Registration number:
Off Piste Creative Development Limited
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Off Piste Creative Development Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Off Piste Creative Development Limited
Company Information
Directors |
J S Gilbey T Hanby W M A Gilbey |
Registered office |
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Accountants |
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Off Piste Creative Development Limited
Statement of Financial Position as at 30 April 2024
Note |
2024 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
412 |
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Share premium reserve |
74,888 |
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Retained earnings |
(11,766) |
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Shareholders' funds |
63,534 |
For the financial period 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:
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The directors acknowledge their 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 provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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T Hanby
Director
Company registration number: 14811671
Off Piste Creative Development Limited
Notes to the Unaudited Financial Statements for the Period from 18 April 2023 to 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:
The principal activity of the company is that of the production of motion pictures.
Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
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.
Going concern
The company made a loss for the period ended 30 April 2024 but had net assets of £63,534 at that date including cash at bank of £20,844. The company holds option rights over a number of productions and has few fixed overheads.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
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.
Stocks
Stocks comprises the costs of acquiring or developing rights to feature films. Stock is written off to profit or loss as programs are recouped or sold. Where stock is impaired, the carrying amount is reduced to realisable value, with impaired loss recognised immediately on profit or loss.
Off Piste Creative Development Limited
Notes to the Unaudited Financial Statements for the Period from 18 April 2023 to 30 April 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company during the period, was
Stocks |
2024 |
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Work in progress |
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Debtors |
2024 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2024 |
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Accruals and deferred income |
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Transactions with directors |
At 30 April 2024 an amount of £290 was due from the directors. There were advances of £22,115 and repayments of £27,125 during the period. No interest is payable to the company and there are no set terms in place.