Archery Pictures Limited Filleted accounts for Companies House (small and micro)
Archery Pictures Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09203926
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
(
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(
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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Statement of Financial Position (continued) |
These accounts were approved by the
board of directors
and authorised for issue on
5 December 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
09203926
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Notes to the Accounts |
Year ended 31 December 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 3 Archery Close, London, W2 2BE, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 film production, as noted in "Revenue Recognition" below.
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.
Revenue recognition
Income tax
Foreign currencies
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in joint ventures
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2020:
10
).
5.
Tangible assets
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2021 |
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Additions |
– |
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At 31 December 2021 |
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Depreciation |
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At 1 January 2021 |
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Charge for the year |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
– |
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At 31 December 2020 |
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6.
Investments
Shares in group undertakings |
Shares in participating interests |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2021 and 31 December 2021 |
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Impairment |
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At 1 January 2021 and 31 December 2021 |
– |
– |
– |
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---- |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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7.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments and accrued income |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Corporation tax |
– |
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Social security and other taxes |
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Dividends payable |
– |
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Other creditors |
– |
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9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021 |
2020 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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10.
Contingent liabilities
11.
Related party transactions
During the year no related-party transactions took place. All transactions related to the productions in the year 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.
12.
Controlling party
In the opinion of the directors the controlling party is
S C S Thykier
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