ACCOUNTS - Final Accounts preparation

ELECTRIC EYE PRODUCTIONS LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-30trueNo description of principal activityfalse02021-06-184trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13465210 2021-06-17 13465210 2021-06-18 2022-06-30 13465210 2020-06-18 2021-06-17 13465210 2022-06-30 13465210 c:Director4 2021-06-18 2022-06-30 13465210 d:CurrentFinancialInstruments 2022-06-30 13465210 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13465210 d:ShareCapital 2022-06-30 13465210 c:OrdinaryShareClass1 2021-06-18 2022-06-30 13465210 c:OrdinaryShareClass1 2022-06-30 13465210 c:FRS102 2021-06-18 2022-06-30 13465210 c:AuditExempt-NoAccountantsReport 2021-06-18 2022-06-30 13465210 c:FullAccounts 2021-06-18 2022-06-30 13465210 c:PrivateLimitedCompanyLtd 2021-06-18 2022-06-30 13465210 6 2021-06-18 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13465210

ELECTRIC EYE PRODUCTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2022

ELECTRIC EYE PRODUCTIONS LIMITED

REGISTERED NUMBER: 13465210

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2022

		2022
Note		£

Fixed assets
Investments	5		16,066
			16,066
Current assets
Stocks	6	3,615,446
Debtors: amounts falling due within one year	7	19,910,751
Cash at bank and in hand	8	3,891,574
		27,417,771
Creditors: amounts falling due within one year	9	(27,433,737)
Net current (liabilities)/assets			(15,966)
Total assets less current liabilities			100

Net assets			100

Capital and reserves
Called up share capital	10	100
		100

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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ELECTRIC EYE PRODUCTIONS LIMITED

REGISTERED NUMBER: 13465210

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 August 2023.

J O Thomson

Director

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ELECTRIC EYE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2022

1.	General information

Electric Eye Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 9a Dallington Street, London, England, EC1V 0BQ.
The company was Incorporated on 18 June 2021 and began trading on this date.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Stocks

Stocks comprise production costs incurred up to the reporting date on productions yet to be delivered as at the reporting date and are valued at the lower of cost and net realisable value. Net realisable value is estimated as the licence fees receivable from the broadcasters less any further costs to completion expected to be incurred.

2.5

Debtors

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

2.6

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.

2.7

Creditors

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

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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ELECTRIC EYE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2022

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the reporting date based on invoices received after the period end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.

Employees

The average monthly number of employees, including directors, during the period was 4.

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	16,066
	At 30 June 2022	16,066

6.	Stocks
		2022
		£

	Production costs	3,615,446

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ELECTRIC EYE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2022

Debtors

					2022
					£


	Trade debtors	10,461,307
	Amounts owed by group undertakings	9,190,443
	Other debtors	259,001
		19,910,751

8.	Cash and cash equivalents
		2022
		£

	Cash at bank and in hand	3,891,574

9.	Creditors: Amounts falling due within one year
		2022
		£

	Other loans	16,028,981
	Trade creditors	870,913
	Other creditors	67,536
	Accruals and deferred income	10,466,307
		27,433,737

10.	Share capital
		2022
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On incorporation the company issued 100 ordinary shares of £1 each for cash at par.

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ELECTRIC EYE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2022

11.	Related party transactions
	During the period production advances totalling £9,150,725 were made to a company in which Electric Eye Productions Limited has 75% shareholding. At the reporting date £9,150,725 was due to the company in respect of these advances. The loan is repayable on demand and not interest bearing.

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