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REGISTERED NUMBER: 06245930 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Adamantine Pictures Limited

Adamantine Pictures Limited (Registered number: 06245930)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Adamantine Pictures Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: Mr C J Bunyan





REGISTERED OFFICE: Pacioli House
9 Brookfield, Duncan Close
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 06245930 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Adamantine Pictures Limited (Registered number: 06245930)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,455 2,216

CURRENT ASSETS
Debtors 5 16,184 36,040
Cash at bank 8,407 13,887
24,591 49,927
CREDITORS
Amounts falling due within one year 6 17,211 22,750
NET CURRENT ASSETS 7,380 27,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,835

29,393

CREDITORS
Amounts falling due after more than one
year

7

8,667

16,668
NET ASSETS 168 12,725

CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium 99 99
Retained earnings 68 12,625
SHAREHOLDERS' FUNDS 168 12,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Adamantine Pictures Limited (Registered number: 06245930)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr C J Bunyan - Director


Adamantine Pictures Limited (Registered number: 06245930)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Adamantine Pictures Limited is a private company, limited by shares, incorporated and domiciled in England. The company's registered number and registered office address can be found on the Company Information Page.

The principal place of business is 33 Haslingden Close, Harpenden, Hertfordshire, England, AL5 3EW.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards. including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the end of May each year.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is made up of services rendered to various clients in production and location management for film and television, and income is recognised on completion of this service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Adamantine Pictures Limited (Registered number: 06245930)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate 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 undiscounted cost less impairment losses for bad and doubtful debts.

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 undiscounted cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 9,288 6,865 16,153
Additions 108 58 166
At 31 May 2024 9,396 6,923 16,319
DEPRECIATION
At 1 June 2023 9,188 4,749 13,937
Charge for year 109 818 927
At 31 May 2024 9,297 5,567 14,864
NET BOOK VALUE
At 31 May 2024 99 1,356 1,455
At 31 May 2023 100 2,116 2,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,944
Other debtors 16,184 31,096
16,184 36,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 160
Taxation and social security 7,280 12,801
Other creditors 9,931 9,789
17,211 22,750

Adamantine Pictures Limited (Registered number: 06245930)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 8,667 16,668

8. FINANCIAL RISK MANAGEMENT

The company has no significant exposure to credit, liquidity and cash flow interest rate risks. Those risks it does face are managed by the company's financial management policies and practices described below.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities. The only significant non-derivative financial liability remaining at the reporting date is the overdraft facility.

Market risk
There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the market.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date a total of £14,751 (2023 - £29,664) was owed to the company by persons with significant control, this balance was repaid on 30th June, 2024.