Blue Story Limited Filleted accounts for Companies House (small and micro)
Blue Story Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11634291
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Current assets
Debtors |
5 |
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Cash at bank and in hand |
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------- |
------- |
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Creditors: amounts falling due within one year |
6 |
(
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(
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------- |
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Net current assets |
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---- |
---- |
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Total assets less current liabilities |
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---- |
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Net assets |
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---- |
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Capital and reserves
Called up share capital |
7 |
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---- |
---- |
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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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts were approved by the
board of directors
and authorised for issue on
12 January 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
11634291
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Notes to the Accounts |
Year ended 21 October 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 10 Orange Street, London, WC2H 7DQ.
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, as noted in "Turnover" above.
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
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.
Employees
The company has been incorporated to produce a film called "Blue Story". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed. None of the Directors received any form of remuneration.
5.
Debtors
2021 |
2020 |
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£ |
£ |
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VAT recoverable |
6,486 |
– |
Other debtors |
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---- |
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---- |
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6.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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– |
Accruals and deferred income |
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------- |
------- |
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------- |
------- |
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The loan has been secured against the anticipated future film tax credit.
7.
Called up share capital
Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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8.
Contingent liabilities
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Blue Story
9.
Related party transactions
All transactions related to the production of the film "Blue Story" 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.