Silverfin false false 30/09/2024 01/10/2023 30/09/2024 R B A Swift 02/09/2014 S Swift 02/09/2014 15 January 2025 The principal activity of the Company during the financial year was provision of loan funding. 09199574 2024-09-30 09199574 bus:Director1 2024-09-30 09199574 bus:Director2 2024-09-30 09199574 core:CurrentFinancialInstruments 2024-09-30 09199574 core:CurrentFinancialInstruments 2023-09-30 09199574 2023-09-30 09199574 core:ShareCapital 2024-09-30 09199574 core:ShareCapital 2023-09-30 09199574 core:RetainedEarningsAccumulatedLosses 2024-09-30 09199574 core:RetainedEarningsAccumulatedLosses 2023-09-30 09199574 bus:OrdinaryShareClass1 2024-09-30 09199574 2023-10-01 2024-09-30 09199574 bus:FilletedAccounts 2023-10-01 2024-09-30 09199574 bus:SmallEntities 2023-10-01 2024-09-30 09199574 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09199574 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09199574 bus:Director1 2023-10-01 2024-09-30 09199574 bus:Director2 2023-10-01 2024-09-30 09199574 1 2023-10-01 2024-09-30 09199574 2022-10-01 2023-09-30 09199574 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09199574 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09199574 (England and Wales)

ELEVATION FILMS LIMITED
(Formerly ELEVATION PROPERTIES LIMITED)

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

ELEVATION FILMS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

ELEVATION FILMS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
ELEVATION FILMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Debtors 3 1,673,570 1,553,403
Cash at bank and in hand 13,691 2,168
1,687,261 1,555,571
Creditors: amounts falling due within one year 4 ( 1,321,384) ( 1,325,026)
Net current assets 365,877 230,545
Total assets less current liabilities 365,877 230,545
Net assets 365,877 230,545
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account 365,875 230,543
Total shareholders' funds 365,877 230,545

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

Directors' responsibilities:

The financial statements of Elevation Films Limited (registered number: 09199574) were approved and authorised for issue by the Board of Directors on 15 January 2025. They were signed on its behalf by:

R B A Swift
Director
ELEVATION FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
ELEVATION FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elevation Films Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is Long View Farm, Malthouse Lane, Upper Chute, Wiltshire, SP11 9EG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2024 2023
£ £
Other debtors 1,673,570 1,553,403

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 1,241,199 1,230,540
Accruals and deferred income 35,725 75,250
Taxation and social security 44,460 19,236
1,321,384 1,325,026

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

During the year the company advanced sums totalling £890,810 (2023: £497,506) to the director, and received funds of £901,469 (2023: £1,056,046) from the director. At the balance sheet date £1,241,199 (2023: £1,230,540) was owed to the director and is included in creditors. This loan is interest free and is repayable on demand.