Eaton Films Ltd
Registered number: 02299618
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 1,290 -
Investments 5 270,878 225,001
282,168 235,001
Current assets
Debtors 6 45,627 45,350
Cash at bank and in hand 1,143,614 1,183,241
1,189,241 1,228,591
Creditors: amounts falling due within one year 7 (1,246,554) (1,261,662)
Net current liabilities (57,313) (33,071)
Net assets 224,855 201,930
Capital and reserves
Called up share capital 100 100
Profit and loss account 224,755 201,830
Shareholders' funds 224,855 201,930
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
- -
J W W Downing
Director
Approved by the board on 7 February 2025
Eaton Films Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of value added tax, from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at the invoice price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised to the extent that a tax loss can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 184,906
At 31 December 2024 184,906
Amortisation
At 1 January 2024 174,906
At 31 December 2024 174,906
Net book value
At 31 December 2024 10,000
At 31 December 2023 10,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 68,694
Additions 1,720
At 31 December 2024 70,414
Depreciation
At 1 January 2024 68,694
Charge for the year 430
At 31 December 2024 69,124
Net book value
At 31 December 2024 1,290
5 Investments 2024 2023
£ £
Fair value
At 1 January 2024 225,001 207,230
Additions 4,245 3,576
Fair value adjustments 41,632 14,195
Disposals - -
At 31 December 2024 270,878 225,001
6 Debtors 2024 2023
£ £
Trade debtors 3,670 894
Other debtors 41,957 44,456
45,627 45,350
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,224,407 1,239,363
Other taxes and social security costs 4,226 4,214
Other creditors 17,921 18,085
1,246,554 1,261,662
8 Other information
Eaton Films Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Holbein Mews
Lower Sloane Street
London
SW1W 8NN
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