Contents of the Financial Statements

for the Period Ended 31 December 2020

Directors' report period ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Directors

The directors shown below have held office during the whole of the period from
1 January 2020 to 31 December 2020

The directors shown below have held office during the period of
8 April 2020 to 31 December 2020

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 December 2021

And signed on behalf of the board by:
Name: Mark HirzbergerTaylor
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2020

Balance sheet

As at 31 December 2020

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

  Other accounting policies

  DebtorsShort term debtors are measured at transaction price, less any impairment.2.5CreditorsShort term creditors are measured at the transaction price.Foreign currency translationFunctional and presentation currencyThe Company's functional and presentational currency is sterling (£).Transactions and balancesForeign currency transactions are translated into the functional currency using the HMRC spot exchange rates at the dates of the transactions.At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are measured using the exchange rate when fair value was determined.Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at periodend exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.2.7TaxationTax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.Judgements in applying accounting policies and key sources of estimation uncertaintyKey sources of estimation uncertaintyThe Company believes that there are no areas of material uncertainty which affect the financial statements.Critical accounting judgements in applying the Company's accounting policiesThe Company believes that the major judgement applied is the use of the going concern principle which supports the valuation of assets included in the Statement of Financial Position.In applying the revenue recognition policy to longer term productions, the Company recognises revenue at the point when the outcome of that production can be determined with reasonable certainty. Prior to that judgement being satisfied, all associated revenues and costs are deferred on the balance sheet.Going concernThe Company believes that a major judgement applied is the use of the going concern principle which supports the valuation of assets included in the Statement of Financial Position.

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	0	0