |
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Luna Film Productions Limited |
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Statement of Financial Position |
|
19 July 2024
Current assets
Debtors |
4 |
2,087,632 |
Cash at bank and in hand |
188,290 |
|
------------ |
|
2,275,922 |
|
|
|
Creditors: amounts falling due within one year |
5 |
2,275,822 |
|
------------ |
Net current assets |
100 |
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---- |
Total assets less current liabilities |
100 |
|
---- |
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|
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Capital and reserves
Called up share capital |
100 |
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---- |
Shareholders funds |
100 |
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---- |
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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.
For the period ending 19 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act 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
6 September 2024
, and are signed on behalf of the board by:
Ms Hannah Jane Holloway |
Director |
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Company registration number:
15018555
Luna Film Productions Limited |
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Notes to the Financial Statements |
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Period ended 19 July 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN.
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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
.
4.
Debtors
|
2024 |
|
£ |
Other debtors |
2,087,632 |
|
------------ |
|
|
5.
Creditors:
amounts falling due within one year
|
2024 |
|
£ |
Trade creditors |
56,565 |
Other creditors |
2,219,257 |
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2,275,822 |
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Other creditors totalling £2,219,257 is in respect of production advances and loans received to produce the film.
6.
Contingencies
Charges have been made against the company's assets including its rights, title and interest in and to the film, in favour of the following who have advanced funds to finance film production costs: Media Finance Capital Alpha Ltd. Media Finance Capital Ltd. Double Negative Films Ltd. Lony Productions Llc. Gmc Mary Llc.
7.
Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 from disclosing details of transactions with other wholly owned group companies.