Tiny Whisper Productions Limited 06811303 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is services to the film and television industry Digita Accounts Production Advanced 6.30.9574.0 true true 06811303 2023-03-01 2024-02-29 06811303 2024-02-29 06811303 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-02-29 06811303 core:CurrentFinancialInstruments 2024-02-29 06811303 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 06811303 core:FurnitureFittingsToolsEquipment 2024-02-29 06811303 core:LandBuildings 2024-02-29 06811303 core:MotorVehicles 2024-02-29 06811303 bus:SmallEntities 2023-03-01 2024-02-29 06811303 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06811303 bus:FilletedAccounts 2023-03-01 2024-02-29 06811303 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06811303 bus:RegisteredOffice 2023-03-01 2024-02-29 06811303 bus:Director1 2023-03-01 2024-02-29 06811303 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06811303 core:FurnitureFittings 2023-03-01 2024-02-29 06811303 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 06811303 core:LandBuildings 2023-03-01 2024-02-29 06811303 core:LeaseholdImprovements 2023-03-01 2024-02-29 06811303 core:MotorCars 2023-03-01 2024-02-29 06811303 core:MotorVehicles 2023-03-01 2024-02-29 06811303 countries:EnglandWales 2023-03-01 2024-02-29 06811303 2023-02-28 06811303 core:FurnitureFittingsToolsEquipment 2023-02-28 06811303 core:LandBuildings 2023-02-28 06811303 core:MotorVehicles 2023-02-28 06811303 2022-03-01 2023-02-28 06811303 2023-02-28 06811303 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-02-28 06811303 core:CurrentFinancialInstruments 2023-02-28 06811303 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 06811303 core:FurnitureFittingsToolsEquipment 2023-02-28 06811303 core:LandBuildings 2023-02-28 06811303 core:MotorVehicles 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 06811303

Tiny Whisper Productions Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Tiny Whisper Productions Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Tiny Whisper Productions Limited

Company Information

Director

N L Park

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Tiny Whisper Productions Limited

Statement of Financial Position as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

180,706

190,421

Other financial assets

5

356,646

326,903

 

537,352

517,324

Current assets

 

Debtors

6

228,571

419,540

Cash at bank and in hand

 

281,327

254,814

 

509,898

674,354

Creditors: Amounts falling due within one year

7

(90,670)

(184,340)

Net current assets

 

419,228

490,014

Net assets

 

956,580

1,007,338

Capital and reserves

 

Called up share capital

100

100

Retained earnings

956,480

1,007,238

Shareholders' funds

 

956,580

1,007,338

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges her 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered 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.

 

Tiny Whisper Productions Limited

Statement of Financial Position as at 29 February 2024

Approved and authorised by the director on 25 February 2025

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

N L Park

Director

Company registration number: 06811303

 

Tiny Whisper Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 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:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of services to the film and television industry.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' 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 profit for the year ended 29 February 2024 and had net assets of £956,580 at that date including cash at bank of £281,327.

The director has considered the current economic conditions and believes the company is well placed to deal with them. Turnover from royalties of past productions has allowed the company to continue to trade profitably.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue from services based upon the stage of contractual completion. Royalty income is recognised in the period in which it is earned.

 

Tiny Whisper Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference,

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings

2% straight line

Furniture, fittings and equipment

25% straight line

Motor vehicles

20% straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

 

Tiny Whisper Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Tangible assets

Freehold land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

220,027

35,695

24,997

280,719

Additions

-

283

-

283

At 29 February 2024

220,027

35,978

24,997

281,002

Depreciation

At 1 March 2023

42,245

33,055

14,998

90,298

Charge for the year

3,520

1,478

5,000

9,998

At 29 February 2024

45,765

34,533

19,998

100,296

Carrying amount

At 29 February 2024

174,262

1,445

4,999

180,706

At 28 February 2023

177,782

2,640

9,999

190,421

 

Tiny Whisper Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Other financial assets

Financial assets at fair value through profit and loss
£

Non-current financial assets

Cost or valuation

At 1 March 2023

326,903

Fair value adjustments

16,637

Additions

144,253

Disposals

(131,147)

At 29 February 2024

356,646

Carrying amount

At 29 February 2024

356,646

At 28 February 2023

326,903

6

Debtors

2024
£

2023
£

Trade debtors

12,781

121,838

Other debtors

215,790

297,702

228,571

419,540

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

1,920

1,446

Taxation and social security

65,614

156,228

Accruals and deferred income

22,611

22,163

Other creditors

525

4,503

90,670

184,340

 

Tiny Whisper Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Transactions with Directors

At 29 February 2024 an amount of £143,630 (2023 - £220,684) was due from the director. During the year there were advances of £136,479 and repayments of £223,971. Interest of £5,991 (2023 - £6,250) has been charged at 2% p.a. to 5 April 2023 and at £2.25% p.a. thereafter. There are no set terms in place.

9

Profit and loss reserve

The profit and loss account includes all current and prior year retained earnings and accumulated losses. Of the amount standing to the credit of the profit and loss account an amount of £18,749 (2023 - £15,412) is not distributable in accordance with the Companies Act 2006.