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Registration number: 08502497

Hero Post Production Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Hero Post Production Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Hero Post Production Limited

Company Information

Director

R Lawrence

Registered office

Orion House
5 Upper St Martin’s Lane
London
WC2H 9EA

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Hero Post Production Limited

Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,949

3,151

Current assets

 

Debtors

5

20,092

14,491

Cash at bank and in hand

 

22,914

28,361

 

43,006

42,852

Creditors: Amounts falling due within one year

6

(21,859)

(20,500)

Net current assets

 

21,147

22,352

Total assets less current liabilities

 

23,096

25,503

Provisions for liabilities

(487)

(788)

Net assets

 

22,609

24,715

Capital and reserves

 

Called up share capital

1

1

Retained earnings

22,608

24,714

Shareholders' funds

 

22,609

24,715

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Hero Post Production Limited

Statement of Financial Position as at 30 April 2024

Approved and authorised by the director on 29 November 2024
 

.........................................
R Lawrence
Director

   
     

Company registration number: 08502497

 

Hero Post Production Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Orion House
5 Upper St Martin’s Lane
London
WC2H 9EA
United Kingdom

The principal activity of the company is the provision of post production services to the entertainment industry.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 30 April 2024 and had net assets at that date amounting to £22,609, including cash at bank of £22,914.

The company has few fixed overheads and continues to trade profitably.

Based on the above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable for services in the normal course of the company's activities provided during the year, net of VAT and trade discounts.

Turnover from post production services is recognised over the period to which the services were provided.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Hero Post Production Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% per annum straight line

Fixtures & Fittings

25% per annum straight line

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2023 - 1).

 

Hero Post Production Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures & Fittings
£

Plant & Machinery
£

Total
£

Cost or valuation

At 1 May 2023

244

14,680

14,924

Additions

-

708

708

At 30 April 2024

244

15,388

15,632

Depreciation

At 1 May 2023

244

11,529

11,773

Charge for the year

-

1,910

1,910

At 30 April 2024

244

13,439

13,683

Carrying amount

At 30 April 2024

-

1,949

1,949

At 30 April 2023

-

3,151

3,151

5

Debtors

2024
£

2023
£

Trade debtors

17,601

11,784

Other debtors

2,491

2,707

20,092

14,491

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

1,033

680

Taxation and social security

17,129

16,386

Accruals and deferred income

3,200

2,975

Other creditors

497

459

21,859

20,500