Registration number: 13917838

Westway 77 Pictures Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

Westway 77 Pictures Limited

Company Information

Director

Mr S J G Cellan-Jones

Registered office

Laurel Farm West Pennard Sticklinch BA68 8NA

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Westway 77 Pictures Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	9,919	5,211
Current assets
Debtors	5	183,870	-
Cash at bank and in hand		895,409	401,845
		1,079,279	401,845
Creditors: Amounts falling due within one year	6	(337,896)	(53,673)
Net current assets		741,383	348,172
Net assets		751,302	353,383
Capital and reserves
Called up share capital		100	100
Retained earnings		751,202	353,283
Shareholders' funds		751,302	353,383

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Westway 77 Pictures Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 23 September 2025
 

.........................................

Mr S J G Cellan-Jones

Director

Company registration number: 13917838

Westway 77 Pictures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Laurel Farm
West Pennard
Sticklinch
BA68 8NA

The principal activity of the company is provision of directing services for film and television.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company had net assets at 31st December 2024 amounting to £751,556 including cash in bank of £895,409.

The company has few fixed overheads and the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. The company recognises revenue when it has fulfilled the contractual obligation under its service contracts based on the stage of completion. Revenue is shown net of sales/value added tax, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Westway 77 Pictures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant, machinery and equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

Westway 77 Pictures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Plant, machinery and equipment £	Total £
Cost or valuation
At 1 January 2024	7,833	7,833
Additions	8,888	8,888
At 31 December 2024	16,721	16,721
Depreciation
At 1 January 2024	2,622	2,622
Charge for the year	4,180	4,180
At 31 December 2024	6,802	6,802
Carrying amount
At 31 December 2024	9,919	9,919
At 31 December 2023	5,211	5,211

5

Debtors

	2024 £	2023 £
Other debtors	183,870	-
	183,870	-

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Taxation and social security	277,385	19,519
Accruals and deferred income	35,873	7,750
Other creditors	24,638	26,404
	337,896	53,673