Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Production and distribution of film2023-05-01false22truetrue 10733079 2023-05-01 2024-04-30 10733079 2022-05-01 2023-04-30 10733079 2024-04-30 10733079 2023-04-30 10733079 c:Director1 2023-05-01 2024-04-30 10733079 d:CurrentFinancialInstruments 2024-04-30 10733079 d:CurrentFinancialInstruments 2023-04-30 10733079 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10733079 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10733079 d:ShareCapital 2024-04-30 10733079 d:ShareCapital 2023-04-30 10733079 d:RetainedEarningsAccumulatedLosses 2024-04-30 10733079 d:RetainedEarningsAccumulatedLosses 2023-04-30 10733079 c:FRS102 2023-05-01 2024-04-30 10733079 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10733079 c:FullAccounts 2023-05-01 2024-04-30 10733079 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10733079 2 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10733079









ELSTREE 1979 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ELSTREE 1979 LIMITED
REGISTERED NUMBER: 10733079

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
96,632

Debtors: amounts falling due within one year
 4 
6,477
10,386

Cash at bank and in hand
 5 
-
196

  
6,477
107,214

Creditors: amounts falling due within one year
 6 
(103,148)
(105,540)

Net current (liabilities)/assets
  
 
 
(96,671)
 
 
1,674

Total assets less current liabilities
  
(96,671)
1,674

  

Net (liabilities)/assets
  
(96,671)
1,674


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(96,672)
1,673

  
(96,671)
1,674


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ELSTREE 1979 LIMITED
REGISTERED NUMBER: 10733079
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 April 2025.




Jeffery Barker
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ELSTREE 1979 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Elstree 1979 Limited is a private company limited by shares and incorporated in England & Wales. The address of the registered office and the principal place of business is 102 Gresham Road, London, NW10 9BY. The principal activity of the company is the production and distribution of film. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue represents sales and royalties receivable from film production and distribution.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Cost of film productions

The cost of producing films are recorded as a current asset. This cost is amortised to the statement of comprehensive income over the period in which the rights to the relevant film are being exploited by the company.



 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 3

 
ELSTREE 1979 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2

Page 4

 
ELSTREE 1979 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Other debtors
6,477
10,386

6,477
10,386



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
196

Less: bank overdrafts
(282)
-

(282)
196



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
282
-

Trade creditors
900
900

Other creditors
101,966
104,640

103,148
105,540



7.


Controlling party

Jeffery Barker and Jonathan Spira jointly control the company.

 
Page 5