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COMPANY REGISTRATION NUMBER: 05277468
JOYRIDER FILMS LIMITED
Filleted Unaudited Financial Statements
31 December 2024
JOYRIDER FILMS LIMITED
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
20,008
23,539
Current assets
Debtors
6
8,235
2,300
Cash at bank and in hand
404,996
430,591
---------
---------
413,231
432,891
Creditors: amounts falling due within one year
7
35,600
49,819
---------
---------
Net current assets
377,631
383,072
---------
---------
Total assets less current liabilities
397,639
406,611
---------
---------
Net assets
397,639
406,611
---------
---------
Capital and reserves
Called up share capital
199
199
Share premium account
29,796
29,796
Capital redemption reserve
110
110
Profit and loss account
367,534
376,506
---------
---------
Shareholders funds
397,639
406,611
---------
---------
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 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.
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 29 August 2025 , and are signed on behalf of the board by:
S B Friend
Director
JOYRIDER FILMS LIMITED
Notes to the Financial Statements
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 Studio HR-0-31, Thames Side Studios, 124-150 Hackney Road, London, E2 7QS.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Equipment
-
15% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
4,668
109,546
114,214
-------
---------
---------
Depreciation
At 1 January 2024
3,254
87,421
90,675
Charge for the year
212
3,319
3,531
-------
---------
---------
At 31 December 2024
3,466
90,740
94,206
-------
---------
---------
Carrying amount
At 31 December 2024
1,202
18,806
20,008
-------
---------
---------
At 31 December 2023
1,414
22,125
23,539
-------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
8,235
Prepayments and accrued income
2,300
-------
-------
8,235
2,300
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,762
7,939
Accruals and deferred income
7,784
7,513
Corporation tax
16,655
28,722
Social security and other taxes
2,301
5,194
Shares classed as financial liabilities
1
1
Director loan accounts
97
450
--------
--------
35,600
49,819
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
S B Friend
( 450)
353
( 97)
----
----
----
----
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
S B Friend
( 209)
( 241)
( 450)
----
----
----
----