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Registered number: 13662768














SHIVA FILMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
SHIVA FILMS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4

 
SHIVA FILMS LIMITED
REGISTERED NUMBER:13662768

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Current assets
  

Work in progress
 4 
-
16,869,149

Debtors: amounts falling due within one year
 5 
4,024,123
152,794

Cash at bank and in hand
  
1,784
165,550

Current liabilities
  
4,025,907
17,187,493

Creditors: amounts falling due within one year
 6 
(4,005,808)
(17,239,888)

Net assets/(liabilities)
  
20,099
(52,395)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
19,999
(52,495)

  
20,099
(52,395)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2025.




A Dalmia
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
SHIVA FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Shiva Films Limited is a limited company registered in England and Wales, with its principal place of business and registered office address at Suite F, 1-3 Canfield Place, London, NW6 3BT.
The prinicipal activity of the Company is that of a motion picture production. 
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Revenue from the sale of film rights is recognised when the film is complete, the significant risks and rewards of ownership of the rights have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow   to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably

These conditions are considered to be met at the point that the film is delivered.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.4

Work in Progress

Project costs carried forward under work in progress, represent costs incurred on projects during the period until when they are complete and delivered, such costs are stated at the lower of cost and estimated net reaslisable value.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 2

 
SHIVA FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less, and bank overdrafts.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2023 - 2).


4.


Work in Progress

2024
2023
£
£

Project costs
-
16,869,149



5.


Debtors

2024
2023
£
£

Other debtors
31,302
152,794

Tax recoverable
3,992,821
-

4,024,123
152,794



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,959,306
3,120,806

Other creditors
864,502
14,116,082

Accruals and deferred income
182,000
3,000

4,005,808
17,239,888


Page 3

 
SHIVA FILMS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2024 was unqualified.

The audit report was signed on 17 June 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 4