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COMPANY REGISTRATION NUMBER: 09194570
Peket Coproduction Limited
Filleted Unaudited Financial Statements
31 December 2023
Peket Coproduction Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
4
96,592
172,008
Cash at bank and in hand
162,517
142,398
---------
---------
259,109
314,406
Creditors: amounts falling due within one year
5
219,725
281,152
---------
---------
Net current assets
39,384
33,254
--------
--------
Total assets less current liabilities
39,384
33,254
--------
--------
Net assets
39,384
33,254
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
39,382
33,252
--------
--------
Shareholders funds
39,384
33,254
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 31 December 2023 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 year in question in accordance with section 476 ;
- 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 2 September 2024 , and are signed on behalf of the board by:
Mr B D W Thompson
Director
Company registration number: 09194570
Peket Coproduction Limited
Notes to the Financial Statements
Year ended 31 December 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 7 East Pallant, Chichester, West Sussex, PO19 1TR.
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 services rendered, stated net of Value Added Tax.
Income tax
The tax on loss represents the sum of the tax currently recoverable. The tax currently recoverable is based on relievable losses arising in the period as a result of film tax relief legislation. Relievable losses differ from net losses as reported in the profit and loss account because they include an additional deduction relating to qualifying film production expenditure and exclude items of income or expenditure that are taxable or deductible in other periods, as well as items that are never taxable or deductible. The company's tax position is calculated using tax rates that have been enacted or substantively enacted by the 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.
4. Debtors
2023
2022
£
£
Trade debtors
19,926
Corporation tax recoverable
25,307
34,023
Other debtors
71,285
118,059
--------
---------
96,592
172,008
--------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
202,832
256,570
Social security and other taxes
7,690
Other creditors
16,893
16,892
---------
---------
219,725
281,152
---------
---------
6. Related party transactions
The company was under the control of Barnaby Thompson and Maigret Production Limited throughout the current and previous period. All transactions related to the production of the television series "Maigret", occurred at an arm's length and during the ordinary course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A .