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Registration number: 14811671

Off Piste Creative Development Limited

Unaudited Financial Statements

for the Period from 18 April 2023 to 30 April 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Off Piste Creative Development Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Off Piste Creative Development Limited

Company Information

Directors

J S Gilbey

T Hanby

W M A Gilbey

Registered office

Brebners
2nd Floor
130 Shaftesbury Avenue
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Off Piste Creative Development Limited

Statement of Financial Position as at 30 April 2024

Note

2024
£

Current assets

 

Stocks

4

41,000

Debtors

5

5,290

Cash at bank and in hand

 

20,844

 

67,134

Creditors: Amounts falling due within one year

6

(3,600)

Net assets

 

63,534

Capital and reserves

 

Called up share capital

412

Share premium reserve

74,888

Retained earnings

(11,766)

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:

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

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 Board on 18 February 2025 and signed on its behalf by:
 

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

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

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:
Brebners
2nd Floor
130 Shaftesbury Avenue
London
W1D 5EU

The principal activity of the company is that of the production of motion pictures.

2

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.

3

Staff numbers

The average number of persons employed by the company during the period, was 3.

4

Stocks

2024
£

Work in progress

41,000

5

Debtors

2024
£

Other debtors

5,290

5,290

6

Creditors

Creditors: amounts falling due within one year

2024
£

Accruals and deferred income

3,600

7

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.