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REGISTERED NUMBER: 04088069 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022

FOR

A PRODUCTIONS LIMITED

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A PRODUCTIONS LIMITED

COMPANY INFORMATION
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022







DIRECTORS: A M Taylor
Mrs K A McQueen
Ms C Bossel
Ms D Bourse





REGISTERED OFFICE: 52 Old Market Street
Bristol
BS2 0ER





REGISTERED NUMBER: 04088069 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,772 271,417
Investments 5 501 401
117,273 271,818

CURRENT ASSETS
Debtors 6 1,381,235 1,047,369
Cash at bank and in hand 2,449,604 769,200
3,830,839 1,816,569
CREDITORS
Amounts falling due within one year 7 953,225 873,762
NET CURRENT ASSETS 2,877,614 942,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,994,887

1,214,625

PROVISIONS FOR LIABILITIES 9 21,086 10,730
NET ASSETS 2,973,801 1,203,895

CAPITAL AND RESERVES
Called up share capital 10 1,055 1,000
Share premium 299,946 -
Retained earnings 2,672,800 1,202,895
SHAREHOLDERS' FUNDS 2,973,801 1,203,895

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

BALANCE SHEET - continued
31 DECEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





A M Taylor - Director


A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

A Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparation for the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about A Productions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts earned from the sale of goods and services provided during the year.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance

No depreciation has been provided on the long leasehold property in the year as it was sold shortly after the year end.

Government grants
The company furloughed staff under the Government's Coronavirus Job Retention Scheme (CJRS) in the prior year. Income receivable under the CJRS and relating to the accounting year has been recognised as Other Operating Income under the accruals basis. Salaries paid continue to be included with costs as usual.

The company also received other grant payments during the year. These have been recognised as Other Operating Income when received.

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 period end and that are expected to apply to the reversal of the timing difference.

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.

Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
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.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Fees received in advance
Monies received in respect of television series production in progress at the balance sheet date are initially treated as deferred income. Income is recognised on contract completion or when the right to consideration is earned, in accordance with FRS102.

Going concern
The directors have reviewed the going concern status of the business and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 108 (2021 - 48 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Equipment Totals
£    £    £    £    £   
COST
At 1 August 2021 210,713 3,932 27,015 86,629 328,289
Additions - 3,416 77,436 32,255 113,107
Disposals (210,713 ) - - - (210,713 )
At 31 December 2022 - 7,348 104,451 118,884 230,683
DEPRECIATION
At 1 August 2021 - 2,398 11,203 43,271 56,872
Charge for period - 1,753 28,775 26,511 57,039
At 31 December 2022 - 4,151 39,978 69,782 113,911
NET BOOK VALUE
At 31 December 2022 - 3,197 64,473 49,102 116,772
At 31 July 2021 210,713 1,534 15,812 43,358 271,417

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2021 401
Additions 100
At 31 December 2022 501
NET BOOK VALUE
At 31 December 2022 501
At 31 July 2021 401

The company's investments at the Balance Sheet date in the share capital of companies include the following:

APST Limited
Registered office: 52 Old Market Street, Bristol, BS2 0ER
Nature of business: Film production - trading from 1 Feb 2018
%
Class of shares: holding
Ordinary 100.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 100 100

APMEOS Limited
Registered office: 52 Old Market Street, Bristol, BS2 0ER
Nature of business: Film production - trading from July 2019
%
Class of shares: holding
Ordinary 100.00
31.7.22 31.7.21
£    £   
Aggregate capital and reserves 1 1

KAPRODS Ltd
Registered office: 52 Old Market Street, Bristol, BS2 0ER
Nature of business: Film production - trading from November 2018
%
Class of shares: holding
Ordinary 50.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 200 200

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

5. FIXED ASSET INVESTMENTS - continued

APEPT Ltd
Registered office: 52 Old Market Street, Bristol, BS2 0ER
Nature of business: Film production - trading from 3 July 2020
%
Class of shares: holding
Ordinary 100.00
31.12.22 31.7.21
£    £   
Aggregate capital and reserves 85,055 313,509

APDG Ltd
Registered office: 15 Colston Street, Bristol, BS1 5AP
Nature of business: Film production - trading from 13 July 2022
%
Class of shares: holding
Ordinary 100.00
31.12.22
£   
Aggregate capital and reserves 28,938

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,219 1,421
Amounts owed by group undertakings 886,922 475,986
Other debtors 98,865 330,398
Corporation tax repayable - 9,214
Prepayments and accrued income 390,229 230,350
1,381,235 1,047,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 46,006 47,800
Amounts owed to group undertakings 16 -
Corporation tax 372,059 100,257
Social security and other taxes 65,842 66,849
VAT 134,930 50,684
Other creditors 19,201 23,811
Director's current account - 139,499
Accruals and deferred income 315,171 444,862
953,225 873,762

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 97,160 81,242
Between one and five years 182,879 217,896
280,039 299,138

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 21,918 11,394
Other timing differences (832 ) (664 )
21,086 10,730

Deferred
tax
£   
Balance at 1 August 2021 10,730
Charge to Income Statement during period 10,356
Balance at 31 December 2022 21,086

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
NIL Ordinary Class A - £1 £1 - 350
NIL Ordinary Class B - £1 £1 - 100
NIL Ordinary Class C - £1 £1 - 100
NIL Ordinary Class D - £1 £1 - 450
6,049 A Ordinary - 10p 10p 605 -
2,254 B Ordinary - 10p 10p 225 -
2,254 C Ordinary - 10p 10p 225 -
1,055 1,000

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

10. CALLED UP SHARE CAPITAL - continued

On 22 December 2021, the 350 Ordinary A shares of £1 each were sub-divided into 3,500 Ordinary A shares of £0.10 each, the 100 Ordinary B shares of £1 each were sub-divided into 1,000 Ordinary B shares of £0.10 each, the 100 Ordinary C shares of £1 each were sub-divided into 1,000 Ordinary C shares of £0.10 each and the 450 Ordinary D shares of £1 each were sub-divided into 4,500 Ordinary D shares of £0.10 each.

On 31 December 2021, 754 Ordinary A shares of £0.10 each, 1,000 Ordinary B shares of £0.10 each and 500 Ordinary C shares of £0.10 each were re-designated as 2,254 B Ordinary shares of £0.10 each.

On 31 December 2021, 500 Ordinary C shares of £0.10 each and 1,754 Ordinary D shares of £0.10 each were re-designated as 2,254 C Ordinary shares of £0.10 each.

On 31 December 2021, 2,746 Ordinary A shares of £0.10 each and 2,746 Ordinary D shares of £0.10 each were re-designated as 5,492 A Ordinary shares of £0.10 each.

On 31 December 2021, the company allotted 557 A Ordinary Shares for a consideration of £300,000.

A PRODUCTIONS LIMITED (REGISTERED NUMBER: 04088069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 AUGUST 2021 TO 31 DECEMBER 2022

11. RELATED PARTY DISCLOSURES

During the period rent and rates of £45,920 (2021 - £27,341) were paid to MRD Properties Limited, a company in which A M Taylor holds a 33% interest.

During the period rent and service charges of £111,159 (2021 - £24,935) were paid to the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen.

During the period, the company made loans of £Nil (2021 - £299,400) to the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen. Interest amounting to £9,274 (2021 - £2,962) was paid by the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen to A Productions Limited during the period. The company was owed £95,924 (2021 - £290,798) by the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen at the end of the period.The loans are repayable over 10 years and attract interest of 3% per annum.

During the period the company made sales of £2,771,191 (2021 - £660,746) to and settled liabilities of £596,255 (2021 - £108,882) on behalf of it's wholly owned subsidiary, APST Limited. At the period end A Productions Limited was owed £280,665 by APST Limited (2021 - £313,787). No interest is charged on this loan.

During the period the company made sales of £5,223,812 (2021 - £1,062,337) to it's wholly owned subsidiary, APMEOS Limited. At the period end A Productions Limited was owed £200,099 by APMEOS Limited (2021 - £105). No interest is charged on this loan.

During the period the company made sales of £1,209,027 (2021 - £1,568,878) to it's wholly owned subsidiary, APEPT Ltd. At the period end A Productions Limited was owed £21,585 by APEPT Ltd (2021 - £75,762). No interest is charged on this loan.

During the period the company made sales of £523,729 (2021 - £313,636) to it's 50% owned subsidiary, KAPRODS Ltd. At the period end A Productions Limited owed KAPRODS Ltd £16 (2021 - KAProds owed £86,332). No interest was charged on this loan.

During the period the company made sales of £119,222 to it's wholly owned subsidiary, APDG Ltd. At the period end A Productions Limited was owed £184,573 by APDG Ltd. No interest was charged on this loan.

At 31 December 2022 the company was owed £200,000 by its immediate parent company Cyber Group Studios.

At the period end the company owed a total of £Nil (2021 - £132,194) to the director, A M Taylor. No interest is charged on this balance.

At the period end the company owed a total of £Nil (2021 - £7,305) to the director, K A McQueen. No interest is charged on this balance.

12. ULTIMATE CONTROLLING PARTY

The company was under the control of A M Taylor and his wife and Mrs K A McQueen until 22 December 2021 when Cyber Group Studios acquired a controlling interest in the company.

There is no one ultimate controlling party of Cyber Group Studios.