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

MANOIR PRODUCTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10630459

Manoir Productions Limited

Filleted Financial Statements

31 March 2021

Manoir Productions Limited

Statement of Financial Position

31 March 2021

	2021	2020
Note	£	£

Current assets

Debtors	6	124,546	85,060
Cash at bank and in hand		207,722	466,121
		---------	---------
		332,268	551,181

Creditors: amounts falling due within one year	7	( 332,267)	( 551,179)
		---------	---------
Net current assets		1	2
		----	----
Total assets less current liabilities		1	2
		----	----
Net assets		1	2
		----	----

Capital and reserves

Called up share capital	1	2
	----	----
Shareholders funds	1	2
	----	----

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 5 April 2022 , and are signed on behalf of the board by:

R W Stannett

Director

Company registration number: 10630459

Manoir Productions 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 33-34 Rathbone Place, London, W1 1JN, 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

3.1 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.

3.2 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.

3.3 Going concern

At the time of approving the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

3.4 Revenue recognition

Turnover relates to the production of the film entitled "Chaplin". 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.

3.5 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3.6 Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments

3.7 Debtors

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

3.8 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.

3.9 Creditors

Short term creditors are measured at the transaction price.

4. Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

5. Employees

The average monthly number of employees, including directors, during the year was 4 (2020: 4)

6. Debtors

	2021	2020
	£	£
VAT recoverable	15,511	15,036
Corporation tax recoverable	95,615	56,603
Other debtors	13,420	13,421
	---------	--------
	124,546	85,060
	---------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	54,262	30,246
Accruals and deferred income	180,401	366,726
Other creditors	97,604	154,207
	---------	---------
	332,267	551,179
	---------	---------

8. Summary audit opinion

The auditor's report for the year dated 5 April 2022 was unqualified.

The senior statutory auditor was Joanna Cosgrove , for and on behalf of Moore Kingston Smith LLP .

9. Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within owned within the group.

10. Controlling party

Passion Holdings Limited is the ultimate parent company which prepares consolidated financial statements. The address of its registered office is 33-34 Rathbone Place, London, W1T 1JN. The ultimate controlling party is A Ruhemann by virtue of his shareholding in the parent company.