REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2024 |
for |
Y2K Film Productions Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2024 |
for |
Y2K Film Productions Limited |
Y2K Film Productions Limited (Registered number: 03816751) |
Contents of the Financial Statements |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Y2K Film Productions Limited |
Company Information |
for the Year Ended 31 July 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Y2K Film Productions Limited (Registered number: 03816751) |
Balance Sheet |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
Y2K Film Productions Limited (Registered number: 03816751) |
Notes to the Financial Statements |
for the Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
Y2K Film Productions Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company was dormant throughout the current year and previous year. |
Tangible fixed assets |
Depreciation is provided at rates calculated to write off cost less depreciation. Depreciation is provided on the film asset in accordance with the recovery method whereby depreciation is taken to the profit and loss account in the same amount as the income received in the accounting period. |
Finance lease agreements |
Where the company enters into a lease,which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies.Future instalments under such leases, net of finance charges, are included with creditors.Rentals payable are apportioned between the finance element ,which is charged to the profit and loss account on a straight-line basis, and the capital element, which reduces the outstanding obligation for future instalments. |
Where the company has entered into a sale and leaseback agreement, the finance lease is matched by secured deposit such that the interest earned on the deposit will cover the interest charge on the finance lease over the term of the lease.The deposit is only to be used to settle the finance lease liability and therefore it has been offset with the finance lease creditor to show the net unmatched liability at the year end.Similarly, the interest earned on the deposit is offset against the interest charge within the lease payments. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2023 |
and 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |