IRIS Accounts Production v25.1.0.734 13007147 director 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130071472023-11-30130071472024-11-30130071472023-12-012024-11-30130071472022-11-30130071472022-12-012023-11-30130071472023-11-3013007147ns15:EnglandWales2023-12-012024-11-3013007147ns14:PoundSterling2023-12-012024-11-3013007147ns10:Director12023-12-012024-11-3013007147ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3013007147ns10:SmallEntities2023-12-012024-11-3013007147ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3013007147ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3013007147ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3013007147ns10:FullAccounts2023-12-012024-11-3013007147ns10:OrdinaryShareClass12023-12-012024-11-3013007147ns5:CurrentFinancialInstruments2024-11-3013007147ns5:CurrentFinancialInstruments2023-11-3013007147ns5:ShareCapital2024-11-3013007147ns5:ShareCapital2023-11-3013007147ns5:RetainedEarningsAccumulatedLosses2024-11-3013007147ns5:RetainedEarningsAccumulatedLosses2023-11-3013007147ns10:RegisteredOffice2023-12-012024-11-3013007147ns5:FurnitureFittings2023-11-3013007147ns5:MotorVehicles2023-11-3013007147ns5:ComputerEquipment2023-11-3013007147ns5:FurnitureFittings2023-12-012024-11-3013007147ns5:MotorVehicles2023-12-012024-11-3013007147ns5:ComputerEquipment2023-12-012024-11-3013007147ns5:FurnitureFittings2024-11-3013007147ns5:MotorVehicles2024-11-3013007147ns5:ComputerEquipment2024-11-3013007147ns5:FurnitureFittings2023-11-3013007147ns5:MotorVehicles2023-11-3013007147ns5:ComputerEquipment2023-11-3013007147ns5:CostValuation2023-11-3013007147ns5:AdditionsToInvestments2024-11-3013007147ns5:RevaluationsIncreaseDecreaseInInvestments2024-11-3013007147ns5:CostValuation2024-11-3013007147ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3013007147ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3013007147ns10:OrdinaryShareClass12024-11-30130071471ns10:Director12023-11-30130071471ns10:Director12022-11-30130071471ns10:Director12023-12-012024-11-30130071471ns10:Director12022-12-012023-11-30130071471ns10:Director12024-11-30130071471ns10:Director12023-11-30
REGISTERED NUMBER: 13007147 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Orange Heart Productions Ltd

Orange Heart Productions Ltd (Registered number: 13007147)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Orange Heart Productions Ltd (Registered number: 13007147)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,699 28,731
Investments 5 1,100,070 546,228
1,106,769 574,959

CURRENT ASSETS
Debtors 6 176,756 858,389
Cash at bank and in hand 228,626 702,758
405,382 1,561,147
CREDITORS
Amounts falling due within one year 7 99,255 416,690
NET CURRENT ASSETS 306,127 1,144,457
TOTAL ASSETS LESS CURRENT LIABILITIES 1,412,896 1,719,416

PROVISIONS FOR LIABILITIES 63,924 9,721
NET ASSETS 1,348,972 1,709,695

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,348,971 1,709,694
SHAREHOLDERS' FUNDS 1,348,972 1,709,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Orange Heart Productions Ltd (Registered number: 13007147)

Balance Sheet - continued
30 November 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 14 April 2025 and were signed by:





J Yee NG - Director


Orange Heart Productions Ltd (Registered number: 13007147)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Orange Heart Productions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13007147

Registered office: 2nd Floor, National House
60-66 Wardour Street
London
W1F 0TA

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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered .

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

Plant and machinery - 33% straight line
Motor vehicles - 33% straight line

Orange Heart Productions Ltd (Registered number: 13007147)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

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.

Orange Heart Productions Ltd (Registered number: 13007147)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments are measured at the current market value.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 20,763 57,490 13,317 91,570
Additions - - 3,416 3,416
Disposals (70 ) - - (70 )
At 30 November 2024 20,693 57,490 16,733 94,916
DEPRECIATION
At 1 December 2023 11,508 42,926 8,405 62,839
Charge for year 6,604 14,564 4,212 25,380
Eliminated on disposal (2 ) - - (2 )
At 30 November 2024 18,110 57,490 12,617 88,217
NET BOOK VALUE
At 30 November 2024 2,583 - 4,116 6,699
At 30 November 2023 9,255 14,564 4,912 28,731

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 546,228
Additions 315,000
Revaluations 238,842
At 30 November 2024 1,100,070
NET BOOK VALUE
At 30 November 2024 1,100,070
At 30 November 2023 546,228

Orange Heart Productions Ltd (Registered number: 13007147)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2023 10,153
Valuation in 2024 238,842
Cost 851,075
1,100,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,198 107,624
Other debtors 131,558 750,765
176,756 858,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 137 9,819
Trade creditors 2,829 70,499
Taxation and social security 83,942 280,111
Other creditors 12,347 56,261
99,255 416,690

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
J Yee NG
Balance outstanding at start of year 573,141 -
Amounts advanced 110,188 573,141
Amounts repaid (683,329 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 573,141

Orange Heart Productions Ltd (Registered number: 13007147)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above represents the highest balance during the year. Interest is charged on advances to the director at the HMRC approved rate of interest. The loan was provided with no fixed repayment terms and no security.