ACCOUNTS - Final Accounts preparation

SECOND POINT FILMS LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31true2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2021-12-03false 13779520 2021-12-02 13779520 2021-12-03 2022-12-31 13779520 2021-01-01 2021-12-02 13779520 2022-12-31 13779520 c:Director1 2021-12-03 2022-12-31 13779520 d:CurrentFinancialInstruments 2022-12-31 13779520 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13779520 d:ShareCapital 2022-12-31 13779520 c:OrdinaryShareClass1 2021-12-03 2022-12-31 13779520 c:OrdinaryShareClass1 2022-12-31 13779520 c:FRS102 2021-12-03 2022-12-31 13779520 c:AuditExempt-NoAccountantsReport 2021-12-03 2022-12-31 13779520 c:FullAccounts 2021-12-03 2022-12-31 13779520 c:PrivateLimitedCompanyLtd 2021-12-03 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13779520

SECOND POINT FILMS LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD FROM 3 DECEMBER 2021 TO 31 DECEMBER 2022


SECOND POINT FILMS LTD

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4


SECOND POINT FILMS LTD REGISTERED NUMBER:13779520

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022
Note		£


Current assets
Debtors: amounts falling due within one year	4	149,328
Cash at bank and in hand	5	254,523
		403,851
Creditors: amounts falling due within one year	6	(403,847)
Net current assets			4
Total assets less current liabilities			4

Net assets			4

Capital and reserves
Called up share capital	7	4
		4

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J S Gay-Rees

Director

Date: 8 November 2023

The notes on pages 2 to 4 form part of these financial statements.


SECOND POINT FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Second Point Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 13779520. The registered office address is 1st floor 50-54 Clerkenwell Road, London, EC1M 5PS.

The principal activity of the company is that of television production activities.

The company was incorporated on 3 December 2021 and commenced trading on the same 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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover from television production activities is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover from television production activities is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Debtors

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

2.5

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.

2.6

Creditors

Short-term creditors are measured at the transaction price.

2.7

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 third parties and loans to related parties.


SECOND POINT FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Employees

The average monthly number of employees, including directors, during the period was 2.

Debtors

					2022
					£


	Other debtors	77,571
	Prepayments and accrued income	71,757
		149,328

5.	Cash and cash equivalents
		2022
		£

	Cash at bank and in hand	254,523

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

	Trade creditors	7,483
	Accruals and deferred income	340,631
	Other creditors	233
	Other loans	55,500
		403,847


SECOND POINT FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

7.	Share capital
		2022
		£

		Allotted, called up and fully paid

		4 Ordinary shares of £1.00 each	4

4 Ordinary shares of £1 were issued on incorporation on 3 December 2021 at an aggregate subscription price of £4 and an aggregate nominal value of £4.

8.	Related party transactions
	Included within other loans at the period end is an amount due to a company under common control £55,500.The loan is interest free and has been fully repaid after the year end. Included within other debtors at the period end is an amount due from a company under common control £7,230.The loan is interest free and and repayable on demand.