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COMPANY REGISTRATION NUMBER: 11462080
Periwinkle (SAS) Productions Limited
Filleted Unaudited Financial Statements
15 January 2024
Periwinkle (SAS) Productions Limited
Statement of Financial Position
15 January 2024
2024
2023
Note
£
£
Current assets
Debtors
4
401,019
140,443
Cash at bank and in hand
1,316
321,992
---------
---------
402,335
462,435
Creditors: amounts falling due within one year
5
402,334
462,434
---------
---------
Net current assets
1
1
----
----
Total assets less current liabilities
1
1
----
----
Capital and reserves
Called up share capital
1
1
----
----
Shareholder funds
1
1
----
----
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 15 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has 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 .
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:
Mr. K Dickson
Director
Company registration number: 11462080
Periwinkle (SAS) Productions Limited
Notes to the Financial Statements
Year ended 15 January 2024
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.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2024
2023
£
£
Trade debtors
106,103
16,686
Other debtors
294,916
123,757
---------
---------
401,019
140,443
---------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
97,901
247,323
Social security and other taxes
304,433
215,111
---------
---------
402,334
462,434
---------
---------
6. 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 entities who have advanced funds to finance film production costs: - Sky UK Limited - Periwinkle Productions Limited - Silver Reel Entertainment Mezzanine Fund, LP - Film Finance Inc. - Red Notice Limited
7. Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 from disclosing details of transaction with other wholly owned group companies.