Company Registration No. 12652374 (England and Wales)
Jenkins & Tate Entertainment Limited
Annual report and unaudited financial statements
for the year ended 30 June 2024
Jenkins & Tate Entertainment Limited
Company information
Directors
Brian Jenkins
Steven Smith
Company number
12652374
Registered office
70 Coniston Road
Lemington Spa
England
CV32 6PF
Accountants
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Jenkins & Tate Entertainment Limited
Contents
Page
Directors' report
1
Directors' responsibilities statement
2
Income statement
3
Statement of financial position
4
Statement of changes in equity
5
Notes to the financial statements
6 - 9
Jenkins & Tate Entertainment Limited
Directors' report
For the year ended 30 June 2024
1
The directors present their annual report and financial statements for the year ended 30 June 2024.
Principal activities
The principal activity of the company continues to be that of film and television production.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Brian Jenkins
Steven Smith
Going concern
In preparing the financial statements of the company, the directors have made an assessment of the next twelve months' performance from the signing date and consider preparation on a going concern as appropriate (see Note 1.2).
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Brian Jenkins
Director
11 June 2025
Jenkins & Tate Entertainment Limited
Directors' responsibilities statement
For the year ended 30 June 2024
2
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Jenkins & Tate Entertainment Limited
Income statement
For the year ended 30 June 2024
3
2024
2023
£
£
Turnover
-
-
Administrative expenses
(8,503)
(15,226)
Loss before taxation
(8,503)
(15,226)
Tax on loss
Loss for the financial year
(8,503)
(15,226)
The income statement has been prepared on the basis that all operations are continuing operations.
Jenkins & Tate Entertainment Limited
Statement of financial position
As at 30 June 2024
30 June 2024
4
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
258
194
Current assets
Debtors
5
310
501
Cash at bank and in hand
109
2,204
419
2,705
Creditors: amounts falling due within one year
6
(6,727)
(446)
Net current (liabilities)/assets
(6,308)
2,259
Net (liabilities)/assets
(6,050)
2,453
Capital and reserves
Called up share capital
7
113
113
Share premium account
39,956
39,956
Profit and loss reserves
(46,119)
(37,616)
Total equity
(6,050)
2,453
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 June 2025 and are signed on its behalf by:
Brian Jenkins
Director
Company Registration No. 12652374
Jenkins & Tate Entertainment Limited
Statement of changes in equity
For the year ended 30 June 2024
5
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 July 2022
111
19,994
(22,390)
(2,285)
Year ended 30 June 2023:
Loss and total comprehensive income
-
-
(15,226)
(15,226)
Issue of share capital
7
2
19,962
-
19,964
Balance at 30 June 2023
113
39,956
(37,616)
2,453
Year ended 30 June 2024:
Loss and total comprehensive income
-
-
(8,503)
(8,503)
Balance at 30 June 2024
113
39,956
(46,119)
(6,050)
Jenkins & Tate Entertainment Limited
Notes to the financial statements
For the year ended 30 June 2024
6
1
Accounting policies
Company information
Jenkins & Tate Entertainment Limited is a private company limited by shares incorporated in England and Wales. The registered office is 70 Coniston Road, Lemington Spa, England, CV32 6PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Computers
33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Jenkins & Tate Entertainment Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
7
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Jenkins & Tate Entertainment Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
8
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (excluding directors) employed by the company during the year was:
2024
2023
Number
Number
Total
Jenkins & Tate Entertainment Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
9
4
Tangible fixed assets
Computers
£
Cost
At 1 July 2023
731
Additions
342
At 30 June 2024
1,073
Depreciation and impairment
At 1 July 2023
537
Depreciation charged in the year
278
At 30 June 2024
815
Carrying amount
At 30 June 2024
258
At 30 June 2023
194
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
310
501
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
6,727
446
As at 30 June 2024 a loan of £6,727 is due to the directors (2023: £446). Director loans bear no interest.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
11,254
11,254
113
113
8
Parent company
The directors do not consider there to be an ultimate controlling party.