Registration number:
Mati Film (HF1) Ltd
for the Period from 1 August 2022 to 31 January 2024
Mati Film (HF1) Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Mati Film (HF1) Ltd
Company Information
Directors |
Jessica Hines Melanie Elizabeth Dicks |
Registered office |
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Accountants |
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Mati Film (HF1) Ltd
(Registration number: 12107899)
Balance Sheet as at 31 January 2024
Note |
2024 |
2022 |
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Fixed assets |
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Intangible assets |
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- |
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Current assets |
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Stocks |
- |
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Debtors |
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- |
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Investments |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
(44,774) |
(23,483) |
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Shareholders' deficit |
(44,773) |
(23,482) |
For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Mati Film (HF1) Ltd
(Registration number: 12107899)
Balance Sheet as at 31 January 2024
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Mati Film (HF1) Ltd
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 January 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Mati Film (HF1) Ltd
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 January 2024
Intangible assets
Recognition and Measurement
Film production costs, including development, pre-production, and post-production costs, are recognized as intangible assets when it is probable that future economic benefits attributable to the film will flow to the company, and the costs can be measured reliably. These costs encompass direct expenses, such as talent fees, location expenses, and other production-related expenditures, as well as an allocation of production overheads directly attributable to the asset.
Intangible assets are initially measured at cost. Costs incurred post-completion that enhance the film's economic potential are also capitalized if they meet the recognition criteria.
Subsequent Measurement
Film assets are carried at cost less accumulated amortization and any accumulated impairment losses.
Amortisation
Capitalized film production costs are amortized over the expected economic life of the film, beginning when the film is released and capable of generating revenue.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Mati Film (HF1) Ltd
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 January 2024
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Mati Film (HF1) Ltd
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 January 2024
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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Additions internally developed |
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At 31 January 2024 |
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Amortisation |
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Carrying amount |
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At 31 January 2024 |
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Stocks |
2024 |
2022 |
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Work in progress |
- |
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Debtors |
Note |
2024 |
2022 |
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Amounts owed by related parties |
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- |
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Other debtors |
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- |
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Current asset investments |
2024 |
2022 |
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Shares in group undertakings |
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- |
Mati Film (HF1) Ltd
Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 31 January 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2022 |
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Due within one year |
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Taxation and social security |
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- |
Accruals and deferred income |
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Other creditors |
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