| REGISTERED NUMBER: |
| Northlight Productions Limited |
| Unaudited Financial Statements |
| for the Year Ended 28th February 2025 |
| REGISTERED NUMBER: |
| Northlight Productions Limited |
| Unaudited Financial Statements |
| for the Year Ended 28th February 2025 |
| Northlight Productions Limited (Registered number: SC127870) |
| Contents of the Financial Statements |
| for the year ended 28th February 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 5 |
| Northlight Productions Limited |
| Company Information |
| for the year ended 28th February 2025 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Northlight Productions Limited (Registered number: SC127870) |
| Balance Sheet |
| 28th February 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Current assets |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Special reserve |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| Northlight Productions Limited (Registered number: SC127870) |
| Balance Sheet - continued |
| 28th February 2025 |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director and authorised for issue on |
| Northlight Productions Limited (Registered number: SC127870) |
| Notes to the Financial Statements |
| for the year ended 28th February 2025 |
| 1. | Statutory information |
| Northlight Productions Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year. Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade creditors, accruals, other loans and directors' loans. |
| Directors' loans (being repayable on demand), accruals, trade creditors and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Going concern |
| The continued trading of the company is dependent on the future support of the director through his loan account. The director has confirmed that he will continue to support the company throughout the coming year. The accounts have therefore been prepared on the going concern basis. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2024 - NIL). |
| Northlight Productions Limited (Registered number: SC127870) |
| Notes to the Financial Statements - continued |
| for the year ended 28th February 2025 |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1st March 2024 |
| and 28th February 2025 |
| Depreciation |
| At 1st March 2024 |
| and 28th February 2025 |
| Net book value |
| At 28th February 2025 |
| At 29th February 2024 |
| 5. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | Contingent liabilities |
| The company planned to raise a total of £25,000 by way of development funding to finance the creation of a feature film script package entitled 'Anything But Temptation'. Investors were invited to lend money to the company with their investments being returned together with a premium on the first day of principle photography. |
| At 28th February 2025 the company had received from investors a total of £13,069 (2024 - £13,069) with premiums of £8,235 (2024 - £8,235) falling payable in addition to the initial investments should the film commence production in the future. |
| At 28th February 2025 the company had received from an investor a total of £10,000 (2024 - £10,000) for a short film project ('The elemental') in return for a share of future earnings, and further investment funding of £7,120 (2024 - £7,120) from the UK Film Council. |
| All amounts from investors and expenses relative to the films have been shown in the Statement of Income and Retained Earnings in the period they were received. The investments in 'Anything But Temptation' are not repayable in the event that that the film is not produced. No contractual arrangements have to date been entered into by the company for production of the film 'Anything But Temptation'. 'The Elemental' has been produced and exhibited, but no payment will be due by viewers until costs have been recovered, an eventuality which is not anticipated. |