Company Registration No. 13298150 (England and Wales)
Cheetah Productions UK Ltd.
Financial statements
for the year ended 31 March 2023
Pages for filing with the registrar
Cheetah Productions UK Ltd.
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Cheetah Productions UK Ltd.
Statement of financial position
As at 31 March 2023
31 March 2023
1
31 March
31 March
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
1,357
80
Cash at bank and in hand
100,296
157,947
101,653
158,027
Creditors: amounts falling due within one year
5
(96,652)
(153,026)
Net current assets
5,001
5,001
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
5,000
5,000
Total equity
5,001
5,001

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 26 March 2024 and are signed on its behalf by:
Ronald Hohauser
Director
Company Registration No. 13298150
Cheetah Productions UK Ltd.
Notes to the financial statements
For the year ended 31 March 2023
2
1
Accounting policies
Company information

Cheetah Productions UK Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

1.1
Reporting period

The current reporting period covers the period from 1 April 2022 to 31 March 2023. The prior period covered the reporting period 29 March 2021 to 31 March 2022 and therefore the financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated as detailed in note 10.

1.3
Turnover

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

 

The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Cheetah Productions UK Ltd.
Notes to the financial statements (continued)
For the year ended 31 March 2023
1
Accounting policies (continued)
3
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Cheetah Productions UK Ltd.
Notes to the financial statements (continued)
For the year ended 31 March 2023
1
Accounting policies (continued)
4
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions where practicable, else at the average rate over the period in which the transactions were incurred. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

There are no key accounting estimates within this entity for the current period.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

Year
Period ending
ending
31 March
31 March
2023
2022
Number
Number
Total
-
0
-
0

The directors did not receive any remuneration in the current year or prior period.

Cheetah Productions UK Ltd.
Notes to the financial statements (continued)
For the year ended 31 March 2023
5
4
Debtors
31 March
31 March
2023
2022
Amounts falling due within one year:
£
£
Amounts owed from fellow group undertakings
1
1
Other debtors
1,356
79
1,357
80

Amounts owed from fellow group undertakings due within one year are unsecured, interest free and repayable on demand.

5
Creditors: amounts falling due within one year
31 March
31 March
2023
2022
£
£
Trade creditors
8,137
-
0
Amounts owed to group undertakings
73,117
134,567
Other creditors
15,398
18,459
96,652
153,026

Amounts owed to group undertakings due within one year are unsecured, interest free and repayable on demand.

6
Called up share capital
31 March
31 March
31 March
31 March
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Isla MacGillivray
Statutory Auditors:
Saffery LLP
Cheetah Productions UK Ltd.
Notes to the financial statements (continued)
For the year ended 31 March 2023
6
8
Financial commitments, guarantees and contingent liabilities

From 27 May 2022, JPMorgan Chase Bank, N A, held a fixed and floating charge on all rights, title and interest, relating to the film produced by the company.

9
Related party transactions

The company has taken advantage of the exemption under paragraph 33.1a 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.

10
Parent company

The company's immediate parent undertaking is Legendary Pictures Funding, LLC, a company registered in the United States of America.

 

The smallest and largest group for which consolidated accounts are prepared and of which the company is a member, is Legendary Pictures, LLC, a company registered in the United States of America. Copies of the consolidated financial statements of Legendary Pictures, LLC can be obtained from 2900 W. Alameda Ave., 15th Floor, Burbank, CA 91505.

2023-03-312022-04-01false29 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedRonald HohauserAnne Hopsteinfalse132981502022-04-012023-03-31132981502023-03-31132981502022-03-3113298150core:ShareCapital2023-03-3113298150core:ShareCapital2022-03-3113298150core:RetainedEarningsAccumulatedLosses2023-03-3113298150core:RetainedEarningsAccumulatedLosses2022-03-3113298150bus:Director12022-04-012023-03-31132981502021-03-292022-03-3113298150core:CurrentFinancialInstruments2022-03-3113298150core:WithinOneYear2023-03-3113298150core:WithinOneYear2022-03-3113298150core:CurrentFinancialInstruments2023-03-3113298150bus:PrivateLimitedCompanyLtd2022-04-012023-03-3113298150bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3113298150bus:FRS1022022-04-012023-03-3113298150bus:Audited2022-04-012023-03-3113298150bus:Director22022-04-012023-03-3113298150bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP