Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue12023-02-11The principal activity of the company is that of motion picture production activities1true 14274612 2023-02-11 2024-05-31 14274612 2022-08-03 2023-02-10 14274612 2024-05-31 14274612 2023-02-10 14274612 c:Director1 2023-02-11 2024-05-31 14274612 d:CurrentFinancialInstruments 2024-05-31 14274612 d:CurrentFinancialInstruments 2023-02-10 14274612 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14274612 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-10 14274612 d:ShareCapital 2024-05-31 14274612 d:ShareCapital 2023-02-10 14274612 d:RetainedEarningsAccumulatedLosses 2024-05-31 14274612 d:RetainedEarningsAccumulatedLosses 2023-02-10 14274612 c:OrdinaryShareClass1 2023-02-11 2024-05-31 14274612 c:OrdinaryShareClass1 2024-05-31 14274612 c:FRS102 2023-02-11 2024-05-31 14274612 c:AuditExempt-NoAccountantsReport 2023-02-11 2024-05-31 14274612 c:FullAccounts 2023-02-11 2024-05-31 14274612 c:PrivateLimitedCompanyLtd 2023-02-11 2024-05-31 14274612 2 2023-02-11 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14274612














ASPEN FILM PRODUCTIONS LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 11 FEBRUARY 2023 TO 31 MAY 2024

 
ASPEN FILM PRODUCTIONS LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
ASPEN FILM PRODUCTIONS LTD
REGISTERED NUMBER:14274612

BALANCE SHEET
AS AT 31 MAY 2024

31 May
10 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
-
6,419,655

Debtors: amounts falling due within one year
 5 
5,242,804
1,793,374

Cash at bank and in hand
 6 
1,325
15,614

  
5,244,129
8,228,643

Creditors: amounts falling due within one year
 7 
(5,620,356)
(7,051,923)

Net current (liabilities)/assets
  
 
 
(376,227)
 
 
1,176,720

Total assets less current liabilities
  
(376,227)
1,176,720

  

Net (liabilities)/assets
  
(376,227)
1,176,720


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(376,327)
1,176,620

  
(376,227)
1,176,720


1

 
ASPEN FILM PRODUCTIONS LTD
REGISTERED NUMBER:14274612
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Sritharan
Director

Date: 23 May 2025

The notes on pages 3 to 5 form part of these financial statements.

2

 
ASPEN FILM PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Aspen Film productions  Ltd is a private company, limited by shares, registered in England and Wales, registration number 14274612. The registered office address is 104, Market street, Hollingworth, Hyde, England, SK14 8JA.
 
The principal activity of the company is that of motion picture production activities.
 
During the period, the company extended its accounting period from 10 February 2024 to 31 May 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed that they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the director is satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

Turnover

Turnover from motion picture production activities is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company is eligible to claim a tax credit on film production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

3

 
ASPEN FILM PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Stocks

Work in progress represents the cost of producing the film. Work in progress and finished goods include labour and attributable overheads. Production costs are amortised to the Profit and loss account over the period in which the rights to the relevant film is being exploited by the company.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Stocks

31 May
10 February
2024
2023
£
£

Film production cost
-
6,419,655



5.


Debtors

31 May
10 February
2024
2023
£
£


Trade debtors
3,900,000
-

Other debtors
1,342,804
1,793,374

5,242,804
1,793,374


4

 
ASPEN FILM PRODUCTIONS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Cash and cash equivalents

31 May
10 February
2024
2023
£
£

Cash at bank and in hand
1,325
15,615



7.


Creditors: Amounts falling due within one year

31 May
10 February
2024
2023
£
£

Other loans
5,131,445
4,733,757

Trade creditors
483,911
537,673

Other creditors
-
32,775

Accruals and deferred income
5,000
1,747,718

5,620,356
7,051,923



8.


Share capital

31 May
10 February
2024
2023
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Included within other creditors at the year end is balance totalling £NIL (February 2023 - £1,235) due to the director. The loan is interest free and repayable on demand.
At the period end, the director owed the company £11,019 (February 2023 - £NIL). The amount is shown in other debtors and is repayable on demand.

 
5