Z414 Productions Limited Filleted accounts for Companies House (small and micro)

Z414 PRODUCTIONS LTD - Company Information

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COMPANY REGISTRATION NUMBER: NI630844

Z414 Productions Limited

Filleted Unaudited Financial Statements

31 October 2021

Z414 Productions Limited

Statement of Financial Position

31 October 2021

	31 Oct 21	30 Apr 20
Note	£	£

Current assets

Debtors	4	60,714	511,684
Cash at bank and in hand		58,970	151,939
		---------	---------
		119,684	663,623

Creditors: amounts falling due within one year	5	119,683	663,622
		---------	---------
Net current assets		1	1
		----	----
Total assets less current liabilities		1	1
		----	----
Net assets		1	1
		----	----

Capital and reserves

Called up share capital	1	1
	----	----
Shareholder 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.

For the period ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 11 February 2022 , and are signed on behalf of the board by:

Mr Martin Brennan

Director

Company registration number: NI630844

Z414 Productions Limited

Notes to the Financial Statements

Period from 1 May 2020 to 31 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 Ulster Bank House, 9 Irish Street, Downpatrick, Co. Down, BT30 6BN.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover is measured by reference to the stage of completion of the film at the end of the reporting period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost .

4. Debtors

	31 Oct 21	30 Apr 20
	£	£
Trade debtors	187	63,892
Other debtors	60,527	447,792
	--------	---------
	60,714	511,684
	--------	---------

5. Creditors: amounts falling due within one year

	31 Oct 21	30 Apr 20
	£	£
Bank loans and overdrafts	–	56,290
Trade creditors	46,742	312,214
Social security and other taxes	3,903	–
Other creditors	69,038	295,118
	---------	---------
	119,683	663,622
	---------	---------

6. Contingencies

A charge has been made against the company's assets including its rights, title and interest in and to the film, in favour of the following entity who has advanced funds to finance film production costs: - Moffen Media Limited

7. Controlling party

The company is a wholly owned subsidiary of Moffen Media Limited , incorporated in England and Wales. Its registered office address is 3rd Floor, 14 Floral Street, London. WC2E 9DH . The company registration number is 10632869.