ACCOUNTS - Final Accounts preparation

Registered number: 11879965

NORAH FILMS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

NORAH FILMS LTD

REGISTERED NUMBER: 11879965

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		503		1,202
			503		1,202
Current assets
Debtors: amounts falling due within one year	5	16,141		20,665
Cash at bank and in hand	6	6,942		7,366
		23,083		28,031
Creditors: amounts falling due within one year	7	(23,499)		(28,512)
Net current liabilities			(416)		(481)
Total assets less current liabilities			87		721

Net assets			87		721

Capital and reserves
Called up share capital	10	10
Profit and loss account	77	711
	87	721

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NORAH FILMS LTD

REGISTERED NUMBER: 11879965

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 9 December 2025.

H Ashworth

Director

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

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NORAH FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Norah Films Ltd is a private company limited by shares and is registered in England & Wales. The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

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

Revenue

Revenue comprises of fees recievable from script writing services and is recognised by the company in the period the service takes place. Revenue is measured as the fair value of consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Taxation

Tax is recognised in profit or loss and 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 income.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

Computer equipment

25%

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.

2.5

Debtors

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

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NORAH FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

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.

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

2.9

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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NORAH FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2024	2,797
	At 31 March 2025	2,797
	Depreciation
	At 1 April 2024	1,595
	Charge for the year on owned assets	699
	At 31 March 2025	2,294
	Net book value
	At 31 March 2025	503
	At 31 March 2024	1,202

Debtors

					2025	2024
					£	£


Other debtors	16,141	20,665
	16,141	20,665

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	6,942	7,366
	6,942	7,366

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NORAH FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	5,626	3,802
Corporation tax	10,781	19,710
Other taxation and social security	1,392	-
Accruals and deferred income	5,700	5,000
	23,499	28,512

8.	Related party transactions
	At the reporting date, £2,171 (2024: £5,703) was due from J Ashworth, a director of the company. This amount is unsecured, repayable on demand and bears interest at 2.25% (2024: 2.25%). At the reporting date, £13,970 (2024: £14,520) was due from H Ashworth, a director of the company. This amount is unsecured, repayable on demand and bears interest at 2.25% (2024: 2.25%).

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