Silverfin false false 31/05/2024 01/06/2023 31/05/2024 A M Harper 02/05/2012 T Jones 01/11/2014 07 October 2024 The principal activity of Grey Parrot Productions Ltd is that of series production and post-production services for the television industry. 08053660 2024-05-31 08053660 bus:Director1 2024-05-31 08053660 bus:Director2 2024-05-31 08053660 2023-05-31 08053660 core:CurrentFinancialInstruments 2024-05-31 08053660 core:CurrentFinancialInstruments 2023-05-31 08053660 core:Non-currentFinancialInstruments 2024-05-31 08053660 core:Non-currentFinancialInstruments 2023-05-31 08053660 core:ShareCapital 2024-05-31 08053660 core:ShareCapital 2023-05-31 08053660 core:RetainedEarningsAccumulatedLosses 2024-05-31 08053660 core:RetainedEarningsAccumulatedLosses 2023-05-31 08053660 core:Vehicles 2023-05-31 08053660 core:OfficeEquipment 2023-05-31 08053660 core:Vehicles 2024-05-31 08053660 core:OfficeEquipment 2024-05-31 08053660 bus:OrdinaryShareClass1 2024-05-31 08053660 bus:OrdinaryShareClass2 2024-05-31 08053660 2023-06-01 2024-05-31 08053660 bus:FilletedAccounts 2023-06-01 2024-05-31 08053660 bus:SmallEntities 2023-06-01 2024-05-31 08053660 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08053660 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08053660 bus:Director1 2023-06-01 2024-05-31 08053660 bus:Director2 2023-06-01 2024-05-31 08053660 core:Vehicles 2023-06-01 2024-05-31 08053660 core:OfficeEquipment core:TopRangeValue 2023-06-01 2024-05-31 08053660 2022-06-01 2023-05-31 08053660 core:OfficeEquipment 2023-06-01 2024-05-31 08053660 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 08053660 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08053660 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08053660 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 08053660 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08053660 (England and Wales)

GREY PARROT PRODUCTIONS LTD

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

GREY PARROT PRODUCTIONS LTD

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

GREY PARROT PRODUCTIONS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
GREY PARROT PRODUCTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 39,802 482
39,802 482
Current assets
Debtors 4 2,122 9,660
Cash at bank and in hand 23,248 10,750
25,370 20,410
Creditors: amounts falling due within one year 5 ( 17,175) ( 8,245)
Net current assets 8,195 12,165
Total assets less current liabilities 47,997 12,647
Creditors: amounts falling due after more than one year 6 ( 3,659) 0
Net assets 44,338 12,647
Capital and reserves
Called-up share capital 7 10 10
Profit and loss account 44,328 12,637
Total shareholders' funds 44,338 12,647

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 financial statements of Grey Parrot Productions Ltd (registered number: 08053660) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A M Harper
Director

07 October 2024

GREY PARROT PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
GREY PARROT PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Grey Parrot Productions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 June 2023 0 6,046 6,046
Additions 39,595 0 39,595
At 31 May 2024 39,595 6,046 45,641
Accumulated depreciation
At 01 June 2023 0 5,564 5,564
Charge for the financial year 0 275 275
At 31 May 2024 0 5,839 5,839
Net book value
At 31 May 2024 39,595 207 39,802
At 31 May 2023 0 482 482

4. Debtors

2024 2023
£ £
Trade debtors 0 5,160
Corporation tax 1,542 0
Other debtors 580 4,500
2,122 9,660

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,896 5,348
Obligations under finance leases and hire purchase contracts 1,351 0
Other creditors 13,928 2,897
17,175 8,245

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 3,659 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5 Ordinary A shares of £ 1.00 each 5 5
5 Ordinary B shares of £ 1.00 each 5 5
10 10

8. Related party transactions

Included within other creditors is a balance of £9,819 (2023: £147) owed to the company's directors. This balance is unsecured with no fixed repayment terms.