The Alan Parker Film Co. Limited
Unaudited Financial Statements
For the year ended 30 September 2023
Pages for Filing with Registrar
Company Registration No. 00992650 (England and Wales)
The Alan Parker Film Co. Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
The Alan Parker Film Co. Limited
Balance Sheet
As at 30 September 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
6,973
6,973
Current assets
Debtors
6
65,430
129,543
Cash at bank and in hand
183,937
150,630
249,367
280,173
Creditors: amounts falling due within one year
7
(15,553)
(47,204)
Net current assets
233,814
232,969
Net assets
240,787
239,942
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
239,787
238,942
Total equity
240,787
239,942
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Alan Parker Film Co. Limited
Balance Sheet (Continued)
As at 30 September 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 21 September 2024 and are signed on its behalf by:
Lady Lisa Parker
Director
Company Registration No. 00992650
The Alan Parker Film Co. Limited
Notes to the Financial Statements
For the year ended 30 September 2023
Page 3
1
Accounting policies
Company information
The Alan Parker Film Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in pound sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Exemptions for qualifying entities under FRS 102
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore has prepared the financial statements on a going concern basis.true
1.4
Turnover
Revenue is recognised on receipt of royalty statements from collection agents. Where possible income is accrued in respect of royalty statements received post year end relating to income earned in the year. This is the earliest opportunity by which the company obtains the right to consideration in exchange for its performance under these contracts.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
The Alan Parker Film Co. Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
1
Accounting policies
(Continued)
Page 4
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.9
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.10
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was :
2023
2022
Number
Number
3
2
3
Fixed asset investments
2023
2022
£
£
Investments
6,973
6,973
The Alan Parker Film Co. Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
3
Fixed asset investments
(Continued)
Page 5
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 1 October 2022 & 30 September 2023
6,973
Carrying amount
At 30 September 2023
6,973
At 30 September 2022
6,973
4
Subsidiaries
Details of the company's subsidiaries at 30 September 2023 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Turnipco Inc
USA
Motion picture and video production
Ordinary
51
5
Associates
Details of the company's associates at 30 September 2023 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Bugsy Malone Productions UK Limited
Charlotte Building, 17 Gresse Street, London, W1T 1QL
Motion picture and video production
Ordinary
50
The Alan Parker Film Co. Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2023
Page 6
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
298
Other debtors
41,478
91,751
Prepayments and accrued income
23,952
37,494
65,430
129,543
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,333
908
Corporation tax
5,333
6,660
Other creditors
4,057
32,686
Accruals and deferred income
4,830
6,950
15,553
47,204
8
Called up share capital
2023
2022
£
£
Ordinary share capital
1,000 Ordinary shares of £1 each
1,000
1,000
All of the ordinary shares carry full voting and control rights.
9
Related party transactions
At year end, there was a balance of £41,111 (2022: £89,915) due from Bugsy Malone Productions Limited, a connected company.
The company owed a year end balance of £4,057 (2022: £32,686) owed to a director.
10
Control
The company is controlled by Lady Lisa Parker.