KEF Productions Ltd - Accounts to registrar (filleted) - small 23.2.5
KEF Productions Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| FOR |
| KEF PRODUCTIONS LTD |
| KEF PRODUCTIONS LTD (REGISTERED NUMBER: 10368124) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Period 1 January 2022 to 31 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KEF PRODUCTIONS LTD |
| COMPANY INFORMATION |
| For The Period 1 January 2022 to 31 March 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 1 Carnegie Road |
| Newbury |
| Berkshire |
| RG14 5DJ |
| KEF PRODUCTIONS LTD (REGISTERED NUMBER: 10368124) |
| BALANCE SHEET |
| 31 March 2023 |
| 2023 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| Revaluation reserve | 9 | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| KEF PRODUCTIONS LTD (REGISTERED NUMBER: 10368124) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Period 1 January 2022 to 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| KEF Productions Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Investments |
| Managed fund investments are stated at market value at the balance sheet date. Any gains or losses on disposals are recognised in profit and loss. Unrealised gains or losses are reflected in the revaluation reserve. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | FIXED ASSET INVESTMENTS |
| 2023 | 2021 |
| £ | £ |
| Other investments not loans |
| Cash and deposits | ( |
) | ( |
) |
| KEF PRODUCTIONS LTD (REGISTERED NUMBER: 10368124) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 January 2022 to 31 March 2023 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Additional information is as follows: |
| Listed | Unlisted | Cash and |
| investments | investments | deposits | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2022 | ( |
) | 1,729,933 |
| Additions | ( |
) | 620,983 |
| Disposals | ( |
) | ( |
) | (323,202 | ) |
| Unrealised gains/(losses) | ( |
) | (259,774 | ) |
| Realised gains/(losses) | ( |
) | (889 | ) |
| At 31 March 2023 | ( |
) | 1,767,051 |
| NET BOOK VALUE |
| At 31 March 2023 | ( |
) | 1,767,051 |
| At 31 December 2021 | ( |
) | 1,729,933 |
| Cost or valuation at 31 March 2023 is represented by: |
| Listed | Unlisted | Cash and |
| investments | investments | deposits | Totals |
| £ | £ | £ | £ |
| Valuation in 2021 | 82,300 | - | - | 82,300 |
| Valuation in 2023 | (260,662 | ) | - | - | (260,662 | ) |
| Cost | 2,351,878 | 106,810 | (513,275 | ) | 1,945,413 |
| 2,173,516 | 106,810 | (513,275 | ) | 1,767,051 |
| Investments (neither listed nor unlisted) were as follows: |
| 2023 | 2021 |
| £ | £ |
| Cost/valuation b/f | 821,529 | 344,492 |
| Additions | 521,980 | 717,037 |
| Disposals | (204,516 | ) | (240,000 | ) |
| 1,138,993 | 821,529 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2021 |
| £ | £ |
| Other debtors |
| Directors' current accounts |
| Deferred tax asset | 50,673 | - |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2021 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| KEF PRODUCTIONS LTD (REGISTERED NUMBER: 10368124) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 1 January 2022 to 31 March 2023 |
| 7. | SECURED DEBTS |
| The company has a security agreement with J.P. Morgan Bank Luxembourg S.A., which has registered a fixed charge and negative pledge against the company. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2021 |
| value: | £ | £ |
| Ordinary | 1 |
| Ordinary | 1 |
| 2 | 2 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 January 2022 |
| Unrealised gains/(losses) on |
| investment assets | (259,773 | ) |
| Deferred tax provision | 66,310 |
| At 31 March 2023 | ( |
) |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 31 December 2021: |
| 2023 | 2021 |
| £ | £ |
| Balance outstanding at start of period | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |