ACCOUNTS - Final Accounts

DURAN FILMS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-3122No description of principal activity2021-02-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09589074 2021-02-01 2022-01-31 09589074 2020-02-01 2021-01-31 09589074 2022-01-31 09589074 2021-01-31 09589074 c:Director2 2021-02-01 2022-01-31 09589074 d:CurrentFinancialInstruments 2022-01-31 09589074 d:CurrentFinancialInstruments 2021-01-31 09589074 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09589074 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 09589074 d:ShareCapital 2022-01-31 09589074 d:ShareCapital 2021-01-31 09589074 d:SharePremium 2022-01-31 09589074 d:SharePremium 2021-01-31 09589074 d:RetainedEarningsAccumulatedLosses 2022-01-31 09589074 d:RetainedEarningsAccumulatedLosses 2021-01-31 09589074 c:FRS102 2021-02-01 2022-01-31 09589074 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 09589074 c:FullAccounts 2021-02-01 2022-01-31 09589074 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure

Registered number: 09589074

DURAN FILMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

DURAN FILMS LIMITED

REGISTERED NUMBER: 09589074

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2022

		2022		2021
Note		£		£


Current assets
Stocks	4	242,276		306,410
Debtors: amounts falling due within one year	5	28,713		29,110
Cash at bank and in hand	6	408		1,847
		271,397		337,367
Creditors: amounts falling due within one year	7	(16,520)		(82,490)
Net current assets			254,877		254,877
Total assets less current liabilities			254,877		254,877

Net assets			254,877		254,877

Capital and reserves
Called up share capital	1,515	1,515
Share premium account	148,500	148,500
Profit and loss account	104,862	104,862
	254,877	254,877

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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DURAN FILMS LIMITED

REGISTERED NUMBER: 09589074

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2022.

M Hodgson

Director

The notes on pages 3 to 5 form part of these financial statements.

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DURAN FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

1.	General information

Duran Films Limited is a private company limited by shares and registered in England & Wales. The address of its registered office 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Stocks

Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans from related parties.

2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

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DURAN FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

4.	Stocks
		2022	2021
		£	£

Film production costs	242,276	306,410
	242,276	306,410

Debtors

					2022	2021
					£	£


Other debtors	28,713	29,110
	28,713	29,110

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	408	1,847
	408	1,847

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	11,018	13,418
Other taxation and social security	2	-
Other creditors	1,000	66,572
Accruals and deferred income	4,500	2,500
	16,520	82,490

8.	Related party transactions
	At the reporting date £12,000 (2021: £77,572) was due to Ad Hoc Films Limited, a company of which D Glynn and M Hodgson are also directors. The loan is repayable on demand and is not interest bearing.

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DURAN FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

9.	Controlling party

Throughout the current and preceeding period, the company was under the control of the directors by virtue of their shareholding.

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