0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 116,785 256,039 372,824 49,184 57,986 107,170 265,654 67,601 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 12448691 2023-04-01 2024-03-31 12448691 2024-03-31 12448691 2023-03-31 12448691 2022-04-01 2023-03-31 12448691 2023-03-31 12448691 2022-03-31 12448691 core:PlantMachinery 2023-04-01 2024-03-31 12448691 bus:Director1 2023-04-01 2024-03-31 12448691 core:PlantMachinery 2023-03-31 12448691 core:PlantMachinery 2024-03-31 12448691 core:WithinOneYear 2024-03-31 12448691 core:WithinOneYear 2023-03-31 12448691 core:ShareCapital 2024-03-31 12448691 core:ShareCapital 2023-03-31 12448691 core:RetainedEarningsAccumulatedLosses 2024-03-31 12448691 core:RetainedEarningsAccumulatedLosses 2023-03-31 12448691 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 12448691 core:Non-currentFinancialInstruments 2024-03-31 12448691 core:Non-currentFinancialInstruments 2023-03-31 12448691 core:PlantMachinery 2023-03-31 12448691 bus:SmallEntities 2023-04-01 2024-03-31 12448691 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12448691 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12448691 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12448691 bus:FullAccounts 2023-04-01 2024-03-31 12448691 bus:Director1 1 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 12448691
Evolution Productions Holdings Limited
Filleted Unaudited Financial Statements
31 March 2024
Evolution Productions Holdings Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Evolution Productions Holdings Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
265,654
67,601
Investments
6
100
100
---------
--------
265,754
67,701
Current assets
Debtors
7
174,124
70,000
Cash at bank and in hand
1,080,217
1,072,904
------------
------------
1,254,341
1,142,904
Creditors: amounts falling due within one year
8
411,571
351,604
------------
------------
Net current assets
842,770
791,300
------------
---------
Total assets less current liabilities
1,108,524
859,001
------------
---------
Net assets
1,108,524
859,001
------------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
1,108,324
858,801
------------
---------
Shareholders funds
1,108,524
859,001
------------
---------
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 March 2024 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 .
Evolution Productions Holdings Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
ELV Hendy
Director
Company registration number: 12448691
Evolution Productions Holdings Limited
Notes to the Financial Statements
Year ended 31 March 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 Little Statenborough House, Sandwich Road, Eastry, Sandwich, Kent, CT13 0DH, 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year was 2 (2023: 2).
5. Tangible assets
Set props and costumes
£
Cost
At 1 April 2023
116,785
Additions
256,039
---------
At 31 March 2024
372,824
---------
Depreciation
At 1 April 2023
49,184
Charge for the year
57,986
---------
At 31 March 2024
107,170
---------
Carrying amount
At 31 March 2024
265,654
---------
At 31 March 2023
67,601
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
100
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
100
----
At 31 March 2023
100
----
7. Debtors
2024
2023
£
£
Other debtors
174,124
70,000
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
410,721
350,804
Other creditors
850
800
---------
---------
411,571
351,604
---------
---------
9. Directors' advances, credits and guarantees
At the year end the company was owed £174,124 by the directors (2023: £70,000). During the year aggregate advances of £239,431 were made to the directors and aggregate repayments of £137,000 were made by the directors. Interest of £1,783 was charged on the overdrawn balance.