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REGISTERED NUMBER: 13786948 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Kipey Productions Limited

Kipey Productions Limited (Registered number: 13786948)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kipey Productions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr K Brown





REGISTERED OFFICE: Nelson House
13 Mundesley Road
North Walsham
Norfolk
NR28 0DA





REGISTERED NUMBER: 13786948 (England and Wales)





ACCOUNTANTS: H&M Accountancy Solutions
Nelson House
13 Mundesley Road
North Walsham
Norfolk
NR28 0DA

Kipey Productions Limited (Registered number: 13786948)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,000
Tangible assets 5 3,245 4,326
11,245 13,326

CURRENT ASSETS
Debtors 6 3,059 1,112
Cash at bank 104,236 47,782
107,295 48,894
CREDITORS
Amounts falling due within one year 7 27,224 15,732
NET CURRENT ASSETS 80,071 33,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,316

46,488

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 91,315 46,487
SHAREHOLDERS' FUNDS 91,316 46,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Kipey Productions Limited (Registered number: 13786948)

Balance Sheet - continued
31 December 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 20 February 2025 and were signed by:





Mr K Brown - Director


Kipey Productions Limited (Registered number: 13786948)

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

1. STATUTORY INFORMATION

Kipey 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Kipey Productions Limited (Registered number: 13786948)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024 1,000
Amortisation for year 1,000
At 31 December 2024 2,000
NET BOOK VALUE
At 31 December 2024 8,000
At 31 December 2023 9,000

Amortisation - Over 10 years

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 200 5,378 5,578
DEPRECIATION
At 1 January 2024 25 1,227 1,252
Charge for year 44 1,037 1,081
At 31 December 2024 69 2,264 2,333
NET BOOK VALUE
At 31 December 2024 131 3,114 3,245
At 31 December 2023 175 4,151 4,326

Depreciation: 25% reducing balance

Kipey Productions Limited (Registered number: 13786948)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 3,059 -
VAT - 1,112
3,059 1,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 21,836 13,633
VAT 1,682 -
Directors' current accounts 1,971 984
Accrued expenses 1,735 1,115
27,224 15,732

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary 1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 31.12.23
£    £   
Mr K Brown
Balance outstanding at start of year 984 10,072
Amounts advanced 2,427 3,370
Amounts repaid (1,440 ) (12,458 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,971 984