Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falsetrue2023-03-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14228700 2023-03-01 2024-02-29 14228700 2022-07-12 2023-02-28 14228700 2024-02-29 14228700 2023-02-28 14228700 c:Director1 2023-03-01 2024-02-29 14228700 d:CurrentFinancialInstruments 2024-02-29 14228700 d:CurrentFinancialInstruments 2023-02-28 14228700 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 14228700 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 14228700 d:ShareCapital 2024-02-29 14228700 d:ShareCapital 2023-02-28 14228700 d:RetainedEarningsAccumulatedLosses 2024-02-29 14228700 d:RetainedEarningsAccumulatedLosses 2023-02-28 14228700 c:OrdinaryShareClass1 2023-03-01 2024-02-29 14228700 c:OrdinaryShareClass1 2024-02-29 14228700 c:FRS102 2023-03-01 2024-02-29 14228700 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 14228700 c:FullAccounts 2023-03-01 2024-02-29 14228700 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 14228700 2 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14228700














HEART MOVIES LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
HEART MOVIES LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
HEART MOVIES LTD
REGISTERED NUMBER:14228700

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
-
1,694,043

Debtors: amounts falling due within one year
 5 
72,325
386,129

Cash at bank and in hand
 6 
3,966
12,171

  
76,291
2,092,343

Creditors: amounts falling due within one year
 7 
(163,811)
(1,763,354)

Net current (liabilities)/assets
  
 
 
(87,520)
 
 
328,989

Total assets less current liabilities
  
(87,520)
328,989

  

Net (liabilities)/assets
  
(87,520)
328,989


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(87,521)
328,988

  
(87,520)
328,989


1

 
HEART MOVIES LTD
REGISTERED NUMBER:14228700
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers 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 director acknowledges his 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 profit and loss account 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 by: 




S Nagappan
Director

Date: 18 December 2024

The notes on pages 3 to 5 form part of these financial statements.

2

 
HEART MOVIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Heart Movies Ltd is a private company, limited by shares, registered in England and Wales, registration number 14228700. The registered office address is Flat 17, Reverence House 8 Lismore Boulevard, Colindale, London, NW9 4DD. 

The principal activity of the company is that of motion picture production activities.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.
 
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from motion picture production activities is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover from motion picture production activities is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company is eligible to claim a tax credit on film production costs. The tax credit comprises
relief based on total net costs and an additional deduction for enhanceable expenditure. The
company claims a payment based on the amount of enhanced expenditure and carries losses
arising from total net costs forward against future profits.

 
2.6

Stocks

Work in progress represents the cost of producing the film. Production costs are amortised to the Profit and loss account over the period in which the rights to the relevant film is being exploited by the company.

 
2.7

Debtors

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

3

 
HEART MOVIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).


4.


Stocks

29 February
28 February
2024
2023
£
£

Film production costs
-
1,694,043



5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
72,325
386,129



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
3,966
12,171


4

 
HEART MOVIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other loans
135,000
-

Trade creditors
23,243
255,212

Accruals and deferred income
5,568
1,508,142

163,811
1,763,354



8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


 
5