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COMPANY REGISTRATION NUMBER: 15050845
Switzerland the Film Ltd
Filleted Unaudited Financial Statements
31 August 2024
Switzerland the Film Ltd
Statement of Financial Position
31 August 2024
31 Aug 24
Note
£
Current assets
Stocks
60,520
Debtors
4
5,331
--------
65,851
Creditors: amounts falling due within one year
5
68,855
--------
Net current liabilities
3,004
-------
Total assets less current liabilities
( 3,004)
-------
Net liabilities
( 3,004)
-------
Capital and reserves
Called up share capital
1
Profit and loss account
( 3,005)
-------
Shareholder deficit
( 3,004)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 May 2025 , and are signed on behalf of the board by:
Ms G Tana
Director
Company registration number: 15050845
Switzerland the Film Ltd
Notes to the Financial Statements
Period from 4 August 2023 to 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, HA3 0AN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stock represents work in progress relating to direct production costs incurred on the production of the film during the period. The costs are recorded at the lower of costs and net realisable value, and are net of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Debtors
31 Aug 24
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1
Other debtors
5,330
-------
5,331
-------
5. Creditors: amounts falling due within one year
31 Aug 24
£
Trade creditors
29,148
Other creditors
39,707
--------
68,855
--------
6. Controlling party
The company's ultimate parent company and ultimate controlling party is Switzerland Rights Limited a company incorporated in England and Wales.