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REGISTERED NUMBER: 04741419 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FIFTY FIFTY POST PRODUCTION LIMITED

FIFTY FIFTY POST PRODUCTION LIMITED (REGISTERED NUMBER: 04741419)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FIFTY FIFTY POST PRODUCTION LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: S Pacy





REGISTERED OFFICE: 24 D'Arblay Street
London
W1F 8EH





REGISTERED NUMBER: 04741419 (England and Wales)





ACCOUNTANTS: Redfin Management Limited
111 Charterhouse Street
Farringdon
London
EC1M 6AW

FIFTY FIFTY POST PRODUCTION LIMITED (REGISTERED NUMBER: 04741419)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 357,504 608,897

CURRENT ASSETS
Debtors 452,919 420,149
Prepayments and accrued income 13,931 108,804
Cash at bank and in hand 218,825 454,220
685,675 983,173
CREDITORS
Amounts falling due within one year 729,203 692,928
NET CURRENT (LIABILITIES)/ASSETS (43,528 ) 290,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,976

899,142

CREDITORS
Amounts falling due after more than one
year

(328,903

)

(460,129

)

PROVISIONS FOR LIABILITIES (76,490 ) (129,487 )
NET (LIABILITIES)/ASSETS (91,417 ) 309,526

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 1 1
Retained earnings (91,518 ) 309,425
SHAREHOLDERS' FUNDS (91,417 ) 309,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FIFTY FIFTY POST PRODUCTION LIMITED (REGISTERED NUMBER: 04741419)

ABRIDGED BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 July 2024 and were signed by:





S Pacy - Director


FIFTY FIFTY POST PRODUCTION LIMITED (REGISTERED NUMBER: 04741419)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Fifty Fifty Post Production Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% 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.

FIFTY FIFTY POST PRODUCTION LIMITED (REGISTERED NUMBER: 04741419)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 2,370,597
Additions 22,920
Disposals (1,352,552 )
At 30 April 2024 1,040,965
DEPRECIATION
At 1 May 2023 1,761,700
Charge for year 274,313
Eliminated on disposal (1,352,552 )
At 30 April 2024 683,461
NET BOOK VALUE
At 30 April 2024 357,504
At 30 April 2023 608,897

FIFTY FIFTY POST PRODUCTION LIMITED (REGISTERED NUMBER: 04741419)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 1,276,007
Disposals (855,813 )
At 30 April 2024 420,194
DEPRECIATION
At 1 May 2023 985,950
Charge for year 109,921
Eliminated on disposal (855,813 )
At 30 April 2024 240,058
NET BOOK VALUE
At 30 April 2024 180,136
At 30 April 2023 290,057

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 347,802 375,000

The bank loans are subject to a fixed and floating charge over the assets of the company.

6. OTHER FINANCIAL COMMITMENTS

At 30 April 2024 the company had total rent commitments over the remaining life of the leases of 146,391 (2023: £530,083).

7. SHARE-BASED PAYMENT TRANSACTIONS

The company has an Employee Share Option Scheme. The options vest on sale and are based on the profitability of the business. Options over 625 shares lapsed in the year. At the year end there were options over 2,174 ordinary shares with an average exercise price of £1.50.

8. PENSION COMMITMENTS

At the year end unpaid contributions of £4,418 (2023: £5,719) were due to the pension scheme. These are included in other creditors.