Shiddat Films UK Ltd - Filleted accounts

Shiddat Films UK Ltd - Filleted accounts

SHIDDAT FILMS UK LTD - Company Information

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Registered number
12203994
Shiddat Films UK Ltd
Filleted Accounts
31 January 2023
Shiddat Films UK Ltd
Registered number: 12203994
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 118,898 106,498
Cash at bank and in hand 7,330 2,779
126,228 109,277
Creditors: amounts falling due within one year 4 (142,681) (115,578)
Net current liabilities (16,453) (6,301)
Net liabilities (16,453) (6,301)
Capital and reserves
Called up share capital 1 1
Profit and loss account (16,454) (6,302)
Shareholders' funds (16,453) (6,301)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian Brake
Director
Approved by the board on 25 October 2023
Shiddat Films UK Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film titled as "Shiddat" (the Film). The turnover recognised by the Company relates only to this Film.
Cost of sales
Production cost of the Film is recognised in the profit & loss account as cost of sales on delivery of the Film to the Indian commissioner.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
VAT receivable 2,380 580
Other debtors 116,518 105,918
118,898 106,498
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 36,834 48,114
Trade creditors - 6,333
Taxation and social security costs - 5,284
Other creditors 105,847 55,847
142,681 115,578
5 Related party transactions
During the year ending 31 January 2023, BreakThrough Nominees Limited invoiced the company for £5,000 (Period ending 31/01/2022: £9,000) towards Company secretarial and Nominee Director Fee.

Brian Brake, director of Breakthrough Nominees Limited is a nominee director of the Company during the period.

Brian Brake is not involved in the day to day running of the Company and has no beneficial or financial interest other than above fee disclosed.
6 Controlling party
Mr Ashish Chauhan, the PSC of the Company and has right to appoint and remove directors, is the ultimate controlling party.
7 Other information
Shiddat Films UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
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