ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 10639365

DOUBLE P PRODUCTIONS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

DOUBLE P PRODUCTIONS LTD

REGISTERED NUMBER: 10639365

STATEMENT OF FINANCIAL POSITION

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Tangible Fixed Assets	5		2,308		3,795
			2,308		3,795
Current assets
Cash at bank and in hand		47,422		80,590
		47,422		80,590
Creditors: amounts falling due within one year	6	(19,848)		(47,147)
Net current assets			27,574		33,443
Total assets less current liabilities			29,882		37,238

Net assets			29,882		37,238

Capital and reserves
Called up share capital	10	10
Profit and loss account	29,872	37,228
	29,882	37,238

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2025.

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DOUBLE P PRODUCTIONS LTD

REGISTERED NUMBER: 10639365

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 28 FEBRUARY 2025

P Pandolpho

Director

The notes on pages 3 to 6 form part of these financial statements.

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DOUBLE P PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Double P Productions Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS and the principal place of business is Flat 3, 96 Tottenham Road, London N1 4DP.

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Foreign currency translation

The Company's functional and presentational currency is GBP.

2.3

Revenue

Revenue is recognised by the company in respect of editing services in the period in which the work is delivered to entertainment and production companies.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Taxation

Tax is recognised in the Statement of income and retained earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

2.6

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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DOUBLE P PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method..

Depreciation is provided on the following basis:

				Office equipment	-	33%	straight-line
				Computer equipment	-	33%	straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short term creditors are measured at the transaction price.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies 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 for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
There has been no judgements or estimates to make in applying accounting policies this year.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

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DOUBLE P PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

5.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 March 2024	482	7,912	8,394
Additions	-	1,519	1,519
Disposals	-	(916)	(916)
At 28 February 2025	482	8,515	8,997
Depreciation
At 1 March 2024	80	4,519	4,599
Charge for the year on owned assets	161	2,260	2,421
Disposals	-	(331)	(331)
At 28 February 2025	241	6,448	6,689
Net book value
At 28 February 2025	241	2,067	2,308
At 29 February 2024	402	3,393	3,795

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DOUBLE P PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Trade creditors	77	2,162
Corporation tax	13,358	34,104
Other taxation and social security	1,693	7,013
Other creditors	441	868
Accruals	4,279	3,000
	19,848	47,147

7.	Related party transactions
	At the reporting date, the company owed £441 to P Pandolpho, the director of the company. (2024 - £868)

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