Mahabharata The Film Limited Filleted accounts for Companies House (small and micro)

MAHABHARATA THE FILM LIMITED - Company Information

0 false false false false false false false false false false true false false false false false false No description of principal activity 2021-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09778520 2021-11-01 2022-10-31 09778520 2022-10-31 09778520 2021-10-31 09778520 2020-06-01 2021-10-31 09778520 2021-10-31 09778520 2020-05-31 09778520 bus:Director1 2021-11-01 2022-10-31 09778520 core:WithinOneYear 2022-10-31 09778520 core:WithinOneYear 2021-10-31 09778520 core:ShareCapital 2022-10-31 09778520 core:ShareCapital 2021-10-31 09778520 bus:SmallEntities 2021-11-01 2022-10-31 09778520 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 09778520 bus:SmallCompaniesRegimeForAccounts 2021-11-01 2022-10-31 09778520 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 09778520 bus:FullAccounts 2021-11-01 2022-10-31

COMPANY REGISTRATION NUMBER: 09778520

Mahabharata The Film Limited

Filleted Unaudited Financial Statements

31 October 2022

Mahabharata The Film Limited

Statement of Financial Position

31 October 2022

	2022	2021
Note	£	£

Current assets

Debtors	4	1,095,591	1,254,895
Cash at bank and in hand		6,988	34,112
		------------	------------
		1,102,579	1,289,007

Creditors: amounts falling due within one year	5	1,102,578	1,289,006
		------------	------------
Net current assets		1	1
		----	----
Total assets less current liabilities		1	1
		----	----
Net assets		1	1
		----	----

Capital and reserves

Called up share capital	1	1
	----	----
Shareholders funds	1	1
	----	----

These financial statements 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 income and retained earnings has not been delivered.

For the year ending 31 October 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 financial statements 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 October 2023 , and are signed on behalf of the board by:

Mr V Malhotra

Director

Company registration number: 09778520

Mahabharata The Film Limited

Notes to the Financial Statements

Year ended 31 October 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 99 Kenton Road, harrow, Middlesex, HA3 0AN.

2. Statement of compliance

These financial statements 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 financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2022	2021
	£	£
Trade debtors	37,591	196,895
Other debtors	1,058,000	1,058,000
	------------	------------
	1,095,591	1,254,895
	------------	------------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	320,260	641,660
Social security and other taxes	25,191	9,588
Loans	25,700	5,700
Production advances	713,178	614,059
Other creditors	18,249	17,999
	------------	------------
	1,102,578	1,289,006
	------------	------------

6. Controlling party

The Company is a wholly owned subsidiary of Anhinga Media Limited , incorporated in England and Wales. Its registered office address is 85 Great Portland Street, First Floor, London, United Kingdom, W1W 7LT . The company registration number is 10634129.