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COMPANY REGISTRATION NUMBER: 10902379
Golden Thread Films Limited
Filleted Unaudited Financial Statements
31 August 2024
Golden Thread Films Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Golden Thread Films Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Golden Thread Films Limited
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 Golden Thread 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 director of Golden Thread Films Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Golden Thread Films Limited and state those matters that we have agreed to state to you 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 Golden Thread Films Limited and its director for our work or for this report.
It is your duty to ensure that Golden Thread 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 loss of Golden Thread Films Limited. You consider that Golden Thread 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 Golden Thread 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.
WALTER HUNTER & CO LIMITED Chartered accountants
24 Bridge Street Newport South Wales NP20 4SF
28 May 2025
Golden Thread Films Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
163
557
Current assets
Cash at bank and in hand
295
271
Creditors: amounts falling due within one year
5
45,504
42,154
--------
--------
Net current liabilities
45,209
41,883
--------
--------
Total assets less current liabilities
( 45,046)
( 41,326)
--------
--------
Net liabilities
( 45,046)
( 41,326)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 45,048)
( 41,328)
--------
--------
Shareholder deficit
( 45,046)
( 41,326)
--------
--------
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.
Director's responsibilities:
- 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 ;
- The director acknowledges her 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 28 May 2025 , and are signed on behalf of the board by:
Mrs J L Edwards
Director
Company registration number: 10902379
Golden Thread Films Limited
Notes to the Financial Statements
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 24 Bridge Street, Newport, NP20 4SF.
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.
Going concern
Having reviewed the plans and future projections of the company, and with her continued support, the Director is confident that the business will continue to trade for at least the next 12 months. On this basis the accounts have been prepared on the going concern basis, however they would not be materially different if prepared on a break-up basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Tangible assets
Equipment
£
Cost
At 1 September 2023 and 31 August 2024
5,837
-------
Depreciation
At 1 September 2023
5,280
Charge for the year
394
-------
At 31 August 2024
5,674
-------
Carrying amount
At 31 August 2024
163
-------
At 31 August 2023
557
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
45,504
42,154
--------
--------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mrs J L Edwards
( 41,674)
( 3,331)
( 45,005)
--------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mrs J L Edwards
( 37,655)
( 4,019)
( 41,674)
--------
-------
--------