Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-02-01No description of principal activity2truetruefalse 09589074 2023-02-01 2024-01-31 09589074 2022-02-01 2023-01-31 09589074 2024-01-31 09589074 2023-01-31 09589074 c:Director2 2023-02-01 2024-01-31 09589074 d:CurrentFinancialInstruments 2024-01-31 09589074 d:CurrentFinancialInstruments 2023-01-31 09589074 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09589074 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09589074 d:ShareCapital 2024-01-31 09589074 d:ShareCapital 2023-01-31 09589074 d:SharePremium 2024-01-31 09589074 d:SharePremium 2023-01-31 09589074 d:RetainedEarningsAccumulatedLosses 2024-01-31 09589074 d:RetainedEarningsAccumulatedLosses 2023-01-31 09589074 c:FRS102 2023-02-01 2024-01-31 09589074 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09589074 c:FullAccounts 2023-02-01 2024-01-31 09589074 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09589074 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 09589074









DURAN FILMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
DURAN FILMS LIMITED
REGISTERED NUMBER: 09589074

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
121,366
182,049

Debtors: amounts falling due within one year
 5 
21,547
19,647

Cash at bank and in hand
 6 
371
208

  
143,284
201,904

Creditors: amounts falling due within one year
 7 
(17,950)
(17,750)

Net current assets
  
 
 
125,334
 
 
184,154

Total assets less current liabilities
  
125,334
184,154

  

Net assets
  
125,334
184,154


Capital and reserves
  

Called up share capital 
  
1,515
1,515

Share premium account
  
148,500
148,500

Profit and loss account
  
(24,681)
34,139

  
125,334
184,154


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2024.


M Hodgson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DURAN FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Duran Films Limited is a private company limited by shares and registered in England & Wales. The address of its registered office 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.
Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

 
2.3

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 2

 
DURAN FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Stocks

2024
2023
£
£

Film production costs
121,366
182,049

121,366
182,049



5.


Debtors

2024
2023
£
£


Other debtors
21,547
19,647

21,547
19,647



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
371
208

371
208



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,000
14,000

Other creditors
1,450
1,250

Accruals and deferred income
2,500
2,500

17,950
17,750



8.


Related party transactions

At the reporting date £12,450 (2023: £12,250) was due to Ad Hoc Films Limited, a company of which D Glynn and M Hodgson are also directors.  The loan is repayable on demand and is not interest bearing.

Page 3

 
DURAN FILMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Controlling party

Throughout the current and preceeding period, the company was under the control of the directors by virtue of their shareholding.

 
Page 4