True to Nature Zoo Brothers Limited 12628246 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Television programme production Digita Accounts Production Advanced 6.30.9574.0 true true true 12628246 2023-06-01 2024-05-31 12628246 2024-05-31 12628246 core:RetainedEarningsAccumulatedLosses 2024-05-31 12628246 core:ShareCapital 2024-05-31 12628246 core:CurrentFinancialInstruments 2024-05-31 12628246 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12628246 bus:SmallEntities 2023-06-01 2024-05-31 12628246 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12628246 bus:FilletedAccounts 2023-06-01 2024-05-31 12628246 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12628246 bus:RegisteredOffice 2023-06-01 2024-05-31 12628246 bus:Director2 2023-06-01 2024-05-31 12628246 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12628246 1 2023-06-01 2024-05-31 12628246 countries:EnglandWales 2023-06-01 2024-05-31 12628246 2022-06-01 2023-05-31 12628246 2023-05-31 12628246 core:RetainedEarningsAccumulatedLosses 2023-05-31 12628246 core:ShareCapital 2023-05-31 12628246 core:CurrentFinancialInstruments 2023-05-31 12628246 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 12628246

True to Nature Zoo Brothers Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

True to Nature Zoo Brothers Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

True to Nature Zoo Brothers Limited

(Registration number: 12628246)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

472,173

307,235

Cash at bank and in hand

 

74,309

876,000

 

546,482

1,183,235

Creditors: Amounts falling due within one year

5

(587,790)

(1,162,831)

Net (liabilities)/assets

 

(41,308)

20,404

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(41,310)

20,402

Shareholders' (deficit)/funds

 

(41,308)

20,404

For the financial year ending 31 May 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss account has been taken

Approved and authorised by the Board on 3 October 2024 and signed on its behalf by:
 

S A Batty
Director

   
     
 

True to Nature Zoo Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 The Furlong
Bristol
BS6 7TF

These financial statements were authorised for issue by the Board on 3 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have adequate resources to continue as a going concern. The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis and the parent company has pledged to provide financial support to enable the company to meet its liabilities. Therefore, the financial statements have been prepared on a going concern basis.

 

True to Nature Zoo Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
the stage of completion of the transaction at the end of the reporting period can be measured reliably;
and specific criteria have been met for each of the company's activities.

Revenue from contracts for film and television production services is recognised using the percentage of completion method. The stage of completion is determined by reference to the costs incurred to date as a proportion of the estimated total costs of completing the contract.

Where the contract outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim or payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

True to Nature Zoo Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension
fund and the company has no legal or constructive obligation to pay further contributions even if the
fund does not hold sufficient assets to pay all employees the benefits relating to employee service in
the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they
are due. If contribution payments exceed the contribution due for service, the excess is recognised as
a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

4

Debtors

2024
£

2023
£

Trade debtors

31,350

-

Other debtors

440,823

307,235

472,173

307,235

 

True to Nature Zoo Brothers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Creditors

Due within one year

Note

2024
£

2023
£

 

Trade creditors

 

26,193

67,170

Amounts due to related parties

6

548,094

582,011

Social security and other taxes

 

-

91,694

Accruals

 

13,503

7,388

Deferred income

 

-

414,568

 

587,790

1,162,831

6

Related party transactions

The company has taken advantage of the exemption available under section 1AC.35 of Financial Reporting Standard 102, not to disclose transactions with other wholly owned members of this group.

7

Parent and ultimate parent undertaking

The company's immediate parent is True to Nature Limited, incorporated in England and Wales.

  These financial statements are available upon request from 16 The Furlong, Henleaze, Bristol, United Kingdom, BS6 7TF