COMPANY REGISTRATION NUMBER:
13361646
|
Heroes in Training Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Heroes in Training Limited |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Stocks |
7,108,285 |
5,554,755 |
|
Debtors |
5 |
3,840 |
6,085 |
|
Cash at bank and in hand |
1,390 |
4,080 |
|
------------ |
------------ |
|
7,113,515 |
5,564,920 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
7,128,282 |
5,572,198 |
|
------------ |
------------ |
|
Net current liabilities |
14,767 |
7,278 |
|
-------- |
------- |
|
Total assets less current liabilities |
(
14,767) |
(
7,278) |
|
-------- |
------- |
|
Net liabilities |
(
14,767) |
(
7,278) |
|
-------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
(
14,768) |
(
7,279) |
|
-------- |
------- |
|
Shareholder deficit |
(
14,767) |
(
7,278) |
|
-------- |
------- |
|
|
|
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 member has 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
24 December 2025
, and are signed on behalf of the board by:
Company registration number:
13361646
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Heroes in Training Limited |
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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, HA3 0AN, England.
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.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from estimates. The directors do not believe there are any key sources of estimation, uncertainty or critical judgements. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stock relates to direct production costs incurred on the production of the television series during the period. The costs are recorded at the lower of costs and net realisable value, and are net of Value Added Tax.
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.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
3,840 |
6,085 |
|
------- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
5,854 |
6,001 |
|
Production advances |
7,112,178 |
5,559,847 |
|
Other creditors |
10,250 |
6,350 |
|
------------ |
------------ |
|
7,128,282 |
5,572,198 |
|
------------ |
------------ |
|
|
|
7.
Related party transactions
The Company repaid loans of £29,853 to companies under common control. Interest of £4,865 (2024: £4,865) has been incurred on the loans. At the balance sheet date £756,067 (2024: £781,055) is due to the related parties.