OYSTER PRODUCTIONS LIMITED


2021-04-012022-03-312022-03-31false06472992OYSTER PRODUCTIONS 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OYSTER PRODUCTIONS LIMITED

Registered Number
06472992
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

OYSTER PRODUCTIONS LIMITED
Company Information
for the year from 1 April 2021 to 31 March 2022

Directors

Brian Klein
Charmaine Klein

Registered Address

Global House
303 Ballards Lane
London
N12 8NP

Registered Number

06472992 (England and Wales)
OYSTER PRODUCTIONS LIMITED
Balance Sheet as at
31 March 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets6552736
552736
Current assets
Debtors7165,610173,407
Cash at bank and on hand353,041481,184
518,651654,591
Creditors amounts falling due within one year8(72,036)(238,901)
Net current assets (liabilities)446,615415,690
Total assets less current liabilities447,167416,426
Net assets447,167416,426
Capital and reserves
Called up share capital100100
Profit and loss account447,067416,326
Shareholders' funds447,167416,426
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Board of Directors on 13 March 2023, and are signed on its behalf by:
Brian Klein
Director
Registered Company No. 06472992
OYSTER PRODUCTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of television and film production.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)
Fixtures and fittings25
Taxation policy
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
5.Employee information

20222021
Average number of employees during the year22
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 215,064
At 31 March 225,064
Depreciation and impairment
At 01 April 214,328
Charge for year184
At 31 March 224,512
Net book value
At 31 March 22552
At 31 March 21736
7.Debtors

2022

2021

££
Amounts owed by associates and joint ventures / participating interests165,000165,000
Other debtors6108,407
Total165,610173,407
8.Creditors within one year

2022

2021

££
Amounts owed to related parties59,309234,530
Taxation and social security9,4622,606
Other creditors565565
Accrued liabilities and deferred income2,7001,200
Total72,036238,901