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REGISTERED NUMBER: 09486563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mighty Productions Limited

Mighty Productions Limited (Registered number: 09486563)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mighty Productions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H J Rycroft
L M Sutcliffe
D A Mortimer





REGISTERED OFFICE: Somerset House
The Strand
London
WC2R 1LA





REGISTERED NUMBER: 09486563 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Mighty Productions Limited (Registered number: 09486563)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,365 3,963

CURRENT ASSETS
Debtors 5 37,035 64,173
Cash at bank and in hand 31,375 144,640
68,410 208,813
CREDITORS
Amounts falling due within one year 6 68,103 203,549
NET CURRENT ASSETS 307 5,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,672

9,227

CAPITAL AND RESERVES
Called up share capital 166 133
Share premium 7 1,919,908 1,574,942
Retained earnings 7 (1,917,402 ) (1,565,848 )
SHAREHOLDERS' FUNDS 2,672 9,227

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

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

The directors acknowledge their 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.

Mighty Productions Limited (Registered number: 09486563)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





L M Sutcliffe - Director


Mighty Productions Limited (Registered number: 09486563)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mighty Productions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Distribution and music publishing revenue is recognised on a receipts basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Fixtures and fittings etc - 33% on cost
Computer equipment - 33% 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.

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.

Mighty Productions Limited (Registered number: 09486563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 19,935 4,786 24,721
DEPRECIATION
At 1 April 2023 19,935 823 20,758
Charge for year - 1,598 1,598
At 31 March 2024 19,935 2,421 22,356
NET BOOK VALUE
At 31 March 2024 - 2,365 2,365
At 31 March 2023 - 3,963 3,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,664 6,630
Other debtors 11,134 9,581
VAT - 30,195
Prepayments 21,237 17,767
37,035 64,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 21,317 19,215
Social security and other taxes 11,289 13,595
VAT 19,176 -
Other creditors 1,361 1,704
Deferred income 12,000 165,635
Accrued expenses 2,960 3,400
68,103 203,549

Mighty Productions Limited (Registered number: 09486563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (1,565,848 ) 1,574,942 9,094
Deficit for the year (351,554 ) (351,554 )
Bonus share issue - 344,966 344,966
At 31 March 2024 (1,917,402 ) 1,919,908 2,506