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

MISBEHAVIOUR PRODUCTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11587479

Misbehaviour Productions Limited

Filleted Unaudited Accounts

31 January 2022

Misbehaviour Productions Limited

Statement of Financial Position

31 January 2022

	2022	2021
Note	£	£

Current assets

Debtors	4	1	29,619
Cash at bank and in hand		1,771	16,548
		-------	--------
		1,772	46,167

Creditors: amounts falling due within one year	5	( 1,771)	( 46,166)
		-------	--------
Net current assets		1	1
		----	----
Total assets less current liabilities		1	1
		----	----
Net assets		1	1
		----	----

Capital and reserves

Called up share capital	6	1	1
		----	----
Shareholders funds		1	1
		----	----

These Accounts 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 year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its Accounts for the year 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 Accounts .

These Accounts were approved by the board of directors and authorised for issue on 30 January 2023 , and are signed on behalf of the board by:

A Scarso

Director

Company registration number: 11587479

Misbehaviour Productions Limited

Notes to the Accounts

Year ended 31 January 2022

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, England.

2. Statement of compliance

These Accounts 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 Accounts 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 Accounts are prepared in sterling, which is the functional currency of the entity.

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.

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.

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 "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

Turnover relates to the production of the film "Misbehaviour". 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.

4. Debtors

	2022	2021
	£	£
Prepayments and accrued income	–	2,267
VAT recoverable	–	27,351
Other debtors	1	1
	----	--------
	1	29,619
	----	--------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	–	46,166
Accruals and deferred income	1,771	–
	-------	--------
	1,771	46,166
	-------	--------

6. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 0.01 each	100	1	100	1
	----	----	----	----

7. 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: Film Finances, Inc. Rococo Films Limited Pathe Productions Limited

8. 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. During the year all transactions related to the production of the film "Misbehaviour" 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.

9. Controlling party

In the opinion of the directors there is no ultimate controlling party. The parent undertaking is Rococo Films Limited , a company incorporated in England and Wales.