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STEPHEN GARRETT PRODUCTIONS
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Stephen Garrett Productions is a private unlimited company incorporated in England and Wales with its registered office at 2nd Floor Connaught House 1-3 Mount Street, London, W1K 3NB.
The principal activity of the Company is that of motion picture production.
The Company's functional and presentational currency is £ Sterling.
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 following principal accounting policies have been applied:
The financial statements have been prepared on a going-concern basis. At the reporting date, the Company had net liabilities of £4,599 (2024 - £2,663). This deficit is funded by a loan of £13,036 (2024 - £8,837) from a company under common control, included in other creditors falling due within one year. The director has confirmed that this support will continue for at least twelve months from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare the financial statements on a going-concern basis.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Short-term debtors are measured at the transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions.
Short-term creditors are measured at the transaction price.
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