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TIGER TEA PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Tiger Tea Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 339 Upper Street, London, N1 0PB.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue comprises recoupable but non refundable production funding receivable from the project partners and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due. Where production funds received exceed costs incurred to date, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred. At this point the deferred income is released to the Statement of Income and Retained Earnings.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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