Finsbury Productions (Trading & Finance) - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00628632 (England and Wales)

FINSBURY PRODUCTIONS (TRADING & FINANCE)

CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E R Hesselberger

H Adamopulos

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Kent

TN11 9BH

REGISTERED NUMBER:

00628632 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Investments

4

2,073,794

1,969,394

CURRENT ASSETS

Debtors

-

75

Investments

976,675

1,006,014

Cash at bank

10,701

12,557

987,376

1,018,646

CREDITORS

Amounts falling due within one year

1,774,232

1,756,088

NET CURRENT LIABILITIES

(786,856

)

(737,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,286,938

1,231,952

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Share premium

755

755

Fair value reserve

5

26,145

26,145

Retained earnings

1,250,038

1,195,052

SHAREHOLDERS' FUNDS

1,286,938

1,231,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by:

P E R Hesselberger - Director

1.	STATUTORY INFORMATION

Finsbury Productions (Trading & Finance) Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year 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 year 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

Current asset investments are stated at their open market value. All gains and losses are taken to the profit and loss account as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year-end and their carrying value.

Income

Interest income

Interest income is recognised when receivable and the amount can be measured reliably, which is normally upon notification the interest paid or payable

Dividend income

Dividends are recognised when the shareholder’s right to receive payment is established.

Fixed asset investments

Investments that are a participation in operating partnerships are initially measured at cost and subsequently measured at cost plus allocated growth less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 July 2022

1,969,394

Additions

104,400

At 30 June 2023

2,073,794

NET BOOK VALUE

At 30 June 2023

2,073,794

At 30 June 2022

1,969,394

The fixed asset investment relates to the investment into Terido LLP, a trading partnership.

5.

RESERVES

Fair

value

reserve

£

At 1 July 2022

and 30 June 2023

26,145

6.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Dartenya Limited, a company incorporated in England & Wales.