COMPANY REGISTRATION NUMBER:
12940546
Filleted Unaudited Accounts |
|
Statement of Financial Position |
|
30 June 2024
Current assets
Debtors |
5 |
1 |
1,275 |
Cash at bank and in hand |
84,018 |
85,118 |
|
-------- |
-------- |
|
84,019 |
86,393 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
84,018) |
(
86,392) |
|
-------- |
-------- |
Net current assets |
1 |
1 |
|
---- |
---- |
Total assets less current liabilities |
1 |
1 |
|
---- |
---- |
Net assets |
1 |
1 |
|
---- |
---- |
|
|
|
|
Capital and reserves
Called up share capital |
1 |
1 |
|
---- |
---- |
Shareholders funds |
1 |
1 |
|
---- |
---- |
|
|
|
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 comprehensive income 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
28 March 2025
, and are signed on behalf of the board by:
Company registration number:
12940546
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, 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.
Comparatives
The accounts cover the year from 1 July 2023 to 30 June 2024. The comparatives cover the period from 1 September 2022 to 30 June 2023, hence the figures are not entirely comparable.
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.
Judgements and key sources of estimation uncertainty
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 production, as noted in "Revenue recognition" below.
Revenue recognition
Turnover relates to the production of the film entitled "Men". 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Intra-group borrowings are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4.
Employees
The company has been incorporated to produce a film entitled "Men". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the directors received remuneration.
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
VAT recoverable |
– |
607 |
Other debtors |
1 |
668 |
|
---- |
------- |
|
1 |
1,275 |
|
---- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Accruals and deferred income |
– |
86,392 |
Other creditors |
84,018 |
– |
|
-------- |
-------- |
|
84,018 |
86,392 |
|
-------- |
-------- |
|
|
|
7.
Contingencies
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Film Finances, Inc Men Film Rights Llc Comerica Bank
8.
Controlling party
In the opinion of the directors the parent undertaking and controlling party is
Dna Films Limited
, incorporated in England and Wales.