Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-18falsetrue 14600301 2023-01-17 14600301 2023-01-18 2024-06-30 14600301 2022-01-18 2023-01-17 14600301 2024-06-30 14600301 c:Director1 2023-01-18 2024-06-30 14600301 d:CurrentFinancialInstruments 2024-06-30 14600301 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14600301 d:ShareCapital 2024-06-30 14600301 d:RetainedEarningsAccumulatedLosses 2024-06-30 14600301 c:OrdinaryShareClass1 2023-01-18 2024-06-30 14600301 c:OrdinaryShareClass1 2024-06-30 14600301 c:FRS102 2023-01-18 2024-06-30 14600301 c:AuditExempt-NoAccountantsReport 2023-01-18 2024-06-30 14600301 c:FullAccounts 2023-01-18 2024-06-30 14600301 c:PrivateLimitedCompanyLtd 2023-01-18 2024-06-30 14600301 2 2023-01-18 2024-06-30 14600301 e:PoundSterling 2023-01-18 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14600301














ALAG FILM LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 18 JANUARY 2023 TO 30 JUNE 2024

 
ALAG FILM LIMITED
REGISTERED NUMBER:14600301

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
358,823

Cash at bank and in hand
 5 
6,758

  
365,581

Creditors: amounts falling due within one year
 6 
(351,055)

Net current assets
  
 
 
14,526

Total assets less current liabilities
  
14,526

  

Net assets
  
14,526


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
14,426

  
14,526


1

 
ALAG FILM LIMITED
REGISTERED NUMBER:14600301
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




U R Prabhu
Director

Date: 11 September 2024

The notes on pages 3 to 5 form part of these financial statements.

2

 
ALAG FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Alag Film Limited is a private company, limited by shares, registered in England and Wales, registration number 14600301. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
 
The principal activity of the company is that of motion picture production activities.
 
The company was incorporated on 18 January 2023 and commenced trading on 26 March 2023.
The company has extended its accounting period from 31 January 2024 to 30 June 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from motion pictures is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover from motion pictures is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company is eligible to claim a tax credit on motion production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

3

 
ALAG FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
358,823



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
6,758

Less: bank overdrafts
(5)

6,753


4

 
ALAG FILM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
£

Bank overdrafts
5

Other loans
200,000

Trade creditors
6,250

Other creditors
1,500

Accruals
143,300

351,055



7.


Share capital

2024
£
Allotted, called up and fully paid


100  Ordinary shares of £1.00 each
100


100 Ordinary shares of £1 were issued on incorporation on 18 January 2023 at an aggregate
subscription price of £100 and an aggregate nominal value of £100.


8.


Related party transactions

Included within other creditors at the year end is balance totalling £1,500 due to the director. The loan is interest free and repayable on demand.

 
5