IRIS Accounts Production v23.3.1.45 06605208 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066052082022-05-31066052082023-05-31066052082022-06-012023-05-31066052082021-05-31066052082021-06-012022-05-31066052082022-05-3106605208ns10:Originalns15:EnglandWales2022-06-012023-05-3106605208ns14:PoundSterlingns10:Original2022-06-012023-05-3106605208ns10:Originalns10:Director12022-06-012023-05-3106605208ns10:Original2022-06-012023-05-3106605208ns10:Original2023-05-3106605208ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3106605208ns10:Originalns10:SmallEntities2022-06-012023-05-3106605208ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3106605208ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3106605208ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3106605208ns10:Originalns10:FullAccounts2022-06-012023-05-3106605208ns10:Originalns10:Director22022-06-012023-05-3106605208ns10:Originalns10:RegisteredOffice2022-06-012023-05-3106605208ns10:Original2022-05-3106605208ns10:Originalns5:CurrentFinancialInstruments2023-05-3106605208ns10:Originalns5:CurrentFinancialInstruments2022-05-3106605208ns5:ShareCapitalns10:Original2023-05-3106605208ns5:ShareCapitalns10:Original2022-05-3106605208ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3106605208ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3106605208ns10:Original2021-06-012022-05-3106605208ns10:Originalns5:PlantMachinery2022-05-3106605208ns10:Originalns5:FurnitureFittings2022-05-3106605208ns10:Originalns5:MotorVehicles2022-05-3106605208ns10:Original2022-05-3106605208ns10:Originalns5:PlantMachinery2022-06-012023-05-3106605208ns10:Originalns5:FurnitureFittings2022-06-012023-05-3106605208ns10:Originalns5:MotorVehicles2022-06-012023-05-3106605208ns10:Originalns5:PlantMachinery2023-05-3106605208ns10:Originalns5:FurnitureFittings2023-05-3106605208ns10:Originalns5:MotorVehicles2023-05-3106605208ns10:Originalns5:PlantMachinery2022-05-3106605208ns10:Originalns5:FurnitureFittings2022-05-3106605208ns10:Originalns5:MotorVehicles2022-05-3106605208ns10:Originalns5:CostValuation2022-05-3106605208ns10:Originalns5:AdditionsToInvestments2023-05-3106605208ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-05-3106605208ns10:Originalns5:CostValuation2023-05-3106605208ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3106605208ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 06605208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Thompson Pictures Ltd

Thompson Pictures Ltd (Registered number: 06605208)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thompson Pictures Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Ms J M R Thompson
D M Thompson





REGISTERED OFFICE: 15 Brookfield Park
London
NW5 1ES





REGISTERED NUMBER: 06605208 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Thompson Pictures Ltd (Registered number: 06605208)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,039 4,229
Investments 5 1,460,755 1,088,550
1,462,794 1,092,779

CURRENT ASSETS
Debtors 6 335,854 482,565
Cash at bank 1,160,784 1,418,970
1,496,638 1,901,535
CREDITORS
Amounts falling due within one year 7 5,173 4,005
NET CURRENT ASSETS 1,491,465 1,897,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,954,259

2,990,309

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,954,257 2,990,307
2,954,259 2,990,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Thompson Pictures Ltd (Registered number: 06605208)

Balance Sheet - continued
31 May 2023


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 21 February 2024 and were signed on its behalf by:





D M Thompson - Director


Thompson Pictures Ltd (Registered number: 06605208)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Thompson Pictures Ltd 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 preparing 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% straight line
Equipment - 25% straight line
Electric Bike - 25% straight line

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

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.

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 year 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.

Thompson Pictures Ltd (Registered number: 06605208)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
User
defined Motor
asset Equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2022 2,333 4,204 10,500 17,037
Additions - 1,200 - 1,200
At 31 May 2023 2,333 5,404 10,500 18,237
DEPRECIATION
At 1 June 2022 729 4,204 7,875 12,808
Charge for year 583 182 2,625 3,390
At 31 May 2023 1,312 4,386 10,500 16,198
NET BOOK VALUE
At 31 May 2023 1,021 1,018 - 2,039
At 31 May 2022 1,604 - 2,625 4,229

Thompson Pictures Ltd (Registered number: 06605208)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 110 1,088,440 1,088,550
Additions - 399,037 399,037
Revaluations - (26,832 ) (26,832 )
At 31 May 2023 110 1,460,645 1,460,755
NET BOOK VALUE
At 31 May 2023 110 1,460,645 1,460,755
At 31 May 2022 110 1,088,440 1,088,550

Cost or valuation at 31 May 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 372,205 372,205
Cost 110 1,088,440 1,088,550
110 1,460,645 1,460,755

Aggregate capital and reserves

2023 2022
£    £   
The Woman in White Productions Ltd 100 100
Hope Gap Productions Ltd 10 10


The company owns 100% of the issued share capital of The Woman in White Productions Limited and Hope Gap Productions Ltd.

The principal activity of all companies is that of the development and production of theatrical feature films and television. All companies are incorporated in England and Wales.

Profit and (loss) for the year

2023 2022
£    £   
The Woman in White Productions Ltd - -
Hope Gap Productions Ltd - -

Thompson Pictures Ltd (Registered number: 06605208)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by group undertakings 12,000 459,000
Other debtors 323,761 23,565
VAT 93 -
335,854 482,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 91 -
Amounts owed to group undertakings 2,272 2,286
Other creditors 1,810 1,719
Accruals and deferred income 1,000 -
5,173 4,005

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year one of the directors received financial benefits of £449,192 (2022: £23,970) from the company and incurred expenses of £125,431 (2022: £476) on behalf of the company. The director made loan repayments of £323,761 (2022: £289,537) including interest within nine months after year-end.
There was a notional interest at the rate of 2.25% (2022: 2.25%) amounting to £3,458 (2022: £3,565) charged to the directors' loan account.
There was a balance of £323,761 (2022: £23,491) due to the company at the balance sheet date.

9. RELATED PARTY DISCLOSURES

The company was under the joint control of Mr and Mrs Thompson throughout the current and previous years. Mr and Mrs Thompson are directors of the company.
Thompson Pictures Ltd did not provide production services to Origin Pictures Ltd this year or in the prior year. At the year end £2,162 (2022: £2,162) was owed to Origin Pictures Ltd by Thompson Pictures Ltd. Thompson Pictures Ltd owed Origin Pictures Ltd £12,000 at the year end. D Thompson is a controlling party in Origin Pictures Ltd.
During the year the company paid a salary of £9,067 (2022: £8,750) and dividends of £35,000 (2022: £nil) to S Thompson. S Thompson is a minority shareholder and the daughter of Mr and Mrs Thompson, the directors.

The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
The company has taken advantage available under FRS 102 Section 1A to not disclose transactions with fully owned subsidiaries.