COMPANY REGISTRATION NUMBER:
14499278
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Parting Song Film Limited |
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Filleted Unaudited Financial Statements |
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Parting Song Film Limited |
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Statement of Financial Position |
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30 June 2025
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30 Jun 25 |
30 Nov 24 |
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Note |
£ |
£ |
|
|
|
Current assets
|
Stocks |
– |
160,241 |
|
Debtors |
5 |
20,397 |
97 |
|
-------- |
--------- |
|
20,397 |
160,338 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
20,396) |
(
160,337) |
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-------- |
--------- |
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Net current assets |
1 |
1 |
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---- |
---- |
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Total assets less current liabilities |
1 |
1 |
|
---- |
---- |
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Net assets |
1 |
1 |
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---- |
---- |
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|
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Capital and reserves
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Called up share capital |
7 |
1 |
1 |
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---- |
---- |
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Shareholders funds |
1 |
1 |
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---- |
---- |
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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 period ending 30 June 2025 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 period in question in accordance with section 476
;
-
The director acknowledges her 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 October 2025
, and are signed on behalf of the board by:
Company registration number:
14499278
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Parting Song Film Limited |
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Notes to the Financial Statements |
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Period from 1 December 2024 to 30 June 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sky View House, 10 St. Neots Road, Sandy, Bedfordshire, SG19 1LB, United Kingdom.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Signification estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production.
Comparatives
The current period accounts cover the period from 01/12/2024 to 31/06/2025 and the prior period accounts cover the year to 30/11/2024 hence the amounts are not entirely comparable. The period has been shortened to align with the stages of production.
Revenue recognition
Turnover relates to the production of the film entitled "Parting Song". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts. other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employees
The company has been incorporated to produce a film called "Parting Song". In common with film and televisor industry the majority of crew are hired on short term contracts for the duration of principal photograph or are self employed.
None of the directors received any form of remuneration.
5.
Debtors
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30 Jun 25 |
30 Nov 24 |
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£ |
£ |
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VAT recoverable |
396 |
96 |
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Other debtors |
20,001 |
1 |
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-------- |
---- |
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20,397 |
97 |
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-------- |
---- |
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|
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6.
Creditors:
amounts falling due within one year
|
30 Jun 25 |
30 Nov 24 |
|
£ |
£ |
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Bank loans and overdrafts |
121 |
20 |
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Accruals and deferred income |
10,000 |
– |
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Other creditors |
10,275 |
160,317 |
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-------- |
--------- |
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20,396 |
160,337 |
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-------- |
--------- |
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|
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7.
Called up share capital
Issued, called up and fully paid
|
30 Jun 25 |
30 Nov 24 |
|
No. |
£ |
No. |
£ |
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Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
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---- |
---- |
---- |
---- |
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8.
Contingent liabilities
Charges have been made against film in favour of the following parties to secure their interest in the copyright of and title to the film: Compagnie Pour Le Financement Des Loisirs S.A.
9.
Related party transactions
During the year no related-party transactions took place. All transactions related to the production of the film "Parting Song" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.