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Registered number: 02122477
Exile Productions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
RWCA LTD
158 Upper Newtownards Road
Belfast
Co Antrim
BT4 3EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02122477
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,189 85,534
Investments 5 3 3
68,192 85,537
CURRENT ASSETS
Debtors 6 943,363 1,500,380
Cash at bank and in hand 16,992,730 8,403,837
17,936,093 9,904,217
Creditors: Amounts Falling Due Within One Year 7 (7,596,686 ) (485,844 )
NET CURRENT ASSETS (LIABILITIES) 10,339,407 9,418,373
TOTAL ASSETS LESS CURRENT LIABILITIES 10,407,599 9,503,910
NET ASSETS 10,407,599 9,503,910
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 10,407,499 9,503,810
SHAREHOLDERS' FUNDS 10,407,599 9,503,910
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ivan Morrison
Director
04/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Exile Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02122477 . The registered office is 88/90 Baker Street, London, W1U 6TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 56,440 964,492 67,362 1,088,294
Additions - 5,882 1,641 7,523
As at 30 April 2024 56,440 970,374 69,003 1,095,817
Depreciation
As at 1 May 2023 53,252 885,140 64,368 1,002,760
Provided during the period 3,188 17,047 4,633 24,868
As at 30 April 2024 56,440 902,187 69,001 1,027,628
Net Book Value
As at 30 April 2024 - 68,187 2 68,189
As at 1 May 2023 3,188 79,352 2,994 85,534
5. Investments
Unlisted
£
Cost
As at 1 May 2023 3
As at 30 April 2024 3
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 3
As at 1 May 2023 3
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 354,186 121,068
Prepayments and accrued income 589,177 569,829
Record company reserves - 79,088
Director's loan account - 730,395
943,363 1,500,380
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,086 106,992
Corporation tax 184,719 217,101
Other taxes and social security 1,989 -
VAT 43,848 42,008
Other creditors 4,986 37,243
Accruals and deferred income 617,986 82,500
Director's loan account 6,687,072 -
7,596,686 485,844
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5