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REGISTERED NUMBER: 09674371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

AZURE FILMS LIMITED

AZURE FILMS LIMITED (REGISTERED NUMBER: 09674371)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


AZURE FILMS LIMITED (REGISTERED NUMBER: 09674371)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 175 28
Investment property 5 870,360 870,360
870,535 870,388

CURRENT ASSETS
Debtors 6 1,274 256
Cash at bank 47,071 36,304
48,345 36,560
CREDITORS
Amounts falling due within one year 7 16,754 13,109
NET CURRENT ASSETS 31,591 23,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,126

893,839

CREDITORS
Amounts falling due after more than one
year

8

289,282

300,291
NET ASSETS 612,844 593,548

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 612,843 593,547
SHAREHOLDERS' FUNDS 612,844 593,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





Mrs M R Waterstone - Director


AZURE FILMS LIMITED (REGISTERED NUMBER: 09674371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Azure Films Limited 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: 09674371

Registered office: 18 Glasshouse Studios
Fryern Court Road
Fordingbridge
Hampshire
SP6 1QX

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.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase with general inflation in which case the income is recognised as revenue in accordance with the expected payments.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated, using the straight-line method, to allocate the depreciable amount to their residual values over their estimated useful lives, as follows:

Plant and machinery etc: 4 years

Investment property
Investment property is initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment property whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Statement of Comprehensive Income in the period in which it arises. Such gains or losses are transferred from retained earnings to a non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

AZURE FILMS LIMITED (REGISTERED NUMBER: 09674371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES

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

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 690
Additions 235
At 31 July 2024 925
DEPRECIATION
At 1 August 2023 662
Charge for year 88
At 31 July 2024 750
NET BOOK VALUE
At 31 July 2024 175
At 31 July 2023 28

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 870,360
NET BOOK VALUE
At 31 July 2024 870,360
At 31 July 2023 870,360

The director values the company's investment property annually at the balance sheet date. The director uses their own knowledge and experience to assess the open market value of the property.

The historical cost of the company's investment property is £870,360 (2023 - £870,360).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,274 256

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,009 10,606
Taxation and social security 4,809 1,567
Other creditors 936 936
16,754 13,109

AZURE FILMS LIMITED (REGISTERED NUMBER: 09674371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 289,282 300,291

Bank loans outstanding at the year end include instalments due after more than five years of £240,894 (2023 - £253,677).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 300,291 310,897

The bank loan is secured against the investment property of the company.

10. CALLED UP SHARE CAPITAL

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs M R Waterstone
Balance outstanding at start of year 1 1,998
Amounts advanced 2,000 8,711
Amounts repaid (1,000 ) (10,708 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,001 1