EHF (Alex Rider 2) Limited Filleted accounts for Companies House (small and micro)

EHF (ALEX RIDER 2) LTD - Company Information

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COMPANY REGISTRATION NUMBER: 12872070

EHF (Alex Rider 2) Limited

Filleted Unaudited Financial Statements

31 March 2023

EHF (Alex Rider 2) Limited

Statement of Financial Position

31 March 2023

	31 Mar 23		31 Dec 21
Note	£	£	£

Current assets

Debtors	6	1	575,922
Cash at bank and in hand		–	576,319
		----	------------
		1	1,152,241

Creditors: amounts falling due within one year	7	–		1,152,240
		----		------------
Net current assets			1	1
			----	----
Total assets less current liabilities			1	1
			----	----
Net assets			1	1
			----	----

Capital and reserves

Called up share capital	8	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 period ending 31 March 2023 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 period 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 15 December 2023 , and are signed on behalf of the board by:

J R Green

Director

Company registration number: 12872070

EHF (Alex Rider 2) Limited

Notes to the Financial Statements

Period from 1 January 2022 to 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DW.

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 accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The accounts are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates if exchange ruling at the balance sheet date.Transactions in foreign currencies are translated into sterlng at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit

Significant estimation technique adopted

Accruals are estimated by reference to purchase orders raised at the period end and estimate to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue Recognition" below.

Disclosure exemptions

The enity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following discloure exemptions available under section 1A of FRS102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover relates to the production of the television series entitled "Alex Rider Season 2". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tax on loss

Major components of tax income

	Period from	Period from
	1 Jan 22 to	20 Jul 21 to
	31 Mar 23	31 Dec 21
	£	£

Current tax:

UK current tax income	–	( 499,657)
	----	---------
Tax on loss	–	( 499,657)
	----	---------

5. Employees

The company has been incorporated to produce a television series caled "Alex Rider Season 2". In common with the film and televnision industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed. None of the Directors received any form of remuneration.

6. Debtors

	31 Mar 23	31 Dec 21
	£	£
Other debtors	1	575,922
	----	---------

7. Creditors: amounts falling due within one year

	31 Mar 23	31 Dec 21
	£	£
Social security and other taxes	–	2,057
Other creditors - desc in a/cs	–	499,760
Other creditors	–	650,423
	----	------------
	–	1,152,240
	----	------------

8. Called up share capital

Issued, called up and fully paid

	31 Mar 23		31 Dec 21
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Related party transactions

During the period no related-party transactions took place. All transactions related to the production of the television series "Alex Rider Season 2" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A

10. Controlling party

In the opinion of the directors the company is under the control of Eleventh Hour Films Ltd.