Binary Star Films Limited Filleted accounts for Companies House (small and micro)

BINARY STAR FILMS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10850701

Binary Star Films Limited

Filleted Unaudited Financial Statements

31 August 2021

Binary Star Films Limited

Statement of Financial Position

31 August 2021

	2021	2020
Note	£	£

Current assets

Debtors	4	40	40
Cash at bank and in hand		729	2,392
		----	-------
		769	2,432
		----	-------
Net current assets		769	2,432
		----	-------
Total assets less current liabilities		769	2,432

Creditors: amounts falling due after more than one year	5	749	2,412
		----	-------
Net assets		20	20
		----	-------

Capital and reserves

Called up share capital	6	20	20
		----	----
Shareholders funds		20	20
		----	----

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 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 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 26 August 2022 , and are signed on behalf of the board by:

LR Roeg

Director

Company registration number: 10850701

Binary Star Films Limited

Notes to the Financial Statements

Year ended 31 August 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Second Floor, Riverside Offices, 26 St George's Quay, Lancaster, Lancashire, LA1 1RD, 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.

Significant estimation technique adopted

Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2021	2020
	£	£
Trade debtors	20	20
Other debtors	20	20
	----	----
	40	40
	----	----

5. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Other creditors	749	2,412
	----	-------

6. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	20	20	20	20
	----	----	----	----

Shares issued and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	20	20	20	20
	----	----	----	----

Shares issued and partly paid

2021		2020
No.	£	No.	£

7. Contingencies

Charges have been made against the film in favour of the following parties to secure their interest in the copyright of and title to the film: Ellenglaze Films Limited The Wellcome Trust Limited Film Finance, Inc LIP Sync Productions LLP Gorean Films Limited The British Film Institute British Broadcasting Corporation

8. Related party transactions

During the year no related-party transactions took place. All transaction related to the production of the film "Out of Blue" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

9. Controlling party

In the opinion of the directors the company is under the control of Ellenglaze Films Limited .