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COMPANY REGISTRATION NUMBER: 14454729
Spice Productions Limited
Filleted Unaudited Financial Statements
30 November 2024
Spice Productions Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Current assets
Stocks
32,700
Debtors
4
( 19,885)
38,721
Cash at bank and in hand
4,871
1
--------
--------
17,686
38,722
Creditors: amounts falling due within one year
5
4,146
15,604
--------
--------
Net current assets
13,540
23,118
--------
--------
Total assets less current liabilities
13,540
23,118
--------
--------
Net assets
13,540
23,118
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
13,539
23,117
--------
--------
Shareholders funds
13,540
23,118
--------
--------
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.
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 members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:
Mr David Tickle
Director
Company registration number: 14454729
Spice Productions Limited
Notes to the Financial Statements
Year ended 30 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 99 Kenton Road, Harrow, Middlesex, HA3 0AN.
2. Statement of compliance
These financial statements 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 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
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 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.
Stocks
Stocks is work in progress and represents development costs of potential film/television productions. The costs are recorded at the lower of cost and net realisable value and are net of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost .
4. Debtors
2024
2023
£
£
Other debtors
( 19,885)
38,721
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
999
Social security and other taxes
3,104
Other creditors
3,147
12,500
-------
--------
4,146
15,604
-------
--------
6. Director's advances, credits and guarantees
As at the year end £1,800 was owed by the Director to the Company. The highest amount owing to the company during the year was £1,800.
7. Related party transactions
The cost of production included expenses in respect of various services provided by parties related to the director . £ 1,000 was outstanding at the balance sheet date. The company has taken advantage of the exemption conferred by FRS 102 from disclosing details of transactions with other wholly owned group companies.