1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-29 Sage Accounts Production Advanced 2023 - FRS102_2023 4,237 4,237 767 767 3,470 xbrli:pure xbrli:shares iso4217:GBP NI716379 2024-05-29 2025-05-31 NI716379 2025-05-31 NI716379 2024-05-28 NI716379 bus:Director1 2024-05-29 2025-05-31 NI716379 core:WithinOneYear 2025-05-31 NI716379 core:ShareCapital 2025-05-31 NI716379 core:RetainedEarningsAccumulatedLosses 2025-05-31 NI716379 bus:SmallEntities 2024-05-29 2025-05-31 NI716379 bus:AuditExemptWithAccountantsReport 2024-05-29 2025-05-31 NI716379 bus:SmallCompaniesRegimeForAccounts 2024-05-29 2025-05-31 NI716379 bus:PrivateLimitedCompanyLtd 2024-05-29 2025-05-31 NI716379 bus:FullAccounts 2024-05-29 2025-05-31 NI716379 core:ComputerEquipment 2024-05-29 2025-05-31 NI716379 core:ComputerEquipment 2025-05-31
COMPANY REGISTRATION NUMBER: NI716379

Northern Passage Productions Ltd

Filleted Unaudited Financial Statements

31 May 2025

Northern Passage Productions Ltd

Balance Sheet

31 May 2025

| 31 May 25
Note | £

Fixed assets

Tangible assets | 5 | 3,470

Current assets

Debtors | 6 | 9,094
Cash at bank and in hand | 15,365
| --------
| 24,459

Creditors: amounts falling due within one year | 7 | 16,350
| --------
Net current assets | 8,109
| --------
Total assets less current liabilities | 11,579
| --------
Net assets | 11,579
| --------

Capital and reserves

Called up share capital | 200
Profit and loss account | 11,379
| --------
Shareholder funds | 11,579
| --------

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 comprehensive income has not been delivered.
For the period ending 31 May 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 member has not required the company to obtain an audit of its financial statements for the period 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 .

Northern Passage Productions Ltd

Balance Sheet (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 24 February 2026 , and are signed on behalf of the board by:

Elsa Carlisle |
Director |

Company registration number: NI716379

Northern Passage Productions Ltd

Notes to the Financial Statements

Period from 29 May 2024 to 31 May 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 1 Rosganna Works, 42 Trailcock Road, Carrickfergus, BT38 7NU.
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
/he 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. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year .
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:

| Computers | - | 33% straight line

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 .
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares .
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets

| Computers
| £
Cost |
At 29 May 2024 | –
Additions | 4,237
| -------
At 31 May 2025 | 4,237
| -------
Depreciation |
At 29 May 2024 | –
Charge for the period | 767
| -------
At 31 May 2025 | 767
| -------
Carrying amount |
At 31 May 2025 | 3,470
| -------

6. Debtors

| 31 May 25
| £
Trade debtors | 4,480
Other debtors | 4,614
| -------
| 9,094
| -------

7. Creditors: amounts falling due within one year

| 31 May 25
| £
Trade creditors | 1,224
Corporation tax | 12,384
Other creditors | 2,742
| --------
| 16,350
| --------

8. Financial instruments
The carrying amount for each category of financial instrument is as follows:

| 31 May 25
| £

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss | 15,365
| --------