COMPANY REGISTRATION NUMBER:
13273197
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Debtors |
4 |
587 |
15,930 |
|
Cash at bank and in hand |
3,468 |
26,758 |
|
------- |
-------- |
|
4,055 |
42,688 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
2,000 |
3,000 |
|
------- |
-------- |
|
Net current assets |
2,055 |
39,688 |
|
------- |
-------- |
|
Total assets less current liabilities |
2,055 |
39,688 |
|
------- |
-------- |
|
Net assets |
2,055 |
39,688 |
|
------- |
-------- |
|
|
|
|
Capital and reserves
|
Profit and loss account |
2,055 |
39,688 |
|
------- |
-------- |
|
Shareholders funds |
2,055 |
39,688 |
|
------- |
-------- |
|
|
|
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.
Director's 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 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
18 December 2025
, and are signed on behalf of the board by:
|
Ms Gabrielle Tana |
|
|
Director |
|
|
|
Company registration number:
13273197
|
Notes to the Financial Statements |
|
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 99 Kenton Road, Harrow, Middlesex, HA3 0AN.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
587 |
15,930 |
|
---- |
-------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
2,000 |
3,000 |
|
------- |
------- |
|
|
|
6.
Contingencies
The company received financing for the production of the film. The financing plus a premium is repayable to the financiers, but such amount is only payable when sufficient income is generated from the exploitation of the film.
7.
Related party transactions
During the year, the company repaid Nil (2024: £136,282) to Magnolia Mae Films Limited (MMFL), a company also controlled by Ms. Gabrielle Tana. The company also received distribution income from the exploitation of the film Cottontail of which Nil (2024: £15,927) was paid to MMFL. The balance due to MMFL Nil (2024: £118,353) was treated as income in the prior year.
8.
Controlling party
The company was under the control of
Ms. Gabrielle Tana
throughout the period. Ms. Tana is the managing director and majority shareholder.