Python Productions Limited Filleted accounts for Companies House (small and micro)

PYTHON PRODUCTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 0988120

Python Productions Limited

Filleted Unaudited Accounts

31 March 2023

Python Productions Limited

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Current assets

Debtors	4	96		96
		----		----
Net current assets			96	96
			----	----
Total assets less current liabilities			96	96
			----	----

Capital and reserves

Called up share capital	96	96
	----	----
Shareholder funds	96	96
	----	----

These accounts 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.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- 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 were approved by the board of directors and authorised for issue on 15 March 2024 , and are signed on behalf of the board by:

M. Palin
Director

Company registration number: 0988120

Python Productions Limited

Notes to the Accounts

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Savoy Court, London, WC2R 0EX, England.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these accounts. There have been no movements in shareholder funds during the current year or prior year.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

4. Debtors

	2023	2022
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	96	96
	----	----

5. Related party transactions

The company was under the control of the directors throughout the current and previous year. The directors are the majority shareholders of the ultimate parent undertaking. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

6. Controlling party

The company's ultimate parent undertaking is Python (Monty) Pictures Limited . Copies of the financial statements of Python (Monty) Pictures Limited can be obtained from the Registrar of Companies in Cardiff.