SHIDDAT FILMS UK LTD |
Notes to the Accounts |
for the year ended 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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film titled as "Shiddat" (the Film). The turnover recognised by the Company relates only to this Film. |
|
|
Cost of sales |
|
Production cost of the Film is recognised in the profit & loss account as cost of sales. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed in previous year relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
VAT receivable |
2,650 |
|
2,380 |
|
Other debtors |
119,482 |
|
116,518 |
|
|
|
|
|
|
122,132 |
|
118,898 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
- |
|
36,834 |
|
Other creditors |
169,211 |
|
105,847 |
|
|
|
|
|
|
169,211 |
|
142,681 |
|
|
|
|
|
|
|
|
|
|
5 |
Related party transactions |
|
|
During the year ending 31 January 2024, BreakThrough Consultants Limited invoiced the company for £11,750 (31/01/2023: £5,000) towards consultancy fee. Brian Brake, director of Breakthrough Consultants Limited is also a director of the Company during the period. Brian Brake is not involved in the day to day running of the Company and has no beneficial or financial interest other than above fee disclosed. |
|
|
6 |
Controlling party |
|
|
Mr Ashish Chauhan, the PSC of the Company and has right to appoint and remove directors, is the ultimate controlling party. |
|
|
7 |
Other information |
|
|
SHIDDAT FILMS UK LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Suite F |
|
1-3 Canfield Place |
|
London |
|
NW6 3BT |