COMPANY REGISTRATION NUMBER:
10850701
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Binary Star Films Limited |
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Filleted Unaudited Financial Statements |
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Binary Star Films Limited |
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Year ended 31 August 2024
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Officers and professional advisers |
1 |
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 |
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Notes to the financial statements |
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Binary Star Films Limited |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Binary Star Films Limited |
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Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Binary Star Films Limited for the year ended 31 August 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Binary Star Films Limited, as a body, in accordance with the terms of our engagement letter dated 23 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Binary Star Films Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Binary Star Films Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Binary Star Films Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Binary Star Films Limited. You consider that Binary Star Films Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Binary Star Films Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Riverside Accountancy Lancaster Limited
Chartered accountants
Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
29 May 2025
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Binary Star Films Limited |
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Statement of Financial Position |
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31 August 2024
Current assets
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Debtors |
4 |
20 |
20 |
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---- |
---- |
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Net current assets |
20 |
20 |
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---- |
---- |
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Total assets less current liabilities |
20 |
20 |
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---- |
---- |
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Capital and reserves
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Called up share capital |
5 |
20 |
20 |
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---- |
---- |
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Shareholders funds |
20 |
20 |
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---- |
---- |
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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 income and retained earnings has not been delivered.
For the year 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:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
29 May 2025
, and are signed on behalf of the board by:
Company registration number:
10850701
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Binary Star Films Limited |
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Notes to the Financial Statements |
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Year ended 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 Suite 2, Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SU, England.
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.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented
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Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Debtors
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2024 |
2023 |
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£ |
£ |
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Other debtors |
20 |
20 |
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5.
Called up share capital
Issued, called up and fully paid
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £ 1 each |
20 |
20 |
20 |
20 |
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---- |
---- |
---- |
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6.
Contingencies
Charges have been made against the film in favour of the following parties to secure their interest in the copyright of and title to the film: Ellenglaze Films Limited The Wellcome Trust Limited Film Finance, Inc LIP Sync Productions LLP Gorean Films Limited The British Film Institute British Broadcasting Corporation
7.
Controlling party
In the opinion of the directors the company is under the control of Ellenglaze Films Limited.