Silverfin false false 30/04/2024 01/05/2023 30/04/2024 D J Barron 14/04/2022 M B Nakan 14/04/2022 M A H Rausing 27/10/2022 21 January 2025 The principal activity of the company during the financial year was television programme production activities. 14047305 2024-04-30 14047305 bus:Director1 2024-04-30 14047305 bus:Director2 2024-04-30 14047305 bus:Director3 2024-04-30 14047305 2023-04-30 14047305 core:CurrentFinancialInstruments 2024-04-30 14047305 core:CurrentFinancialInstruments 2023-04-30 14047305 core:ShareCapital 2024-04-30 14047305 core:ShareCapital 2023-04-30 14047305 core:SharePremium 2024-04-30 14047305 core:SharePremium 2023-04-30 14047305 core:RetainedEarningsAccumulatedLosses 2024-04-30 14047305 core:RetainedEarningsAccumulatedLosses 2023-04-30 14047305 core:OtherResidualIntangibleAssets 2023-04-30 14047305 core:OtherResidualIntangibleAssets 2024-04-30 14047305 core:OfficeEquipment 2023-04-30 14047305 core:OfficeEquipment 2024-04-30 14047305 core:CostValuation 2023-04-30 14047305 core:CostValuation 2024-04-30 14047305 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-04-30 14047305 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-04-30 14047305 bus:OrdinaryShareClass1 2024-04-30 14047305 2023-05-01 2024-04-30 14047305 bus:FilletedAccounts 2023-05-01 2024-04-30 14047305 bus:SmallEntities 2023-05-01 2024-04-30 14047305 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14047305 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14047305 bus:Director1 2023-05-01 2024-04-30 14047305 bus:Director2 2023-05-01 2024-04-30 14047305 bus:Director3 2023-05-01 2024-04-30 14047305 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-05-01 2024-04-30 14047305 core:OfficeEquipment core:TopRangeValue 2023-05-01 2024-04-30 14047305 2022-04-14 2023-04-30 14047305 core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 14047305 core:OfficeEquipment 2023-05-01 2024-04-30 14047305 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 14047305 bus:OrdinaryShareClass1 2022-04-14 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14047305 (England and Wales)

ENVISION ENT LTD

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

ENVISION ENT LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ENVISION ENT LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
ENVISION ENT LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 30.04.2024 30.04.2023
£ £
Fixed assets
Intangible assets 3 202,110 90,455
Tangible assets 4 301 548
Investments 5 40,000 40,000
242,411 131,003
Current assets
Debtors 6 9,339 9,904
Cash at bank and in hand 7 144,893 436,536
154,232 446,440
Creditors: amounts falling due within one year 8 ( 69,771) ( 16,664)
Net current assets 84,461 429,776
Total assets less current liabilities 326,872 560,779
Net assets 326,872 560,779
Capital and reserves
Called-up share capital 9 116 116
Share premium account 758,896 758,896
Profit and loss account ( 432,140 ) ( 198,233 )
Total shareholders' funds 326,872 560,779

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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Envision Ent Ltd (registered number: 14047305) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M B Nakan
Director

21 January 2025

ENVISION ENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ENVISION ENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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 period, unless otherwise stated.

General information and basis of accounting

Envision Ent Ltd (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 35 Ballards Lane, London, N3 1XW, United Kingdom.

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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
30.04.2024
Period from
14.04.2022 to
30.04.2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 May 2023 90,455 90,455
Additions 142,175 142,175
At 30 April 2024 232,630 232,630
Accumulated amortisation
At 01 May 2023 0 0
Charge for the financial year 30,520 30,520
At 30 April 2024 30,520 30,520
Net book value
At 30 April 2024 202,110 202,110
At 30 April 2023 90,455 90,455

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 May 2023 742 742
At 30 April 2024 742 742
Accumulated depreciation
At 01 May 2023 194 194
Charge for the financial year 247 247
At 30 April 2024 441 441
Net book value
At 30 April 2024 301 301
At 30 April 2023 548 548

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 40,000 40,000
At 30 April 2024 40,000 40,000
Carrying value at 30 April 2024 40,000 40,000
Carrying value at 30 April 2023 40,000 40,000

6. Debtors

30.04.2024 30.04.2023
£ £
Amounts owed by connected companies 2,636 ( 304)
Other debtors 6,703 10,208
9,339 9,904

7. Cash and cash equivalents

30.04.2024 30.04.2023
£ £
Cash at bank and in hand 144,893 436,536

8. Creditors: amounts falling due within one year

30.04.2024 30.04.2023
£ £
Trade creditors 17,743 15,868
Other creditors 52,028 796
69,771 16,664

9. Called-up share capital

30.04.2024 30.04.2023
£ £
Allotted, called-up and fully-paid
11,568 Ordinary shares of £ 0.01 each 116 116

10. Related party transactions

Transactions with the entity's directors

30.04.2024 30.04.2023
£ £
Other creditors 3,704 274

Included within other creditors is the above balance owed to the directors. The balance is secured and interest free with no fixed repayment terms.