| INDIAN STORIES LIMITED |
| Notes to the Accounts |
| for the period from 4 April 2024 to 31 March 2025 |
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| 1 |
General information |
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Indian Stories Limited is a private company limited by shares, registered in England and Wales, with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire WD6 1JD. The principal activity of the company is that of a motion picture production. The company's functional and presentational currency is £ sterling. |
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| 2 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Work in progress |
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The Company is producing the British qualifying film titled "Abir Gulaal (pka: London Thumakda)" (the Film). Film costs carried forward under work in progress represent cost incurred on the Film during the period until when they are complete and delivered, such costs are stated at the lower of costs and estimated net realisable value. |
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Debtors |
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Short term debtors are measured at the transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at the transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits. |
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| 3 |
Employees |
2025 |
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| Number |
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Number of persons engaged during UK principal photography |
40 |
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| 4 |
Debtors |
2025 |
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| £ |
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VAT receivable |
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141,068 |
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Other debtors |
819,131 |
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960,199 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
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| £ |
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Trade creditors |
1,104,692 |
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Advance for expenses |
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2,323,852 |
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Taxation and social security costs |
84,946 |
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Other creditors |
110,000 |
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3,623,490 |
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| 6 |
Controlling party |
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Mr Vivek Agrawal, the shareholder and PSC of the Company is the ultimate controlling party. |