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REGISTERED NUMBER: 14464894 (England and Wales)















Unaudited Financial Statements

for the Period 7 November 2022 to 30 November 2023

for

Reggae Girlz Films Limited

Reggae Girlz Films Limited (Registered number: 14464894)






Contents of the Financial Statements
for the Period 7 November 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reggae Girlz Films Limited

Company Information
for the Period 7 November 2022 to 30 November 2023







DIRECTORS: J D Alwen
L J Wallace





REGISTERED OFFICE: 11 Court Lane Gardens
London
SE21 7DZ





REGISTERED NUMBER: 14464894 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Reggae Girlz Films Limited (Registered number: 14464894)

Balance Sheet
30 November 2023

Notes £   
CURRENT ASSETS
Stocks 4 417,802
Debtors 5 28,107
Cash at bank 7,194
453,103
CREDITORS
Amounts falling due within one year 6 454,301
NET CURRENT LIABILITIES (1,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,198

)

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (1,200 )
(1,198 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Reggae Girlz Films Limited (Registered number: 14464894)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





L J Wallace - Director


Reggae Girlz Films Limited (Registered number: 14464894)

Notes to the Financial Statements
for the Period 7 November 2022 to 30 November 2023

1. STATUTORY INFORMATION

Reggae Girlz Films 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Work in progress
Work in progress, representing completed programmes and productions in progress, include an attributable portion of overheads and are stated at the lower of cost and net realisable value. Production costs are released to the profit and loss account on the delivery of programmes to the broadcaster, at which time the turnover is also recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Creditors
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at fair value, net of any transaction costs, and subsequently measured at amortised cost determined using the effective interest method.

Reggae Girlz Films Limited (Registered number: 14464894)

Notes to the Financial Statements - continued
for the Period 7 November 2022 to 30 November 2023

2. ACCOUNTING POLICIES - continued

Cost recognition
Development Costs
Development costs are generally expensed as incurred to the income statement. Where development funding has been received, the revenue is recognised on a cost-plus basis. However, if a firm commitment exists which indicates that current and future expenses will be recoverable, development costs are capitalised in the costs of a programme. These costs are capitalised in WIP as a part of a specific project expected to be set for production.

Production Costs Recognition
Production costs are ordinarily accumulated by individual programmes in four chronological steps: acquisition of story rights; pre-production (which includes script development, costume design, set design, and construction); principal photography (which includes shooting the production); and post-production (which includes sound synchronisation and editing); culminating in the completed master negative. All costs are capitalised to Work in Progress (WIP) until the point at which the WIP balance is recognised or consumed on the income statement, generally as delivery of the episodes occurs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. STOCKS
£   
Work-in-progress 417,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2
VAT 28,105
28,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,912
Other creditors 450,189
Accruals and deferred income 1,200
454,301