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REGISTERED NUMBER: 14464894 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Reggae Girlz Films Limited

Reggae Girlz Films Limited (Registered number: 14464894)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reggae Girlz Films Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: J D Alwen
L J Wallace





REGISTERED OFFICE: 11 Court Lane Gardens
London
SE21 7DZ





REGISTERED NUMBER: 14464894 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Reggae Girlz Films Limited (Registered number: 14464894)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 644 -

CURRENT ASSETS
Stocks 5 - 417,802
Debtors 6 384,887 28,107
Cash at bank 527,573 7,194
912,460 453,103
CREDITORS
Amounts falling due within one year 7 1,970,669 454,301
NET CURRENT LIABILITIES (1,058,209 ) (1,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,057,565

)

(1,198

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,057,567 ) (1,200 )
(1,057,565 ) (1,198 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Reggae Girlz Films Limited (Registered number: 14464894)

Balance Sheet - continued
30 November 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





L J Wallace - Director


Reggae Girlz Films Limited (Registered number: 14464894)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Reggae Girlz Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost

Work in progress
Work in progress, representing completed programmes and productions in progress, include an attributable portion of overheads and are stated at the lower of cost and net realisable value. Production costs are released to the profit and loss account based on the stage of completion of programme, at which time the turnover is also recognised.
Any expected losses arising on productions in progress are recognised immidiately.

Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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
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.

Reggae Girlz Films Limited (Registered number: 14464894)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Creditors
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at fair value, net of any transaction costs, and subsequently measured at amortised cost determined using the effective interest method.

Cost recognition
Development costs are generally expensed as incurred to the income statement. Where development funding has been received, the revenue is recognised on a cost-plus basis. However, if a firm commitment exists which indicates that current and future expenses will be recoverable, development costs are capitalised in the costs of a programme. These costs are capitalised in WIP as a part of a specific project expected to be set for production.

Production costs are ordinarily accumulated by individual programmes in four chronological steps: acquisition of story rights; pre-production (which includes script development, costume design, set design, and construction); principal photography (which includes shooting the production); and post-production (which includes sound synchronisation and editing); culminating in the completed master negative. All costs are capitalised to Work in Progress (WIP) until the point at which the WIP balance is recognised or consumed on the income statement, generally as delivery of the episodes occurs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 658
At 30 November 2024 658
DEPRECIATION
Charge for year 14
At 30 November 2024 14
NET BOOK VALUE
At 30 November 2024 644

5. STOCKS
30.11.24 30.11.23
£    £   
Work-in-progress - 417,802

Reggae Girlz Films Limited (Registered number: 14464894)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors - 2
Directors' current accounts 51,382 -
Tax 172,558 -
VAT 160,947 28,105
384,887 28,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 10,306 2,912
Other creditors 1,956,863 450,189
Accruals and deferred income 3,500 1,200
1,970,669 454,301

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the amount of £51,382 was owed by the directors. This balance was interest-free, and was fully repaid within nine months of the year end.

9. RELATED PARTY DISCLOSURES

During the period no related-party transactions took place. All transactions related to the production of the film "Reggae Girlz'' and arose on an arm's-length basis through the normal course of business.
No transactions with related parties were undertaken such as are required to be disclosed under FRS102.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are considered to be Jonathan Alwen and Lucy Wallace by virtue of their shareholding.