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31/03/2022
2022-03-31
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No description of principal activities is disclosed
2021-09-01
Sage Accounts Production 2020 Update 1 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
12805698
2021-09-01
2022-03-31
12805698
2022-03-31
12805698
2020-09-01
2021-08-31
12805698
2021-08-31
12805698
bus:RegisteredOffice
2021-09-01
2022-03-31
12805698
bus:OrdinaryShareClass1
2021-09-01
2022-03-31
12805698
bus:LeadAgentIfApplicable
2021-09-01
2022-03-31
12805698
bus:Director1
2021-09-01
2022-03-31
12805698
bus:CompanySecretary1
2021-09-01
2022-03-31
12805698
core:WithinOneYear
2022-03-31
12805698
core:WithinOneYear
2021-08-31
12805698
core:ShareCapital
2020-09-01
2021-08-31
12805698
core:RetainedEarningsAccumulatedLosses
2020-09-01
2021-08-31
12805698
core:RetainedEarningsAccumulatedLosses
2021-09-01
2022-03-31
12805698
core:ShareCapital
2022-03-31
12805698
core:ShareCapital
2021-08-31
12805698
core:RetainedEarningsAccumulatedLosses
2022-03-31
12805698
core:RetainedEarningsAccumulatedLosses
2021-08-31
12805698
bus:OrdinaryShareClass1
core:ShareCapital
2022-03-31
12805698
bus:OrdinaryShareClass1
core:ShareCapital
2021-08-31
12805698
bus:SmallEntities
2021-09-01
2022-03-31
12805698
bus:Audited
2021-09-01
2022-03-31
12805698
bus:FullAccounts
2021-09-01
2022-03-31
12805698
bus:SmallCompaniesRegimeForAccounts
2021-09-01
2022-03-31
12805698
bus:PrivateLimitedCompanyLtd
2021-09-01
2022-03-31
Company registration number:
12805698
Reliance Entertainment Studios UK Pvt Limited
Filleted financial statements
31 March 2022
Reliance Entertainment Studios UK Pvt Limited
Contents
Directors and other information
Director's responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Reliance Entertainment Studios UK Pvt Limited
Directors and other information
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Director
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Mr Sumit Chadha
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Secretary
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Mr Brian Brake
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Company number
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12805698
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Registered office
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Amba House, 4th Floor Kings Suite
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15 College Road, Harrow
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Middlesex
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England
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HA1 1BA
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Auditor
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Nagle James Associates Limited
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Amba House, 4th Floor Kings Suite,
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15 College Road, Harrow,
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Middlesex
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England
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HA1 1BA
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Bankers
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ICICI Bank Plc
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21 Knightsbridge
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London
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SW1X 7LY
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Reliance Entertainment Studios UK Pvt Limited
Director's responsibilities statement
Period ended 31 March 2022
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial period. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reliance Entertainment Studios UK Pvt Limited
Statement of financial position
31 March 2022
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31/03/22
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31/08/21
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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5
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1,204,072
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7,265
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Cash at bank and in hand
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175,524
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2,469
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|
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_______
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_______
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1,379,596
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9,734
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Creditors: amounts falling due
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within one year
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6
|
(
1,368,355)
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(
13,665)
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|
_______
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_______
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Net current assets/(liabilities)
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11,241
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(
3,931)
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_______
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_______
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Total assets less current liabilities
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11,241
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(
3,931)
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_______
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_______
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Net assets/(liabilities)
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11,241
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|
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|
(
3,931)
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_______
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_______
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Capital and reserves
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Called up share capital
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7
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1
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1
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Profit and loss account
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8
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11,240
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(
3,932)
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|
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_______
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_______
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Shareholders funds/(deficit)
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11,241
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(
3,931)
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_______
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_______
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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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 August 2022
, and are signed on behalf of the board by:
Mr Sumit Chadha
Director
Company registration number:
12805698
Reliance Entertainment Studios UK Pvt Limited
Statement of changes in equity
Period ended 31 March 2022
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 April 2020
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-
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-
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-
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Profit/(loss) for the period
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(
3,932)
|
(
3,932)
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_______
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_______
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_______
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Total comprehensive income for the period
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-
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|
(
3,932)
|
(
3,932)
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Issue of shares
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1
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1
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_______
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_______
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_______
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Total investments by and distributions to owners
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1
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-
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1
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_______
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_______
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_______
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At 31 August 2021 and 1 September 2021
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1
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(
3,932)
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(
3,931)
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Profit/(loss) for the period
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15,172
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15,172
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_______
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_______
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_______
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Total comprehensive income for the period
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-
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15,172
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15,172
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_______
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_______
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_______
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At 31 March 2022
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1
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11,240
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11,241
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_______
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_______
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_______
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Reliance Entertainment Studios UK Pvt Limited
Notes to the financial statements
Period ended 31 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Amba House, 4th Floor Kings Suite, 15 College Road, Harrow, Middlesex, England, HA1 1BA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The amounts are rounded to the nearest whole number and no other rounding is used.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has support from the parent to continue in operational existence for the foreseeable future. Thus the director adopts the going concern basis of accounting in preparing the financial statements.
Judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Turnover
Turnover from distribution of movies is recognised in accordance with distribution agreement or on the physical delivery of the movie whichever is later.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2021: Nil).
5.
Debtors
|
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31/03/22
|
31/08/21
|
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£
|
£
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Trade debtors
|
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188,265
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-
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Amounts owed by group undertakings
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536,745
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-
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Other debtors
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479,062
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7,265
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_______
|
_______
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1,204,072
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7,265
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_______
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_______
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Other debtors include amounts owed by connected company of £471,862 and loan receivable of £7,200.
6.
Creditors: amounts falling due within one year
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31/03/22
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31/08/21
|
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£
|
£
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Trade creditors
|
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113,274
|
-
|
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Accruals and deferred income
|
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13,008
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2,465
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Corporation tax
|
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2,684
|
-
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Social security and other taxes
|
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8,462
|
-
|
|
Amounts due to connected company
|
|
1,230,927
|
11,200
|
|
|
|
_______
|
_______
|
|
|
|
1,368,355
|
13,665
|
|
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|
_______
|
_______
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|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
|
|
31/03/22
|
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31/08/21
|
|
|
|
|
|
No
|
|
£
|
|
No
|
|
£
|
|
Ordinary
shares of £
1.00 each
|
|
1
|
|
1
|
|
1
|
|
1
|
|
|
|
_______
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|
_______
|
|
_______
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_______
|
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|
|
|
|
|
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|
|
8.
Reserves
Called-up share capital - represents the nominal value of shares that have been issued.Profit and Loss account - includes all current retained profits and losses.
9.
Summary audit opinion
The auditor's report for the period dated
24 August 2022
was unqualified.
The senior statutory auditor was
Kaushik Nathwani
for and on behalf of
Nagle James Associates Limited
10.
Related party transactions
The company has taken advantage of the exemption under FRS 102 Section 33.1A not to disclose transactions with the parent company.All other related party material transactions have been concluded under normal market conditions and have not been disclosed in these accounts.
11.
Controlling party
The company's ultimate parent at the balance sheet date was Risee Entertainment Holding Private Limited (REHPL), incorporated in India and the immediate parent at the balance sheet date was Reliance Entertainment Studios Private Limited, incorporated in India.The smallest group in which the results of the company are consolidated is that headed by Reliance Entertainment Studios Private Limited. The largest group in which the results of the company are consolidated is that headed by Risee Entertainment Holding Private Limited.The Consolidated group financial statements of Risee Entertainment Holding Private Limited (REHPL) for the period ended 31 March 2022 are publicly available from the company's corporate address at 502, plot no. 91/94, Prabhat Colony, Santacruz East, Mumbai Maharashtra Pin-400055.