COMPANY REGISTRATION NUMBER:
15420693
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Positive Sum Productions Limited |
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Filleted Unaudited Financial Statements |
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Positive Sum Productions Limited |
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Period from 17 January 2024 to 30 January 2025
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Statement of financial position |
1 |
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Notes to the financial statements |
2 |
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Positive Sum Productions Limited |
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Statement of Financial Position |
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30 January 2025
Current assets
|
Creditors: amounts falling due within one year |
6 |
1,735 |
|
------- |
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Net current liabilities |
900 |
|
---- |
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Total assets less current liabilities |
(
900) |
|
---- |
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Net liabilities |
(
900) |
|
---- |
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|
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Capital and reserves
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Called up share capital |
1 |
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Profit and loss account |
(
901) |
|
---- |
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Shareholders deficit |
(
900) |
|
---- |
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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 comprehensive income has not been delivered.
For the period ending 30 January 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 period in question in accordance with section 476
;
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The director acknowledges his 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
19 May 2026
, and are signed on behalf of the board by:
Company registration number:
15420693
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Positive Sum Productions Limited |
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Notes to the Financial Statements |
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Period from 17 January 2024 to 30 January 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons, excluding the director, employed by the company during the period amounted to nil.
5.
Debtors
|
30 Jan 25 |
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£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
835 |
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---- |
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|
6.
Creditors:
amounts falling due within one year
|
30 Jan 25 |
|
£ |
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Bank loans and overdrafts |
138 |
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Trade creditors |
352 |
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Other creditors |
1,245 |
|
------- |
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1,735 |
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------- |
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7.
Related party transactions
At the balance sheet date, the company was owed £835 from its parent company.
At the balance sheet date, the company owed a director £45.
8.
Controlling party
Positive Sum Productions Limited
is a wholly owned subsidiary of Positive Sum Labs Limited
a company incorporated in England & Wales. The registered office of the Holding company is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN
.