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Registration number: 10110719

BTA Studios GR1 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

BTA Studios GR1 Limited

Contents

Director's Report

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 8

Detailed Profit and Loss Account

9

 

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:

P C Baker

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 director on 27 January 2025
 

.........................................
P C Baker
Director

 

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.

......................................

C W Accountancy Services (Frome) Limited
7a King Street
Frome
Somerset
BA11 1BH

27 January 2025

 

BTA Studios GR1 Limited

Profit and Loss Account for the Year Ended 30 April 2024

Note

2024
£

2023
£

Turnover

 

-

-

Cost of sales

 

(21,544)

(25,570)

Gross loss

 

(21,544)

(25,570)

Administrative expenses

 

(1,106)

(833)

Operating loss

 

(22,650)

(26,403)

Loss before tax

(22,650)

(26,403)

Loss for the financial year

 

(22,650)

(26,403)

 

BTA Studios GR1 Limited

(Registration number: 10110719)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,602

1,602

Current assets

 

Cash at bank and in hand

 

75

17

Creditors: Amounts falling due within one year

6

(56,567)

(33,859)

Net current liabilities

 

(56,492)

(33,842)

Net liabilities

 

(54,890)

(32,240)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 27 January 2025
 

.........................................
P C Baker
Director

 

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

6,000

(38,240)

(32,240)

Loss for the year

-

(22,650)

(22,650)

At 30 April 2024

6,000

(60,890)

(54,890)

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

6,000

(11,837)

(5,837)

Loss for the year

-

(26,403)

(26,403)

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 May 2023

1,602

1,602

At 30 April 2024

1,602

1,602

Amortisation

Net book value

At 30 April 2024

1,602

1,602

At 30 April 2023

1,602

1,602

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

1,770

1,770

At 30 April 2024

1,770

1,770

Depreciation

At 1 May 2023

1,770

1,770

At 30 April 2024

1,770

1,770

Net book value

At 30 April 2024

-

-

 

BTA Studios GR1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

948

753

Other creditors

55,619

33,106

56,567

33,859

7

Related party transactions

Summary of transactions with other related parties

Amount loaned from a company with common control.
 

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

27,202

27,202

Advanced

22,513

22,513

At end of period

49,715

49,715

2023

Other related parties
£

Total
£

At start of period

1,602

1,602

Advanced

25,600

25,600

At end of period

27,202

27,202

 

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