Molifilms Entertainment Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08100681

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		1		1

			1		1
CURRENT ASSETS
Debtors	6	-		850
Cash at bank and in hand		38		5

		38		855
Creditors: Amounts Falling Due Within One Year	7	(8,362 )		(98,252 )

NET CURRENT ASSETS (LIABILITIES)			(8,324 )		(97,397 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,323 )		(97,396 )

Creditors: Amounts Falling Due After More Than One Year	8		(21,686 )		(19,585 )

NET LIABILITIES			(30,009 )		(116,981 )

CAPITAL AND RESERVES
Called up share capital	9		44,250		44,250
Share premium account			3,385,171		3,385,171
Profit and Loss Account			(3,459,430 )		(3,546,402 )

SHAREHOLDERS' FUNDS			(30,009)		(116,981)

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Molifilms Entertainment Limited

Balance Sheet (continued)

As At 30 June 2024

For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Bradley Moore

Director

28/04/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Molifilms Entertainment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08100681 . The registered office is 10 Bartholomew Green, Markyate, St Albans, Hertfordshire, AL3 8RX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the reporting date the company had net liabilities of £115,270 (2021: £113,696) and is dependent on the support of credit terms from its suppliers and loans from third parties. The company meets its day to day working capital requirements through the utilisation of credit terms from its suppliers and third party loans.

The rights to films are exploited by the company and the director is hopeful that sufficient revenue will be generated from which funds will be made available to make payments to all clear all outstanding loans and amounts due to suppliers, however film sales are volatile and payments cannot be guaranteed.

The director therefore continues to adopt the going concern basis in preparing the company’s financial statements but with the proviso that a material uncertainty exists over the company’s future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 July 2023	3,928

As at 30 June 2024	3,928

Depreciation
As at 1 July 2023	3,928

As at 30 June 2024	3,928

...CONTINUED

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Molifilms Entertainment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

Net Book Value
As at 30 June 2024	-

As at 1 July 2023	-

5. Investments

	Other
	£
Cost
As at 1 July 2023	52

As at 30 June 2024	52

Provision
As at 1 July 2023	51

As at 30 June 2024	51

Net Book Value
As at 30 June 2024	1

As at 1 July 2023	1

6. Debtors

	2024	2023
	£	£
Due within one year
Other Debtors (Debtors < 1 year)	-	850

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	89	59,210
Bank loans and overdrafts	-	2,374
Other creditors	3,649	2,856
Other loans	-	12,000
Accruals and deferred income	780	18,280
Director's loan account	3,844	3,532

	8,362	98,252

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	21,686	19,585

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	44,250	44,250

10. Controlling Party

The company was controlled by the director Mr Bradley Moore throughout the period.

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