Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09544748 Mr Lysander Ashton Mr Mark Grimmer Mr Richard Slaney Mr Leo Warner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09544748 2022-12-31 09544748 2023-12-31 09544748 2023-01-01 2023-12-31 09544748 frs-core:CurrentFinancialInstruments 2023-12-31 09544748 frs-core:ShareCapital 2023-12-31 09544748 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09544748 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09544748 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09544748 frs-bus:SmallEntities 2023-01-01 2023-12-31 09544748 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09544748 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09544748 frs-bus:Director1 2023-01-01 2023-12-31 09544748 frs-bus:Director2 2023-01-01 2023-12-31 09544748 frs-bus:Director3 2023-01-01 2023-12-31 09544748 frs-bus:Director4 2023-01-01 2023-12-31 09544748 frs-countries:EnglandWales 2023-01-01 2023-12-31 09544748 2021-12-31 09544748 2022-12-31 09544748 2022-01-01 2022-12-31 09544748 frs-core:CurrentFinancialInstruments 2022-12-31 09544748 frs-core:ShareCapital 2022-12-31 09544748 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09544748
59 Productions City of Glass Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09544748
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 163,228 8,000
Cash at bank and in hand 492 492
163,720 8,492
Creditors: Amounts Falling Due Within One Year 5 (4,500 ) -
NET CURRENT ASSETS (LIABILITIES) 159,220 8,492
TOTAL ASSETS LESS CURRENT LIABILITIES 159,220 8,492
NET ASSETS 159,220 8,492
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 158,220 7,492
SHAREHOLDERS' FUNDS 159,220 8,492
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lysander Ashton
Director
19 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
59 Productions City of Glass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09544748 . The registered office is Unit 8 Benwell Studios, 11-13 Benwell Road, London, N7 7BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover relates to the production of a film. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. 
The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees (directors who are not employees excluded) during the year was: NIL (2022: 4)
- 4
4. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 155,228 -
Amounts owed by group undertakings 8,000 8,000
163,228 8,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 4,500 -
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6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Related Party Transactions
During the period, all related-party transactions that took place arose on an arm’s-length basis through the normal course of business. As such, no transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.
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