Company registration number 01327293 (England and Wales)
ANTHONY PHILLIPS PRODUCTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ANTHONY PHILLIPS PRODUCTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ANTHONY PHILLIPS PRODUCTIONS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
5,100
6,375
Tangible assets
6
153,193
165,324
Investments
5
36,000
36,000
194,293
207,699
Current assets
Debtors
7
29,963
29,163
Cash at bank and in hand
389,657
388,296
419,620
417,459
Creditors: amounts falling due within one year
8
(38,338)
(29,852)
Net current assets
381,282
387,607
Net assets
575,575
595,306
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
575,475
595,206
Total equity
575,575
595,306

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 17 April 2025
Mr A Phillips
Director
Company Registration No. 01327293
ANTHONY PHILLIPS PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Anthony Phillips Productions LtdANTHONY PHILLIPS PRODUCTIONS LTD is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Regis House, 45 King William Street, London, United Kingdom, EC4R 9AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax arising from royalties and commissions.

1.3
Intangible fixed assets other than goodwill

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents
20 years
1.4
Tangible fixed assets

Tangible fixed assets under cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements
10 Years
Equipment
25% reducing balance
Fixtures and Fittings
Paintings - not depreciated
Computer equipment
25% reducing balance

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

ANTHONY PHILLIPS PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash at bank and in hand

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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ANTHONY PHILLIPS PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024 and 31 December 2024
25,500
Amortisation and impairment
At 1 January 2024
19,125
Amortisation charged for the year
1,275
At 31 December 2024
20,400
Carrying amount
At 31 December 2024
5,100
At 31 December 2023
6,375
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
36,000
36,000
ANTHONY PHILLIPS PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
6
Tangible fixed assets
Property improvements
Equipment
Fixtures and Fittings
Computer equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
258,313
910,641
9,400
79,787
1,258,141
Additions
-
0
29,050
-
0
1,241
30,291
Disposals
-
0
(7,700)
-
0
-
0
(7,700)
At 31 December 2024
258,313
931,991
9,400
81,028
1,280,732
Depreciation and impairment
At 1 January 2024
214,418
817,926
-
0
60,473
1,092,817
Depreciation charged in the year
15,296
22,013
-
0
5,113
42,422
Eliminated in respect of disposals
-
0
(7,700)
-
0
-
0
(7,700)
At 31 December 2024
229,714
832,239
-
0
65,586
1,127,539
Carrying amount
At 31 December 2024
28,599
99,752
9,400
15,442
153,193
At 31 December 2023
43,895
92,715
9,400
19,314
165,324
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,459
662
Other debtors
28,504
28,501
29,963
29,163
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
95
630
Taxation and social security
34,101
25,203
Other creditors
4,142
4,019
38,338
29,852
ANTHONY PHILLIPS PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

At the year end, the company owed the sole director and shareholder of the company, Mr A E Phillips, a balance of £379 (2023: £205) which is included within creditors. The amount due is interest free and payable on demand.

10
Parent company

The ultimate controlling party is Mr A E Phillips, the company's sole director, by virtue of his 100% shareholding.

2024-12-312024-01-01falsefalsefalse17 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr A Phillips013272932024-01-012024-12-31013272932024-12-31013272932023-12-3101327293core:IntangibleAssetsOtherThanGoodwill2024-12-3101327293core:IntangibleAssetsOtherThanGoodwill2023-12-3101327293core:LeaseholdImprovements2024-12-3101327293core:PlantMachinery2024-12-3101327293core:FurnitureFittings2024-12-3101327293core:ComputerEquipment2024-12-3101327293core:LeaseholdImprovements2023-12-3101327293core:PlantMachinery2023-12-3101327293core:FurnitureFittings2023-12-3101327293core:ComputerEquipment2023-12-3101327293core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3101327293core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3101327293core:CurrentFinancialInstruments2024-12-3101327293core:CurrentFinancialInstruments2023-12-3101327293core:ShareCapital2024-12-3101327293core:ShareCapital2023-12-3101327293core:RetainedEarningsAccumulatedLosses2024-12-3101327293core:RetainedEarningsAccumulatedLosses2023-12-3101327293bus:ChiefExecutive2024-01-012024-12-3101327293bus:PrivateLimitedCompanyLtd2024-01-012024-12-3101327293bus:RegisteredOffice2024-01-012024-12-3101327293core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3101327293core:LeaseholdImprovementscore:LeasedAssetsHeldAsLessee2024-01-012024-12-3101327293core:PlantMachinery2024-01-012024-12-3101327293core:FurnitureFittings2024-01-012024-12-3101327293core:ComputerEquipment2024-01-012024-12-31013272932023-01-012023-12-3101327293core:IntangibleAssetsOtherThanGoodwill2023-12-3101327293core:LeaseholdImprovements2023-12-3101327293core:PlantMachinery2023-12-3101327293core:FurnitureFittings2023-12-3101327293core:ComputerEquipment2023-12-31013272932023-12-3101327293core:LeaseholdImprovements2024-01-012024-12-3101327293core:WithinOneYear2024-12-3101327293core:WithinOneYear2023-12-3101327293bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101327293bus:FRS1022024-01-012024-12-3101327293bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3101327293bus:Director12024-01-012024-12-3101327293bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP