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Company registration number: 13721049
STARLING FILM LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 November 2024
STARLING FILM LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
STARLING FILM LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr C M Stanfield
Company number 13721049
Registered office 71-75 Shelton Street
London
WC2H 9JQ
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
STARLING FILM LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STARLING FILM LIMITED
YEAR ENDED 30TH NOVEMBER 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 Starling Film Limited for the year ended 30 November 2024 which comprise the statement of financial position, statement of changes in equity and 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 http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Starling Film Limited, as a body, in accordance with the terms of our engagement letter dated 9 March 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Starling Film Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Starling Film Limited and its director as a body for our work or for this report.
It is your duty to ensure that Starling Film 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 profit of Starling Film Limited. You consider that Starling Film 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 Starling Film 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
9 May 2025
STARLING FILM LIMITED
STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 46,909 59,987
_______ _______
46,909 59,987
Current assets
Debtors 6 128,195 4,200
Cash at bank and in hand 133,206 241,608
_______ _______
261,401 245,808
Creditors: amounts falling due
within one year 7 ( 89,215) ( 81,474)
_______ _______
Net current assets 172,186 164,334
_______ _______
Total assets less current liabilities 219,095 224,321
Creditors: amounts falling due
after more than one year 8 ( 21,101) ( 24,633)
Provisions for liabilities ( 8,342) ( 14,645)
_______ _______
Net assets 189,652 185,043
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 189,552 184,943
_______ _______
Shareholder funds 189,652 185,043
_______ _______
For the year ending 30 November 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 May 2025 , and are signed on behalf of the board by:
Mr C M Stanfield
Director
Company registration number: 13721049
STARLING FILM LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30TH NOVEMBER 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2022 100 31,057 31,157
Profit for the year 227,786 227,786
_______ _______ _______
Total comprehensive income for the year - 227,786 227,786
Dividends paid and payable ( 73,900) ( 73,900)
_______ _______ _______
Total investments by and distributions to owners - ( 73,900) ( 73,900)
_______ _______ _______
At 30 November 2023 and 1 December 2023 100 184,944 185,044
Profit for the year 99,608 99,608
_______ _______ _______
Total comprehensive income for the year - 99,608 99,608
Dividends paid and payable ( 95,000) ( 95,000)
_______ _______ _______
Total investments by and distributions to owners - ( 95,000) ( 95,000)
_______ _______ _______
At 30 November 2024 100 189,552 189,652
_______ _______ _______
STARLING FILM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH NOVEMBER 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 71-75 Shelton Street, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2023 13,242 51,925 65,167
Additions 849 - 849
_______ _______ _______
At 30 November 2024 14,091 51,925 66,016
_______ _______ _______
Depreciation
At 1 December 2023 1,935 3,245 5,180
Charge for the year 1,757 12,170 13,927
_______ _______ _______
At 30 November 2024 3,692 15,415 19,107
_______ _______ _______
Carrying amount
At 30 November 2024 10,399 36,510 46,909
_______ _______ _______
At 30 November 2023 11,307 48,680 59,987
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 48,840 -
Other debtors 79,355 4,200
_______ _______
128,195 4,200
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 3,532 3,439
Trade creditors 19,571 2,216
Corporation tax 35,241 56,473
Social security and other taxes 20,661 10,345
Other creditors 10,210 9,001
_______ _______
89,215 81,474
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 21,101 24,633
_______ _______
9. Directors 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 Amounts repaid Balance o/standing
£ £ £ £
Mr C M Stanfield ( 388) - 636 248
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr C M Stanfield ( 6) ( 382) - ( 388)
_______ _______ _______ _______