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REGISTERED NUMBER: 04752656 (England and Wales)












SQUARE PRODUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SQUARE PRODUCTION LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTOR: M E Barden





SECRETARY: M E Barden





REGISTERED OFFICE: 13 Red Lion Lane
Farnham
Surrey
GU9 7QN





REGISTERED NUMBER: 04752656 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 755,873 584,697

CURRENT ASSETS
Debtors 5 861,140 594,447
Cash at bank 4,345 152,633
865,485 747,080
CREDITORS
Amounts falling due within one year 6 (365,697 ) (323,319 )
NET CURRENT ASSETS 499,788 423,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,661

1,008,458

PROVISIONS FOR LIABILITIES 8 (188,633 ) (145,167 )
NET ASSETS 1,067,028 863,291

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 1,067,027 863,290
SHAREHOLDERS' FUNDS 1,067,028 863,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)

BALANCE SHEET - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





M E Barden - Director


SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Square Production Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Production Studio - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Production Plant and and Motor
Studio machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 26,873 772,785 43,049 32,544 875,251
Additions - 206,498 22,941 34,934 264,373
At 31 May 2024 26,873 979,283 65,990 67,478 1,139,624
DEPRECIATION
At 1 June 2023 22,842 212,689 32,242 22,781 290,554
Charge for year 2,687 81,975 3,295 5,240 93,197
At 31 May 2024 25,529 294,664 35,537 28,021 383,751
NET BOOK VALUE
At 31 May 2024 1,344 684,619 30,453 39,457 755,873
At 31 May 2023 4,031 560,096 10,807 9,763 584,697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 498,534 406,976
Amounts owed by group undertakings 206,445 -
Other debtors 40,867 631
Directors' current accounts 93,266 102,321
Accrued income 7,465 77,330
Prepayments 14,563 7,189
861,140 594,447

The amounts owed by group undertakings comprises of amounts due from Square Live Limited which is the 100% parent of the company. All amounts owed are considered repayable on demand.

SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 197,586 168,057
Social security and other taxes 10,348 7,644
VAT 125,779 120,945
Other creditors 14,872 16,259
Payroll control - 154
Accrued expenses 17,112 10,260
365,697 323,319

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 162,725 25,025
Between one and five years 547,264 26,750
In more than five years - 2,250
709,989 54,025

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 188,633 145,167

Deferred
tax
£   
Balance at 1 June 2023 145,167
Provided during year 43,466
Balance at 31 May 2024 188,633

The deferred taxation provision relates to the timing difference between the recognition of depreciation in the accounts and capital allowances for taxation purposes.

SQUARE PRODUCTION LIMITED (REGISTERED NUMBER: 04752656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 863,290
Profit for the year 574,937
Dividends (371,200 )
At 31 May 2024 1,067,027

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
M E Barden
Balance outstanding at start of year 102,321 (11,215 )
Amounts advanced 272,912 394,948
Amounts repaid (281,967 ) (281,412 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,266 102,321

Subsequent to the year end, the balance has fully been repaid by 31st October 2024.

11. RELATED PARTY DISCLOSURES

From 11 November 2023, the company is now a 100% subsidiary of Square Live Limited. Square Live Limited owns premises used by the company. During the year, the company incurred rental expenses of £63,635 (2023: NIL) and ground rent of £8,000 (2023: NIL), all of which has been offset against the intercompany balance.
The company declared dividends of £371,200 of which £102,800 is payable to Square Live Limited. At the date of the balance sheet, Square Live Limited owed the company £206,445 (2023: NIL). M Barden owns all ordinary shares in Square Live Limited and is the sole director.