Eleanor Films Limited
Unaudited Financial Statements
For the period ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 14458527 (England and Wales)
Eleanor Films Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Eleanor Films Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
Notes
£
£
Fixed assets
Tangible assets
3
77,418
Current assets
Debtors
4
41,187
Cash at bank and in hand
30,394
71,581
Creditors: amounts falling due within one year
5
(499,579)
Net current liabilities
(427,998)
Net liabilities
(350,580)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(350,680)
Total equity
(350,580)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 14 October 2024
S Gold
Director
Company Registration No. 14458527
Eleanor Films Limited
Statement of Changes in Equity
For the period ended 31 December 2023
Page 2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 2 November 2022
-
Period ended 31 December 2023:
Loss and total comprehensive income for the period
-
(350,680)
(350,680)
Issue of share capital
6
100
-
100
Balance at 31 December 2023
100
(350,680)
(350,580)
Eleanor Films Limited
Notes to the Financial Statements
For the period ended 31 December 2023
Page 3
1
Accounting policies
Company information
Eleanor Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor 10-11 Lower John Street, London, W1F 9EB.
1.1
Reporting period
The annual financial statements are presented for a period longer than one year, due to the company being incorporated on 2 November 2022.
1.2
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% straight line
Computers
33.33% straight line
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.
1.5
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 current liabilities.
1.6
Financial instruments
The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
Eleanor Films Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2023
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
2
Eleanor Films Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2023
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 2 November 2022
Additions
105,957
At 31 December 2023
105,957
Depreciation and impairment
At 2 November 2022
Depreciation charged in the period
28,539
At 31 December 2023
28,539
Carrying amount
At 31 December 2023
77,418
4
Debtors
2023
Amounts falling due within one year:
£
Other debtors
32,190
Prepayments and accrued income
8,997
41,187
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
9,401
Taxation and social security
5,776
Other creditors
465,356
Accruals and deferred income
19,046
499,579
Eleanor Films Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2023
Page 6
6
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
7
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
£
203,799
8
Related party transactions
At the year end, £459,223 was owed by the company to a company under common control.