Joabri Productions Limited - Period Ending 2021-12-31

Joabri Productions Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

Joabri Productions Limited

Company Information

Directors

B C Cooke B Cooke Jr J Pilgrim

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Joabri Productions Limited

Statement of Financial Position as at 31 December 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	5,669	5,620
Current assets
Debtors	5	88,290	79,275
Cash at bank and in hand		665,523	451,697
		753,813	530,972
Creditors: Amounts falling due within one year	6	(276,121)	(236,575)
Net current assets		477,692	294,397
Net assets		483,361	300,017
Capital and reserves
Called up share capital		100	100
Retained earnings		483,261	299,917
Shareholders' funds		483,361	300,017

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 29 September 2022 and signed on its behalf by:
 

.........................................

B C Cooke

Director

Company registration number: 01331562

Joabri Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of services to the entertainment industry.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company made a profit for the year ended 31 December 2021 and had net assets of £483,361 at that date.

The director has considered the potential effect of the current COVID-19 crisis and, although there is no certainty as to whether there will be ongoing effects, the director's view is that the impact will be manageable. The company earns its fees from royalties arising from the airing of repeats of previously produced productions that are not affected by the crisis. With the resources that the company has arising from B C Cooke's long career in film and television, the company is well placed to weather the crisis.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the
ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and
discounts.

Royalty income is recognised in the period in which it is earned as notified by third parties on an accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the
transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective
functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried
at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair
value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Joabri Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings & equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2020 - 0).

Joabri Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2021	46,396	46,396
Additions	1,558	1,558
At 31 December 2021	47,954	47,954
Depreciation
At 1 January 2021	40,776	40,776
Charge for the year	1,509	1,509
At 31 December 2021	42,285	42,285
Carrying amount
At 31 December 2021	5,669	5,669
At 31 December 2020	5,620	5,620

5

Debtors

	2021 £	2020 £
Trade debtors	-	19
Other debtors	88,290	79,256
	88,290	79,275

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Taxation and social security	47,347	5,823
Other creditors	228,774	230,752
	276,121	236,575