0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09655975 2023-01-01 2023-12-31 09655975 2023-12-31 09655975 2022-12-31 09655975 2022-01-01 2022-12-31 09655975 2022-12-31 09655975 2021-12-31 09655975 bus:Director5 2023-01-01 2023-12-31 09655975 core:AfterOneYear 2023-12-31 09655975 core:AfterOneYear 2022-12-31 09655975 core:WithinOneYear 2023-12-31 09655975 core:WithinOneYear 2022-12-31 09655975 core:ShareCapital 2023-12-31 09655975 core:ShareCapital 2022-12-31 09655975 core:RetainedEarningsAccumulatedLosses 2023-12-31 09655975 core:RetainedEarningsAccumulatedLosses 2022-12-31 09655975 bus:SmallEntities 2023-01-01 2023-12-31 09655975 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09655975 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09655975 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09655975 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 09655975
Commodore Films Limited
Filleted Unaudited Financial Statements
31 December 2023
Commodore Films Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Stocks
387,756
382,756
Cash at bank and in hand
1,831
1,005
---------
---------
389,587
383,761
Creditors: amounts falling due within one year
4
( 141,255)
( 134,493)
---------
---------
Net current assets
248,332
249,268
---------
---------
Total assets less current liabilities
248,332
249,268
Creditors: amounts falling due after more than one year
5
( 250,000)
( 250,000)
---------
---------
Net liabilities
( 1,668)
( 732)
---------
---------
Capital and reserves
Called up share capital
700
700
Profit and loss account
( 2,368)
( 1,432)
-------
-------
Shareholders deficit
( 1,668)
( 732)
-------
-------
These financial statements 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 year ending 31 December 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 .
Commodore Films Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 11 October 2024 , and are signed on behalf of the board by:
J R Sivers
Director
Company registration number: 09655975
Commodore Films Limited
Notes to the Financial Statements
Year ended 31 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 10 Orange Street, London, WC2H7DQ, United Kingdom.
2. Statement of compliance
These financial statements 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 statements 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 statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis notwithstanding the deficit on shareholders funds as the shareholder has expressed a willingness to support the company for the foreseeable future.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
29,098
38,886
Production advances
112,157
95,607
---------
---------
141,255
134,493
---------
---------
5. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
250,000
250,000
---------
---------