REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 28 July 2023 to 31 July 2024 |
for |
River Cruise Films UK Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 28 July 2023 to 31 July 2024 |
for |
River Cruise Films UK Limited |
River Cruise Films UK Limited (Registered number: 15034311) |
Contents of the Financial Statements |
for the Period 28 July 2023 to 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
River Cruise Films UK Limited |
Company Information |
for the Period 28 July 2023 to 31 July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
39 Long Acre |
London |
WC2E 9LG |
River Cruise Films UK Limited (Registered number: 15034311) |
Balance Sheet |
31 July 2024 |
Notes | £ |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Share premium |
The directors acknowledge their 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. |
River Cruise Films UK Limited (Registered number: 15034311) |
Balance Sheet - continued |
31 July 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
River Cruise Films UK Limited (Registered number: 15034311) |
Notes to the Financial Statements |
for the Period 28 July 2023 to 31 July 2024 |
1. | STATUTORY INFORMATION |
River Cruise Films UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Work in progress |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Work in progress relates to production and development costs incurred and is valued on the basis of direct costs plus attributable overheads, based upon normal levels of activity less any tax credit element of the undelivered episodes. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work progress. |
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
On delivery of the episode all amounts held in Work in progress are taken to the Profit and Loss account. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
River Cruise Films UK Limited (Registered number: 15034311) |
Notes to the Financial Statements - continued |
for the Period 28 July 2023 to 31 July 2024 |
2. | ACCOUNTING POLICIES - continued |
Employees |
The company has been incorporated to co-produce a High-End TV series called "River Cruise Romance" (new title ''Love On The Danube''). In common with the film and television industry the majority of cast and crew are hired on short term contracts for the duration of principal photography or are self-employed. |
None of the Directors received any form of remuneration |
Interest income |
Interest income is recognised when it probable that the economic benefits will flow to the company and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition. |
Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and |
other financial liabilities are initially recognised at transaction price net of any transaction costs and |
subsequently measured at amortised cost determined using the effective interest method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | STOCKS |
£ |
Work-in-progress |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
Accrued expenses |
River Cruise Films UK Limited (Registered number: 15034311) |
Notes to the Financial Statements - continued |
for the Period 28 July 2023 to 31 July 2024 |
7. | RELATED PARTY TRANSACTIONS |
During the period no related-party transactions took place. All transactions related to the production of the High-End TV series "River Cruise Romance" (new title ''Love On The Danube'') and arose on an arm's-length basis through the normal course of business. |
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling parties are considered to be Mark Vennis and Gary Phillips by virtue of their shareholding. |