- The company is a private company limited by shares and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Average number of employees
The average number of persons employed by the company in the period was 0 (previous period: 0).
Directors advances, credits and guarantees
There were no advances, credits, or guarantees granted to the directors during the period.
Contingent Liabilities
There were no financial guarantees or commitments, either ongoing or entered into during the period.
Off Balance Sheet Arrangements
The company had no off-balance sheet arrangements at year-end or at any stage during the period.
Additional Disclosures
Going Concern
In preparing the annual accounts, the directors confirm that they believe the company can continue as a
going concern for at least the next 12 months from the date of these accounts. The Directors have
confirmed their intention to support the continued operation of the business.
Restatement of Prior Year Comparatives
During the year ended 31 December 2024, the directors identified a prior year misstatement in the share premium reserve due to missing bank transactions. The 2023 comparatives have been restated accordingly, with adjustments made to inter-company balances and related expenses to align with IFRS.
Related Party Transactions
As at 31 December 2024, the Company had outstanding loan balances with related parties. The Company had advanced a loan of £49,000 to Appy Ventures Productions Limited and had received a loan of £30,000 from Archer Ventures Limited. These transactions are part of the normal course of business and are unsecured.