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

MAFIYA PRODUCTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08621627

Mafiya Productions Limited

Filleted Unaudited Accounts

31 December 2022

Mafiya Productions Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Current assets

Work in progress		455,240	455,022
Debtors	4	150	150
Cash at bank and in hand		105,523	108,896
		---------	---------
		560,913	564,068

Creditors: amounts falling due within one year	5	( 584,259)		( 584,054)
		---------		---------
Net current liabilities			( 23,346)	( 19,986)
			--------	--------
Total assets less current liabilities			( 23,346)	( 19,986)
			--------	--------
Net liabilities			( 23,346)	( 19,986)
			--------	--------

Capital and reserves

Called up share capital	150	150
Profit and loss account	( 23,496)	( 20,136)
	--------	--------
Shareholders deficit	( 23,346)	( 19,986)
	--------	--------

These accounts 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 comprehensive income has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- 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 were approved by the board of directors and authorised for issue on 28 September 2023 , and are signed on behalf of the board by:

S C Thykier

Director

Company registration number: 08621627

Mafiya Productions Limited

Notes to the Accounts

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Archery Close, W2 2BE, London.

2. Statement of compliance

These accounts 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

Basis of preparation

The accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have undertaken a rigorous assessment of whether the company was a going concern when the accounts were prepared, considering all available information about the future, covering a period of 12 months from the date of the approval of the accounts.

The directors are not aware of any material uncertainty arising from their assessment that would cast doubt on the company's ability to continue as a going concern.

A development budget has been prepared for the television programme. Funds to meet the cashflow requirements are contractually in place and the directors do not anticipate any material overspend. The directors are therefore satisfied that the going concern assumption remains appropriate.

Work in progress

Work in progress represents the cost of various film and television projects on which the company is currently in development. An assessment is made at the end of each financial period and those projects which are no longer likely to go into production are written off.

4. Debtors

	2022	2021
	£	£
Other debtors	150	150
	----	----

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	584,259	584,054
	---------	---------

6. Related party transactions

The company was under the joint control of Archery Pictures Limited, William Nicholson and Monumental Television Limited. During the year, Archery Pictures Limited, a company in which S C Thykier is a director, received production fees of £Nil (2021: £Nil). As at the year end, £759 (2021: £772) was due to Archery Pictures Limited. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.