GRAND PHOTOGRAPHY PRODUCTIONS LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08898599

Unaudited Financial Statements for the Year Ended 28 February 2022

for

GRAND PHOTOGRAPHY PRODUCTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T FAINBURGH

SECRETARY:

REGISTERED OFFICE:

MOWBRAY HOUSE

58-70 EDGWARE WAY

EDGWARE

LONDON

HA8 8DJ

REGISTERED NUMBER:

08898599

ACCOUNTANTS:

Cohen & Co. Accountants

DATASOFT ACCOUNTING SERVICES LTD

129 STATION ROAD

London

NW4 4NJ

FIXED ASSETS

Tangible assets

4

34,450

32,604

Investments

5

50,000

50,000

84,450

82,604

CURRENT ASSETS

Debtors

6

(1,502

)

213

Cash at bank and in hand

103,198

22,624

101,696

22,837

CREDITORS

Amounts falling due within one year

7

24,806

(8,324

)

NET CURRENT ASSETS

76,890

31,161

TOTAL ASSETS LESS CURRENT LIABILITIES

161,340

113,765

CREDITORS

Amounts falling due after more than one year

8

46,043

50,000

NET ASSETS

115,297

63,765

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Retained earnings

80,297

28,765

SHAREHOLDERS' FUNDS

115,297

63,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2022 and were signed by:

T FAINBURGH - Director

1.	STATUTORY INFORMATION

GRAND PHOTOGRAPHY PRODUCTIONS LTD is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

36,848

Additions

3,116

At 28 February 2022

39,964

DEPRECIATION

At 1 March 2021

4,244

Charge for year

1,270

At 28 February 2022

5,514

NET BOOK VALUE

At 28 February 2022

34,450

At 28 February 2021

32,604

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2021

and 28 February 2022

50,000

NET BOOK VALUE

At 28 February 2022

50,000

At 28 February 2021

50,000

6.

DEBTORS

28.2.22

28.2.21

£

£

Amounts falling due within one year:

Other debtors

(33,250

)

(27,250

)

Amounts falling due after more than one year:

Other debtors

31,748

27,463

Aggregate amounts

(1,502

)

213

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans and overdrafts

13,543

-

Trade creditors

-

(2

)

Taxation and social security

22,144

17,434

Other creditors

(10,881

)

(25,756

)

24,806

(8,324

)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans

46,043

50,000