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Registered number: 14601512














KK FILMS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 APRIL 2023 TO 31 JULY 2024

 
KK FILMS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
KK FILMS LIMITED
REGISTERED NUMBER:14601512

BALANCE SHEET
AS AT 31 JULY 2024

31 July
31 March
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
428,400
-

Cash at bank and in hand
 5 
109
100

  
428,509
100

Creditors: amounts falling due within one year
 6 
(363,064)
-

Net current assets
  
 
 
65,445
 
 
100

Total assets less current liabilities
  
65,445
100

  

Net assets
  
65,445
100


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
65,345
-

  
65,445
100


1

 
KK FILMS LIMITED
REGISTERED NUMBER:14601512
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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: 




V C Varakantham
Director

Date: 19 September 2024

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

2

 
KK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

KK Film Limited is a private company, limited by shares, registered in England and Wales, registration number 14601512. 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 1 April 2023.
The company has extended its accounting period from 31 March 2024 to 31 July 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.

3

 
KK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Debtors

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

 
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.

 
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 (2023 -1).


4.


Debtors

31 July
31 March
2024
2023
£
£


Other debtors
428,400
-



5.


Cash and cash equivalents

31 July
31 March
2024
2023
£
£

Cash at bank and in hand
109
100


4

 
KK FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

31 July
31 March
2024
2023
£
£

Other loans
253,776
-

Trade creditors
54,800
-

Other creditors
8,152
-

Accruals
46,336
-

363,064
-



7.


Share capital

31 July
31 March
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares shares of £1.00 each
100
100


 
5