Registered number
14612839
TU PRODUCTIONS LTD
Filleted Accounts
31 January 2024
TU PRODUCTIONS LTD
Registered number: 14612839
Balance Sheet
as at 31 January 2024
Notes 2024
£
Current assets
Work in progress 1,396,409
Debtors 3 829,326
Cash at bank and in hand 169,798
2,395,533
Creditors: amounts falling due within one year 4 (2,410,004)
Net current liabilities (14,471)
Net liabilities (14,471)
Capital and reserves
Called up share capital 100
Profit and loss account (14,571)
Shareholders' funds (14,471)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Manjot Singh Bajwa
Director
Approved by the board on 17 October 2024
TU PRODUCTIONS LTD
Notes to the Accounts
for the period from 24 January 2023 to 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The company started production of the British qualifying film titled as "Jatt & Juliet 3" (the Film). The production cost of the Film as on balance sheet date is carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the Film.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 11
3 Debtors 2024
£
Trade debtors 800,000
VAT receivable 28,696
Other debtors 630
829,326
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 76,003
Advance for expenses 2,283,000
Taxation and social security costs 51,001
2,410,004
5 Related party transactions
During the period ending 31 January 2024, the Company paid £6,000 to Manjot Singh Bajwa towards his fee and reimbursement of production expenses. Mr. Manjot Singh Bajwa is the Director of the Company.
6 Controlling party
Mr Manjot Singh Bajwa, Director and PSC is the ultimate controlling party of the Company.
7 Other information
TU PRODUCTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Flat 16
23 Kenyon Way
Slough
England
SL3 8ES
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