Bugsy Malone Productions Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 01215957 (England and Wales)
Bugsy Malone Productions Limited
Company Information
Directors
Lady L. Parker
R. Mace
H Parker
(Appointed 16 June 2023)
Secretary
Lady L. Parker
Company number
01215957
Registered office
Charlotte Building
17 Gresse Street
London
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Bugsy Malone Productions Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Bugsy Malone Productions Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
41,968
3,526
Cash at bank and in hand
21,718
110,202
63,686
113,728
Creditors: amounts falling due within one year
4
(63,586)
(113,628)
Net current assets
100
100
Capital and reserves
-
-
Called up share capital
5
100
100

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 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 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 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 L. Parker
Director
Company Registration No. 01215957
Bugsy Malone Productions Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

Bugsy Malone Productions 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 102 “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 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
Going concern

Atruet 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.

 

1.3
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.

1.4
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.

1.5
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.

1.6
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.

Bugsy Malone Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 3
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
213
3,323
Prepayments and accrued income
41,755
203
41,968
3,526
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,276
5,225
Other creditors
58,810
105,093
Accruals and deferred income
3,500
3,310
63,586
113,628
Bugsy Malone Productions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
50
50
50
50
Ordinary B Shares of £1 each
50
50
50
50
100
100
100
100

Both classes of shares have equal voting rights.

6
Related party transactions

At the year end £41,111 (2022: £89,915) was due to The Alan Parker Film Co. Limited, a related party by virtue of common control, relating to unpaid royalties.

 

At the year end £16,749 (2022: £14,228) was due to Sir E. de Rothschild, a participator in the company, relating to unpaid royalties.

 

Included in other creditors is a balance of £950 (2022: £950) relating to a director's current account.

7
Ultimate controlling party

The directors consider there is no ultimate controlling party of the company.

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