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COMPANY REGISTRATION NUMBER: 12557257
Staged Films Ltd
Filleted Unaudited Accounts
31 December 2024
Staged Films Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Stocks
910
Debtors
5
50,663
85,652
Cash at bank and in hand
73
4,476
--------
--------
50,736
91,038
Creditors: amounts falling due within one year
6
( 50,735)
( 91,037)
--------
--------
Net current assets
1
1
----
----
Total assets less current liabilities
1
1
----
----
Capital and reserves
Called up share capital
7
1
1
----
----
Shareholders funds
1
1
----
----
These accounts 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 income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 28 July 2025 , and are signed on behalf of the board by:
J Sivers
Director
Company registration number: 12557257
Staged Films Ltd
Notes to the Accounts
Year ended 31 December 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 10 Orange Street, London, WC2H 7DQ.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, inrelation to TV services, stated net of discounts and of Value Added Tax. Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings
22,697
66,410
Other debtors
27,966
19,242
--------
--------
50,663
85,652
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2
1
Social security and other taxes
21,484
27,453
Director loan accounts
2,289
Other creditors
29,249
61,294
--------
--------
50,735
91,037
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Directors' advances, credits and guarantees
As at the balance sheet date, a director owed the company £nil (2023: £2,289)
9. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.
10. Controlling party
The ultimate parent undertaking is GCB Films Limited, a company registered in England and controlled by directors V. Glyn and R Sivers