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MAVERICK MOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Maverick Motion Limited is a private company limited by shares and registered in England & Wales. Thecompany's registered office is 124 Finchley Road, London, NW3 5JS and its principal place of business is 46 Highlever Road, London, W10 6PT.
2.Accounting policies
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Basis of preparation of financial statements
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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 company's functional and presentational currency is GBP.
The following principal accounting policies have been applied:
The company is showing net liabilities at the reporting date of £278,533 (2024: £277,471). In order to continue trading it is dependent on the funding it receives from the director, Mr A Semenza, who has confirmed his intention to continue to support the company for the foreseeable future.
On this basis the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the aforementioned support.
Work in progress represents the on-going costs of production of the film or television programme at the balance sheet date and is valued at the lower of cost and net realisable value.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price.
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The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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