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COMPANY REGISTRATION NUMBER: 12930993
Malfi Film Productions Limited
Filleted Unaudited Financial Statement
30 December 2023
Malfi Film Productions Limited
Statement of Financial Position
30 December 2023
30 Dec 23
31 Dec 22
Note
£
£
Current assets
Stocks
303,725
292,725
Cash at bank and in hand
169
176
---------
---------
303,894
292,901
Creditors: amounts falling due within one year
4
306,399
292,801
---------
---------
Net current (liabilities)/assets
( 2,505)
100
-------
----
Total assets less current liabilities
( 2,505)
100
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 2,605)
-------
----
Shareholders (deficit)/funds
( 2,505)
100
-------
----
These financial statement have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statement for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statement .
These financial statement were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Ms Miriam Dinah Segal
Director
Company registration number: 12930993
Malfi Film Productions Limited
Notes to the Financial Statement
Period from 1 January 2023 to 30 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN, England.
2. Statement of compliance
These financial statement have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statement have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statement are prepared in sterling, which is the functional currency of the entity.
Stocks
Stocks consist of work in progress and represent the development costs of film productions. The costs are recorded at the lower of cost and net realisable value, and are net of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Creditors: amounts falling due within one year
30 Dec 23
31 Dec 22
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
92,800
79,202
Other creditors
213,599
213,599
---------
---------
306,399
292,801
---------
---------
5. Contingencies
Charges have been made against the company's assets including its rights, title and interest in and to the film, in favour of the following entity who has advanced funds to finance film production costs: - Media Finance Capital Alpha Limited
6. Controlling party
The company is a wholly owned subsidiary of Good Films Collective Inc ., incorporated in U.S.A.