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REGISTERED NUMBER: 09996201 (England and Wales)












REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

CLEAR PERSPECTIVE MEDIA (UK) LIMITED
TRADING AS
PERSPECTIVE PICTURES

CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


CLEAR PERSPECTIVE MEDIA (UK) LIMITED
TRADING AS PERSPECTIVE PICTURES

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: R W Rixon





REGISTERED OFFICE: First Floor
Solebay Street
London
London
E1 4PN





REGISTERED NUMBER: 09996201 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 29TH FEBRUARY 2024

The director presents his report with the financial statements of the company for the year ended 29th February 2024.

DIRECTOR
R W Rixon held office during the whole of the period from 1st March 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R W Rixon - Director


25th November 2024

CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,917 47,860

CURRENT ASSETS
Debtors 5 389,120 224,011
Cash at bank 64,370 136,461
453,490 360,472
CREDITORS
Amounts falling due within one year 6 311,662 170,557
NET CURRENT ASSETS 141,828 189,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,745

237,775

CREDITORS
Amounts falling due after more than one
year

7

(18,177

)

(33,456

)

PROVISIONS FOR LIABILITIES (9,729 ) (9,093 )
NET ASSETS 152,839 195,226

CAPITAL AND RESERVES
Called up share capital 508 508
Share premium 220,101 220,101
Retained earnings (67,770 ) (25,383 )
SHAREHOLDERS' FUNDS 152,839 195,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES

BALANCE SHEET - continued
29TH FEBRUARY 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th November 2024 and were signed by:





R W Rixon - Director


CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Clear Perspective Media (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 28 February 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 108,371
Additions 5,222
Disposals (9,690 )
At 29th February 2024 103,903
DEPRECIATION
At 1st March 2023 60,511
Charge for year 13,551
Eliminated on disposal (9,076 )
At 29th February 2024 64,986
NET BOOK VALUE
At 29th February 2024 38,917
At 28th February 2023 47,860

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,570 212,265
Amounts owed by group undertakings 20,178 -
Other debtors 5,000 5,700
Directors' current accounts 18,496 -
Tax 7,419 589
Prepayments 5,457 5,457
389,120 224,011

CLEAR PERSPECTIVE MEDIA (UK) LIMITED (REGISTERED NUMBER: 09996201)
TRADING AS PERSPECTIVE PICTURES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,809 10,542
Hire purchase contracts 4,893 4,600
Trade creditors (932 ) -
Tax - 11,982
Social security and other taxes 19,744 37,849
VAT 61,191 63,844
Other creditors 42,987 40,614
Directors' current accounts - 376
Deferred income 169,220 -
Accrued expenses 750 750
311,662 170,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,071 10,809
Bank loans - 2-5 years 6,920 17,561
Hire purchase contracts 186 5,086
18,177 33,456

8. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The company has outstanding financial commitments, guarantees and contingencies of £13,529 (2023: £19,139) at the balance sheet date.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
R W Rixon
Balance outstanding at start of year - -
Amounts advanced 18,496 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,496 -