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COMPANY REGISTRATION NUMBER: 06540727
Loop Film Distribution Limited
Filleted Unaudited Accounts
31 December 2023
Loop Film Distribution Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
103,131
89,885
Cash at bank and in hand
9,973
9,973
---------
--------
113,104
99,858
Creditors: amounts falling due within one year
5
( 113,102)
( 99,856)
---------
--------
Net current assets
2
2
----
----
Total assets less current liabilities
2
2
----
----
Net assets
2
2
----
----
Capital and reserves
Called up share capital
2
2
----
----
Shareholders funds
2
2
----
----
These accounts 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 accounts 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 accounts .
These accounts were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
K Loader
Director
Company registration number: 06540727
Loop Film Distribution Limited
Notes to the Accounts
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 5th Floor, 167 - 169 Great Portland Street, London, W1W 5PF, England.
2. Statement of compliance
These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover represents amounts due from the sale of film rights in the project 'In The Loop' and is stated net of VAT.
4. Debtors
2023
2022
£
£
Other debtors
103,131
89,885
---------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
113,102
99,856
---------
--------
6. Related party transactions
The company is jointly controlled by the two directors who each own one share in the company. There were no transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.