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Registered number: 10192454









ORIGINAL SPRINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
ORIGINAL SPRINGS LIMITED
REGISTERED NUMBER: 10192454

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

  

Current assets
  

Stocks
 4 
101,026
101,026

Cash at bank and in hand
 5 
27,301
29,903

  
128,327
130,929

Creditors: amounts falling due within one year
 6 
(600)
(2,400)

Net current assets
  
 
 
127,727
 
 
128,529

Total assets less current liabilities
  
127,727
128,529

  

Net assets
  
127,727
128,529


Capital and reserves
  

Called up share capital 
  
42
42

Share premium account
  
137,486
137,486

Profit and loss account
  
(9,801)
(8,999)

  
127,727
128,529


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


W Stoppard
Director

Date: 14 March 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
ORIGINAL SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Original Springs Limited is a private company limited by shares and registered in England and Wales. The address of the registered office is Regina House, 124 Finchley Road, London, NW3 5JS and the principle place of business address is 5 Shillibeer Place, London, W1H 4DR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Stocks

Stocks comprise film development costs, which are recorded as a current asset. Film development costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty on notice of not more than 24 hours.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.5

Creditors

Short term creditors are measured at the transaction price, less any impairment. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Stocks

2024
2023
£
£

Film development costs
101,026
101,026

101,026
101,026


Page 2

 
ORIGINAL SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
27,301
29,903

27,301
29,903



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
600
2,400

600
2,400



7.


Controlling party

Throughout the year, the company was under the control of the directors by virtue of their shareholding.

 
Page 3