Six Temple Productions Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 10181181 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

SIX TEMPLE PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D K J Perkins

SECRETARY:

Ms R A Sarpong

REGISTERED OFFICE:

13 - 14

Buckingham Street

London

WC2N 6DF

REGISTERED NUMBER:

10181181 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

5 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

FIXED ASSETS

Investments

4

2

2

CURRENT ASSETS

Stocks

400,000

1,143,012

Debtors

5

138

622,614

Cash at bank

22,308

1,860

422,446

1,767,486

CREDITORS

Amounts falling due within one year

6

1,245

230,214

NET CURRENT ASSETS

421,201

1,537,272

TOTAL ASSETS LESS CURRENT LIABILITIES

421,203

1,537,274

CAPITAL AND RESERVES

Called up share capital

7

188,169

212,648

Share premium

1,703,461

1,925,031

Retained earnings

(1,470,427

)

(600,405

)

SHAREHOLDERS' FUNDS

421,203

1,537,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2023 and were signed by:

D K J Perkins - Director

1.	STATUTORY INFORMATION

Six Temple Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in Sterling, which is the functional and presentational currency of the entity.

Going concern

The directors have considered and will continue to monitor the threat and implications of inflationary pressures within the wider macro-economic environment on the company. However, based on a review of the activities of the Company, the current working capital position and the ability to reduce certain costs in the short term, the members currently believe that this risk can be managed for the year ahead. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover comprises the company's revenue in respect of production and exploitation of television programmes or films during the period exclusive of Value Added Tax. Fees are recognised once the right to the income has been earned.

Turnover also includes interest earned on loan finance provided during the period. Turnover is recognised in the period in which the interest and fees fall due in accordance with the loan agreement.

Stocks

Stock is stated at the lower of cost and net realisable value. Cost comprises expenditure in respect of the

development and production of television programmes or films. Net realisable value is the expected selling price or other cumulative income stream that is prudently anticipated from a programme after taking account of costs of completion and bringing it to market.

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.

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 transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated

impairment losses.

Government grants

Government grants are recognised using the accrual model and the performance model. In this case furlough grants are accounted for under the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2021

and 30 September 2022

2

NET BOOK VALUE

At 30 September 2022

2

At 30 September 2021

2

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

474,450

Other debtors

138

148,164

138

622,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

417

4,380

Taxation and social security

-

100,565

Other creditors

828

125,269

1,245

230,214

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,881,682

A Ordinary shares

£0.10

188,168

212,647

10

B Ordinary shares

£0.10

1

1

188,169

212,648

Details of the various share rights attached to each type of share capital is included in the Articles of Association.

On 23/08/2022 244,786 Ordinary A shares were cancelled and £246,048.16 returned to shareholders. The balance of £221,569.56 has been charged to share premium in accordance with CA2006 s 641.

8.	OTHER FINANCIAL COMMITMENTS

As at the reporting date, the company had no financial or other commitments or contracts for capital expenditure in place (2021: £nil).

9.	RELATED PARTY DISCLOSURES

No transactions were undertaken with related parties as such that are required to be disclosed under FRS 102.