Registration number:
BTA Studios GR1 Limited
for the Year Ended 30 April 2024
BTA Studios GR1 Limited
Contents
Director's Report |
|
Accountants' Report |
|
Profit and Loss Account |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Unaudited Financial Statements |
|
Detailed Profit and Loss Account |
BTA Studios GR1 Limited
Director's Report for the Year Ended 30 April 2024
The director presents her report and the financial statements for the year ended 30 April 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is was that of motion picture production activities.
Going concern
Although the company is technically insolvent, it is in the director's opinion the company is still a going concern and is continuing to trade. The director will continue to support the company financially.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of BTA Studios GR1 Limited
for the Year Ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BTA Studios GR1 Limited for the year ended 30 April 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BTA Studios GR1 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BTA Studios GR1 Limited and state those matters that we have agreed to state to the Board of Directors of BTA Studios GR1 Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BTA Studios GR1 Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BTA Studios GR1 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BTA Studios GR1 Limited. You consider that BTA Studios GR1 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BTA Studios GR1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Frome
Somerset
BA11 1BH
BTA Studios GR1 Limited
Profit and Loss Account for the Year Ended 30 April 2024
Note |
2024 |
2023 |
|
Turnover |
- |
- |
|
Cost of sales |
( |
( |
|
Gross loss |
( |
( |
|
Administrative expenses |
( |
( |
|
Operating loss |
(22,650) |
(26,403) |
|
Loss before tax |
( |
( |
|
Loss for the financial year |
( |
( |
BTA Studios GR1 Limited
(Registration number: 10110719)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
6,000 |
6,000 |
|
Retained earnings |
(60,890) |
(38,240) |
|
Shareholders' deficit |
(54,890) |
(32,240) |
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.
Director's responsibilities:
• |
|
• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
BTA Studios GR1 Limited
Statement of Changes in Equity for the Year Ended 30 April 2024
Share capital |
Retained earnings |
Total |
|
At 1 May 2023 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 30 April 2024 |
|
( |
( |
Share capital |
Retained earnings |
Total |
|
At 1 May 2022 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 30 April 2023 |
6,000 |
(38,240) |
(32,240) |
BTA Studios GR1 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures, fittings and equipment |
20% on cost |
Amortisation
Amortisation will begin once the developed service comes into use.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
BTA Studios GR1 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Other intangible assets |
Total |
|
Cost or valuation |
||
At 1 May 2023 |
|
|
At 30 April 2024 |
|
|
Amortisation |
||
Net book value |
||
At 30 April 2024 |
|
|
At 30 April 2023 |
|
|
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
At 1 May 2023 |
|
|
At 30 April 2024 |
|
|
Depreciation |
||
At 1 May 2023 |
|
|
At 30 April 2024 |
|
|
Net book value |
||
At 30 April 2024 |
- |
- |
BTA Studios GR1 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Creditors |
Amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|
Related party transactions |
Summary of transactions with other related parties
Loans from related parties
2024 |
Other related parties |
Total |
At start of period |
|
|
Advanced |
|
|
At end of period |
|
|
|
2023 |
Other related parties |
Total |
At start of period |
|
|
Advanced |
|
|
At end of period |
|
|
|
BTA Studios GR1 Limited
Detailed Profit and Loss Account for the Year Ended 30 April 2024
2024 |
2023 |
Cost of sales |
||
Development costs |
21,544 |
25,570 |
General administrative expenses |
||
Accountancy fees |
1,090 |
753 |
Finance charges |
||
Bank charges |
16 |
80 |