Sentinel Films Limited
Unaudited Financial Statements
For the year ended 30 April 2024
Pages for Filing with Registrar
Company Registration No. 08065279 (England and Wales)
Sentinel Films Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Sentinel Films Limited
Balance Sheet
As at 30 April 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,661
2,784
Current assets
Debtors
5
530
1,658
Cash at bank and in hand
861
4,810
1,391
6,468
Creditors: amounts falling due within one year
6
(77,540)
(67,769)
Net current liabilities
(76,149)
(61,301)
Net liabilities
(74,488)
(58,517)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(74,489)
(58,518)
Total equity
(74,488)
(58,517)
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 30 April 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 13 May 2025
R Bierman
Director
Company Registration No. 08065279
Sentinel Films Limited
Notes to the Financial Statements
For the year ended 30 April 2024
Page 2
1
Accounting policies
Company information
Sentinel Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.
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 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 pound.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
The company is dependent on the continued support of the director and he trueconfirms that he will continue to support the company for a period of at least 12 months from the date of approving these accounts.
1.3
Turnover
Turnover represents amounts receivable for motion picture, video and television programme post-production activities.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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:
Computer equipment
33% straight line
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
Cash and cash equivalents
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.
1.6
Financial instruments
The company only has basic financial instruments at amortised cost, with no financial instruments classified as other, basic instruments measured at fair value.
Sentinel Films Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
1
Accounting policies
(Continued)
Page 3
1.7
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.
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.
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
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 and 30 April 2024
11,231
Depreciation and impairment
At 1 May 2023
8,447
Depreciation charged in the year
1,123
At 30 April 2024
9,570
Carrying amount
At 30 April 2024
1,661
At 30 April 2023
2,784
Sentinel Films Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 4
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
1,128
Prepayments and accrued income
530
530
530
1,658
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,244
Other creditors
73,440
63,525
Accruals and deferred income
4,100
2,000
77,540
67,769
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1 each
1
1
8
Ultimate controlling party
The ultimate controlling party is Robert Bierman, by virtue of his 100% share holding in the company.
9
Related party transactions
At the year end, the company owed £73,440 (2023: £63,386) to Robert Bierman, the director of the company.