Sister Pictures (Haji) Limited Filleted accounts for Companies House (small and micro)

SISTER PICTURES (HAJI) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11309812

Sister Pictures (Haji) Limited

Filleted Financial Statements

31 March 2021

Sister Pictures (Haji) Limited

Statement of Financial Position

31 March 2021

	2021	2020
Note	£	£

Current assets

Debtors	5	1	6,512,688
Cash at bank and in hand		–	6,236
		----	------------
		1	6,518,924

Creditors: amounts falling due within one year	6	–	( 6,518,923)
		----	------------
Net current assets		1	1
		----	----
Total assets less current liabilities		1	1
		----	----
Net assets		1	1
		----	----

Capital and reserves

Called up share capital	7	1	1
		----	----
Shareholders funds		1	1
		----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 6 January 2022 , and are signed on behalf of the board by:

D P Isaacs

Director

Company registration number: 11309812

Sister Pictures (Haji) Limited

Notes to the Financial Statements

Year ended 31 March 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 17-18 Hayward's Place, London, EC1R 0EG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 television 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

Turnover relates to the production of the television series entitled "Giri/Haji". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employees

The company has been incorporated to produce a television series called "Giri/Haji". 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
	£	£
Prepayments and accrued income	–	5,753,605
VAT recoverable	–	33,646
Corporation tax recoverable	–	725,436
Other debtors	1	1
	----	------------
	1	6,512,688
	----	------------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	–	4,134
Amounts owed to group undertakings	–	60,000
Accruals and deferred income	–	822,332
Production loan	–	5,632,457
	----	------------
	–	6,518,923
	----	------------

7. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

8. Contingent liabilities

Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Coutts and Co.

9. Summary audit opinion

The auditor's report for the year dated 6 January 2022 was unqualified.

The senior statutory auditor was Stephen Joberns , for and on behalf of Shipleys LLP .

10. Related party transactions

The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

11. Controlling party

In the opinion of the directors the immediate parent undertaking is Sister Pictures (Giri) Limited , a company incorporated in England and Wales. The smallest and largest group for which accounts are prepared and in which the results of the company are consolidated is Sister Holdings Limited. Copies of the group accounts can be obtained from Utopia Village, 7 Chalcot Road, London, United Kingdom, NW1 8LH.