Whitehall Films Limited - Accounts to registrar (filleted) - small 23.1.2
Whitehall Films Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2022 |
| for |
| WHITEHALL FILMS LIMITED |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Contents of the Financial Statements |
| for the year ended 31 October 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| WHITEHALL FILMS LIMITED |
| Company Information |
| for the year ended 31 October 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4th Floor |
| Venture House |
| 27-29 Glasshouse Street |
| London |
| W1B 5DF |
| BANKERS: |
| 440 Strand |
| London |
| WC2R 0QS |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Balance Sheet |
| 31 October 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Balance Sheet - continued |
| 31 October 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Notes to the Financial Statements |
| for the year ended 31 October 2022 |
| 1. | STATUTORY INFORMATION |
| Whitehall Films Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total amount receivable, net of value added tax, for services provided in the ordinary course of business during the period. |
| Property, plant and equipment |
| Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:- |
| Fixtures and fittings - 15% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| Office equipment - 25% on reducing balance |
| The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2022 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Basic financial assets |
| Trade debtors and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method. |
| At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. |
| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. |
| Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
| Basic financial liabilities |
| Trade creditors, accruals and directors' current accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method. |
| Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired. |
| Taxation |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2022 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and | Motor | Office |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2021 |
| Additions |
| At 31 October 2022 |
| DEPRECIATION |
| At 1 November 2021 |
| Charge for year |
| At 31 October 2022 |
| NET BOOK VALUE |
| At 31 October 2022 |
| At 31 October 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Other debtors |
| Directors' current accounts | - | 62,703 |
| Prepayments and accrued income |
| 7. | CURRENT ASSET INVESTMENTS |
| 2022 | 2021 |
| £ | £ |
| Other investment |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security & other taxes |
| Other creditors |
| Directors' current accounts | 5,253 | - |
| Directors' loan accounts | 2,000 | - |
| Accruals |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2022 |
| 9. | FINANCIAL INSTRUMENTS |
| The company has the following financial instruments:- |
| 2022 | 2021 |
| £ | £ |
| Financial assets that are debt instruments measured |
| at amortised cost:- |
| - Directors current accounts | - | 62,703 |
| - Other debtors | 159,036 | 330,988 |
| - Prepayment and accrued income | 3,000 | 3,000 |
| 162,036 | 396,691 |
| - Other investment | 20,000 | 20,000 |
| 2022 | 2021 |
| £ | £ |
| Financial liabilities measured at amortised cost:- |
| - Trade creditors | 80,549 | 57,304 |
| - Corporation tax | 41,340 | 92,770 |
| - Social security & other taxes | 3,172 | 6,090 |
| - Other creditors | (72 | ) | 83,715 |
| - Directors' current account | 7,253 | - |
| - Accruals | 11,300 | 10,550 |
| 143,542 | 250,429 |
| 10. | PROVISIONS FOR LIABILITIES |
| 2022 | 2021 |
| £ | £ |
| Deferred tax | 13,000 | 13,000 |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2021 |
| Charge for the year |
| Balance at 31 October 2022 |
| The provision for deferred taxation is made up of accelerated capital allowances. |
| WHITEHALL FILMS LIMITED (REGISTERED NUMBER: 02065630) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2022 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | 1 | 2 | 2 |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Loan from director |
| At the balance sheet date, the company owed £7,253 (2021: £62,703) to Mr M J Whitehall. The loan is unsecured, interest-free and repayable on demand. |
| The balance owed is cleared post year end. |
| 13. | ULTIMATE CONTROLLING PARTY |
| Mr M Whitehall, a director, together with members of his close family, control the company by virtue of controlling interest (directly or indirectly) of 100% of the issued ordinary share capital. |