December Films Limited
Unaudited Financial Statements
For the period ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 14911860 (England and Wales)
December Films Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
December Films Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
Notes
£
£
Current assets
Debtors
3
10,900
Cash at bank and in hand
6,010
16,910
Creditors: amounts falling due within one year
4
(35,577)
Net current liabilities
(18,667)
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
(18,767)
Total equity
(18,667)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
T Berger
Director
Company Registration No. 14911860
December Films Limited
Notes to the Financial Statements
For the period ended 30 June 2024
Page 2
1
Accounting policies
Company information

December Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Reporting period

The financial statements cover the 12 month and 28 day period from incorporation to the first statutory period end of 30 June 2024. This aligns the reporting period with the company's chosen year-end date.

1.2
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

December Films Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
1
Accounting policies
(Continued)
Page 3
1.8
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
10,810
Other debtors
90
10,900
4
Creditors: amounts falling due within one year
2024
£
Trade creditors
2,000
Taxation and social security
27
Other creditors
29,550
Accruals and deferred income
4,000
35,577
December Films Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
Page 4
5
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100

Upon incorporation, the company issued 100 ordinary shares with a nominal value of £1 each.

6
Related party transactions

As at the balance sheet date, the company owed £24,563 to Banditos Yanquis Inc, a related party by nature of common ownership.

 

As at the balance sheet date, the company owed £4,987 to December Films Inc, a related party by nature of common ownership.

 

During the period the company made sales of £40,800 to December Films Inc, a related party by nature of common ownership.

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