ACCOUNTS - Final Accounts preparation

DLT ENTERTAINMENT DEVELOPMENT LIMITED - Company Information

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Registered number: 09613505

DLT ENTERTAINMENT DEVELOPMENT LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

DLT ENTERTAINMENT DEVELOPMENT LIMITED

REGISTERED NUMBER: 09613505

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	25,722		34,609
Cash at bank and in hand	5	103,471		108,321
		129,193		142,930
Creditors: amounts falling due within one year	6	(6,075)		(7,650)
Net current assets			123,118		135,280
Total assets less current liabilities			123,118		135,280

Net assets			123,118		135,280

Capital and reserves
Called up share capital	3,000	3,000
Share premium account	297,000	297,000
Profit and loss account	(176,882)	(164,720)
	123,118	135,280

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 statement of comprehensive income 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 on 5 December 2023.

J Cotugno

Director

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

Page 1

DLT ENTERTAINMENT DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

DLT Entertainment Development Limited is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is 10 Bedford Square, London WC1B 3RA.

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 following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through equity investments.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the financial statements.

2.3

Debtors

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

2.4

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.

2.5

Creditors

Short-term creditors are measured at the transaction price.

2.6

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 and loans from related
parties.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

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DLT ENTERTAINMENT DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Debtors

					2022	2021
					£	£


Amounts owed by group undertakings	9,855	29,930
Other debtors	15,867	4,679
	25,722	34,609

5.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	103,471	108,321
	103,471	108,321

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Other creditors	-	2,400
Accruals and deferred income	6,075	5,250
	6,075	7,650

7.	Related party transactions
	During the year the development costs totalling £19,895 (2021: £nil) were recharged from a company in which D L Taffner Jnr and J Cotugno are also directors. At the balance sheet date £9,855 (2021: £29,930) was due from the connected company.

8.	Controlling party

The ultimate controlling party is D L Taffner Jnr.

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DLT ENTERTAINMENT DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 7 December 2023 by Jennifer Pope (senior statutory auditor) on behalf of Nyman Libson Paul LLP.

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