REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 10 APRIL 2022 |
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LA BELLE ALLEE PRODUCTIONS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 10 APRIL 2022 |
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FOR |
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LA BELLE ALLEE PRODUCTIONS LIMITED |
LA BELLE ALLEE PRODUCTIONS LIMITED (REGISTERED NUMBER: SC217050) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 10 APRIL 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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LA BELLE ALLEE PRODUCTIONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 10 APRIL 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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3rd Floor |
St George's Buildings |
5 St Vincent Place |
Glasgow |
G1 2DH |
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BANKERS: |
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23 Sauchiehall Street |
Glasgow |
G2 3AD |
LA BELLE ALLEE PRODUCTIONS LIMITED (REGISTERED NUMBER: SC217050) |
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BALANCE SHEET |
10 APRIL 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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LA BELLE ALLEE PRODUCTIONS LIMITED (REGISTERED NUMBER: SC217050) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 10 APRIL 2022 |
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1. | STATUTORY INFORMATION |
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La Belle Allee Productions Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparation |
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Going concern |
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company made a loss after taxation of £14,318 for the year ended 10 April 2022 and at that date its current liabilities, including £109,673 owed to its director, exceeded its current assets by £220,344. The company is thus dependent on the continuing financial support of its director and other creditors. The director is confident of this continuing support and of the company's long-term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that may result from withdrawal of financial support. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Equipment and fixtures | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
LA BELLE ALLEE PRODUCTIONS LIMITED (REGISTERED NUMBER: SC217050) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 10 APRIL 2022 |
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2. | ACCOUNTING POLICIES - continued |
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Grants received |
Grants received in respect of expenditure charged to the profit and loss account during the year have been included within profit and loss. The remainder are deferred and are released to the profit and loss either to match the relevant expenditure or, in the case of government grants received in respect of capital expenditure, over the expected useful lives of the related fixed assets. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Equipment |
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fixtures |
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COST |
At 11 April 2021 |
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Additions |
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At 10 April 2022 |
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DEPRECIATION |
At 11 April 2021 |
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Charge for year |
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At 10 April 2022 |
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NET BOOK VALUE |
At 10 April 2022 |
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At 10 April 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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Value Added Tax recoverable | 991 | 854 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Development loans (see below) |
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Trade creditors |
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Directors' current accounts | 109,673 | 99,206 |
Accruals and deferred income |
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LA BELLE ALLEE PRODUCTIONS LIMITED (REGISTERED NUMBER: SC217050) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 10 APRIL 2022 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
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The film development loans are unsecured, interest free and have no fixed terms for repayment. Included within development loans at 10 April 2022 was £58,493 (2020 : £58,493) due to Creative Scotland which would become repayable on commencement of principal photography. |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | £1 | 500 | 500 |
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Ordinary 'A' | £1 | 5 | 5 |
505 | 505 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 11 April 2021 | ( |
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Deficit for the year | ( |
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At 10 April 2022 | ( |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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