DNA Pictures Limited
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Registered number: |
11417417
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Balance Sheet |
as at 28 February 2022
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|
Notes |
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2022 |
|
|
2021 |
£ |
£ |
Current assets |
Stocks |
|
|
107,377 |
|
|
224,851 |
Debtors |
4 |
|
2,283,574 |
|
|
1,418,365 |
Cash at bank and in hand |
|
|
14,174 |
|
|
11,564 |
|
|
|
2,405,125 |
|
|
1,654,780 |
|
Creditors: amounts falling due within one year |
5 |
|
(800,345) |
|
|
(568,332) |
|
Net current assets |
|
|
|
1,604,780 |
|
|
1,086,448 |
|
Total assets less current liabilities |
|
|
|
1,604,780 |
|
|
1,086,448 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(1,604,779) |
|
|
(1,086,447) |
|
|
|
Net assets |
|
|
|
1 |
|
|
1 |
|
|
|
|
|
|
|
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Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
|
Shareholder's funds |
|
|
|
1 |
|
|
1 |
|
|
|
|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
Vaishalli Paatil |
Director |
Approved by the board on 31 August 2022
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DNA Pictures Limited
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Notes to the Accounts |
for the year ended 28 February 2022
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1 |
General Information |
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DNA Pictures Limited is a private limited company limited by shares and incorporated in the United Kingdom. Its registered office address is Suite 27, Winsor & Newton Building, Whitefriars Avenue Harrow, London HA35RN. |
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2 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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The Company has produced the film "Laila Manju" (the Film). The turnover recognised by the Company relates only to this Film. Turnover represents assignment advances from the acquiring and financing commissioner and its associates in relation to the Film's production.
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Stocks |
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Production cost of the Film at balance sheet date was carried forward on the basis that it is deemed recoverable from future revenue of the Film and during the current period, it has been transferred to cost of sales. Film production costs incurred in production of the Film are recognised in the P&L account as cost of sales in the period in which they are incurred.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Taxation |
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The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax asset based on timing differences is not applicable in respect of this Company's claim for film tax credit.
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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3 |
Employees |
2022 |
|
2021 |
Number |
Number |
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Average number of persons employed by the company |
1 |
|
1 |
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|
|
|
|
|
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|
|
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4 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Trade debtors |
383,659 |
|
- |
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Other debtors |
1,899,915 |
|
1,418,365 |
|
|
|
|
|
|
2,283,574 |
|
1,418,365 |
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|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans and overdrafts |
47,533 |
|
50,000 |
|
Trade creditors |
752,812 |
|
518,332 |
|
|
|
|
|
|
800,345 |
|
568,332 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
£ |
£ |
|
|
Trade creditors |
1,604,779 |
|
1,086,447 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2022 |
|
2021 |
£ |
£ |
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Creditors include: |
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Secured bank loans |
47,533 |
|
50,000 |
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|
|
|
|
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[The Company had availed BBLS loan from the bank which secured by the Goverment] |
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8 |
Controlling party |
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Ms Vaishalli Paatil is the sole shareholder and the Person with significant control.
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9 |
Other information |
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DNA Pictures Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Office Suite 27 |
|
Winsor & Newton Building, Whitefriars Avenue, Harrow Weald |
|
HA3 5RN |