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COMPANY REGISTRATION NUMBER: 10144167
Memories Productions Limited
Filleted Unaudited Accounts
30 June 2024
Memories Productions Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Current assets
Debtors
4
100
76,919
Cash at bank and in hand
68,004
130,500
--------
---------
68,104
207,419
Creditors: amounts falling due within one year
5
68,004
207,319
--------
---------
Net current assets
100
100
----
----
Total assets less current liabilities
100
100
----
----
Net assets
100
100
----
----
Capital and reserves
Called up share capital
6
100
100
----
----
Shareholders funds
100
100
----
----
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
R Gagern
Director
Company registration number: 10144167
Memories Productions Limited
Notes to the Accounts
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, United Kingdom.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue Recognition" below.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover relates to the production of the television series entitled "Thanks for the Memories". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings
53,193
Prepayments and accrued income
23,626
Other debtors
100
100
----
--------
100
76,919
----
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
67,764
Accruals and deferred income
240
207,319
--------
---------
68,004
207,319
--------
---------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Related party transactions
The company was under the control of Gate Television Productions Limited throughout the period. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
8. Controlling party
In the opinion of the directors the controlling party throughout the period was Mr R V Gagern. In the opinion of the directors the immediate parent undertaking is Gate Television Production Limited, a company incorporated in England and Wales. The ultimate parent undertaking is Gagern Television and Film Produktion GMBH, a company incorporated in Germany.