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Logo On Report
Registered Number: 11796399
England and Wales

 

 

 

SILVERPRINCE PICTURES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025
Director Darius Chen Keong Shu
Registered Number 11796399
Registered Office 124 City Road
London
EC1V 2NX
Accountants WallsMan Creative Limited
Unit 14
Princeton Mews
167 London Road
Kingston Upon Thames
KT2 6PT
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Intangible fixed assets 3 25,791    30,089 
Tangible fixed assets 4 3,941    2,367 
29,732    32,456 
Current assets      
Debtors 5   275 
Cash at bank and in hand 27,833    13,595 
27,833    13,870 
Creditors: amount falling due within one year 6 (25,914)   (27,598)
Net current assets 1,919    (13,728)
 
Total assets less current liabilities 31,651    18,728 
Creditors: amount falling due after more than one year 7 (5,648)   (15,521)
Provisions for liabilities 8 9,554    6,057 
Net assets 35,557    9,264 
 

Capital and reserves
     
Called up share capital 51,000    51,000 
Profit and loss account (15,443)   (41,736)
Shareholders' funds 35,557    9,264 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 11 June 2025 and were signed by:


-------------------------------
Darius Chen Keong Shu
Director
2
General Information
Silverprince Pictures Ltd is a private company, limited by shares, registered in England and Wales, registration number 11796399, registration address 124 City Road, London, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2024 : 2).
3.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 February 2024 42,983    42,983 
Additions  
Disposals  
At 31 January 2025 42,983    42,983 
Amortisation
At 01 February 2024 12,894    12,894 
Charge for year 4,298    4,298 
On disposals  
At 31 January 2025 17,192    17,192 
Net book values
At 31 January 2025 25,791    25,791 
At 31 January 2024 30,089    30,089 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 February 2024 17,010    17,010 
Additions 4,092    4,092 
Disposals  
At 31 January 2025 21,102    21,102 
Depreciation
At 01 February 2024 14,643    14,643 
Charge for year 2,518    2,518 
On disposals  
At 31 January 2025 17,161    17,161 
Net book values
Closing balance as at 31 January 2025 3,941    3,941 
Opening balance as at 01 February 2024 2,367    2,367 


5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors   275 
  275 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Bank Loans & Overdrafts (Secured) 9,945    10,123 
Accrued Expenses 2,822    3,024 
Other Creditors (1)   (1)
Directors' Current Accounts 13,148    14,543 
VAT Control Account   (91)
25,914    27,598 

7.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts (secured) 5,648    15,521 
5,648    15,521 

8.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax (9,554)   (6,057)
(9,554)   (6,057)

3