COMPANY REGISTRATION NUMBER:
8443055
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Digital Drama Productions Limited |
|
|
Filleted Unaudited Financial Statements |
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Digital Drama Productions Limited |
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Statement of Financial Position |
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31 March 2025
Current assets
|
Debtors |
6 |
2 |
115 |
|
Cash at bank and in hand |
7,092 |
5,344 |
|
------- |
------- |
|
7,094 |
5,459 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
83,732 |
64,345 |
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-------- |
-------- |
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Net current liabilities |
76,638 |
58,886 |
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-------- |
-------- |
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Total assets less current liabilities |
(
76,638) |
(
58,886) |
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-------- |
-------- |
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Net liabilities |
(
76,638) |
(
58,886) |
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-------- |
-------- |
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|
|
|
Capital and reserves
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Called up share capital |
2 |
2 |
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Profit and loss account |
(
76,640) |
(
58,888) |
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-------- |
-------- |
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Shareholders deficit |
(
76,638) |
(
58,886) |
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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 year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their 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
10 December 2025
, and are signed on behalf of the board by:
Company registration number:
8443055
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Digital Drama Productions Limited |
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Notes to the Financial Statements |
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Year ended 31 March 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 2 Castle Business Village, Station Road, Hampton, Middx, TW12 2BX.
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.
Disclosure exemptions
The entity has taken advantage of the disclosure exemptions available to small entities, including the exemption from preparing a cash flow statement.
Judgements 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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The company's turnover consists of amounts invoiced, together with grants received towards its community projects. Where projects are incomplete at the accounting date, an estimated proportion is included in turnover. Any excess payments on account received are carried forward in creditors.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Equipment |
- |
33% straight line |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
3,008 |
|
------- |
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Depreciation |
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At 1 April 2024 and 31 March 2025 |
3,008 |
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------- |
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Carrying amount |
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At 31 March 2025 |
– |
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------- |
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At 31 March 2024 |
– |
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------- |
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6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
2 |
115 |
|
---- |
---- |
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7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Social security and other taxes |
1,100 |
737 |
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Other creditors |
79,873 |
60,262 |
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Other creditors |
2,759 |
3,346 |
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-------- |
-------- |
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83,732 |
64,345 |
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-------- |
-------- |
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8.
Related party transactions
In the opinion of the directors there is no one controlling party. During the year the following amounts were paid to businesses operated by the directors in respect of professional services: K Valentine £13,367 (2024:£10,666) A Ramsey £6,057 (2024:£7,143) At the year end an amount of £1,741 (2024: £2,092) was due to/(from) Kate Valentine and £(682) (2024: (£446)) to/(from) Alison Ramsey to the company.