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REGISTERED NUMBER: 05995238 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OTTO PRODUCTIONS LTD

OTTO PRODUCTIONS LTD (REGISTERED NUMBER: 05995238)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OTTO PRODUCTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: S Otto





SECRETARY: Mrs M L Otto





REGISTERED OFFICE: 12 Burdock Close
Goodworth Clatford
Andover
Hampshire
SP11 7RS





REGISTERED NUMBER: 05995238 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

OTTO PRODUCTIONS LTD (REGISTERED NUMBER: 05995238)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,152 37,501
Investments 5 10,000 10,000
36,152 47,501

CURRENT ASSETS
Debtors 6 4,517 168
Cash at bank and in hand 4,652 13,856
9,169 14,024
CREDITORS
Amounts falling due within one year 7 16,201 17,702
NET CURRENT LIABILITIES (7,032 ) (3,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,120

43,823

CREDITORS
Amounts falling due after more than one year 8 (2,328 ) (2,712 )

PROVISIONS FOR LIABILITIES 9 (3,579 ) (7,150 )
NET ASSETS 23,213 33,961

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 23,113 33,861
SHAREHOLDERS' FUNDS 23,213 33,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





S Otto - Director


OTTO PRODUCTIONS LTD (REGISTERED NUMBER: 05995238)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Otto Productions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long Leasehold - 2% on cost
Plant and machinery - 25% on cost
Fixture and Fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

OTTO PRODUCTIONS LTD (REGISTERED NUMBER: 05995238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixture
Long Plant and and Motor
Leasehold machinery Fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 10,233 125,385 882 15,990 152,490
Additions - 5,067 - - 5,067
Disposals - (22,317 ) - - (22,317 )
At 31 December 2023 10,233 108,135 882 15,990 135,240
DEPRECIATION
At 1 January 2023 2,715 104,382 882 7,010 114,989
Charge for year 205 10,270 - 3,998 14,473
Eliminated on disposal - (20,374 ) - - (20,374 )
At 31 December 2023 2,920 94,278 882 11,008 109,088
NET BOOK VALUE
At 31 December 2023 7,313 13,857 - 4,982 26,152
At 31 December 2022 7,518 21,003 - 8,980 37,501

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 9,100
DEPRECIATION
At 1 January 2023 3,989
Charge for year 2,275
At 31 December 2023 6,264
NET BOOK VALUE
At 31 December 2023 2,836
At 31 December 2022 5,111

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 10,000
At 31 December 2022 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,517 168

OTTO PRODUCTIONS LTD (REGISTERED NUMBER: 05995238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 1,800 3,947
Finance leases - 1,138
Trade creditors 8 615
Tax 2,823 5,825
Social security and other taxes 2,650 -
VAT 1,789 1,067
Directors' current accounts 7,131 3,110
Accrued expenses - 2,000
16,201 17,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 2,328 2,712

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 3,579 7,150

Deferred
tax
£   
Balance at 1 January 2023 7,150
Credit to Income Statement during year (3,571 )
Balance at 31 December 2023 3,579

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 33,861
Profit for the year 4,252
Dividends (15,000 )
At 31 December 2023 23,113

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2022 - £37,000) were paid to the director .

The company was controlled throughout the year by the director S Otto who, together with his wife, owns 100% of the share capital of the company. At the year end there was an amount of £7,131 due to the director.