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Registered Number: 12444706
England and Wales

 

 

 

365HUSTLE PRODUCTIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Report to the directors on the preparation of the unaudited statutory accounts of 365HUSTLE PRODUCTIONS LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 365HUSTLE PRODUCTIONS LTD for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of 365HUSTLE PRODUCTIONS LTD, as a body, in accordance with the terms of our engagement letter dated 29 November 2024 Our work has been undertaken solely to prepare for your approval the accounts of 365HUSTLE PRODUCTIONS LTD and state those matters that we have agreed to state to the Board of Directors of 365HUSTLE PRODUCTIONS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 365HUSTLE PRODUCTIONS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 365HUSTLE PRODUCTIONS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 365HUSTLE PRODUCTIONS LTD. You consider that 365HUSTLE PRODUCTIONS LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of 365HUSTLE PRODUCTIONS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
29 February 2024



....................................................

Saw Accounting & Tax Advisory

Suite SS
Avon House
435 Stratford Road
Shirley
B92 7EY
29 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 48,046    60,164 
Investments 4 24,063    24,063 
72,109    84,227 
Current assets      
Debtors 125,110    125,110 
Cash at bank and in hand 31,556    429 
156,666    125,539 
Creditors: amount falling due within one year (157,447)   (67,241)
Net current assets (781)   58,298 
 
Total assets less current liabilities 71,328    142,525 
Accruals and deferred income   (82,000)
Net assets 71,328    60,525 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 71,228    60,425 
Shareholders' funds 71,328    60,525 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 November 2024 and were signed by:


-------------------------------
Oladimeji ALABI-ISAMA ADEYEMI
Director
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General Information
365HUSTLE PRODUCTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12444706, registration address 96 Cheyne Path, Copley Close, London, England, London, W7 1QT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2023 74,855    74,855 
Additions  
Disposals  
At 29 February 2024 74,855    74,855 
Depreciation
At 01 March 2023 14,690    14,690 
Charge for year 12,119    12,119 
On disposals  
At 29 February 2024 26,809    26,809 
Net book values
Closing balance as at 29 February 2024 48,046    48,046 
Opening balance as at 01 March 2023 60,164    60,164 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2023 24,063    24,063 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 29 February 2024 24,063    24,063 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3