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REGISTERED NUMBER: 12981551 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2022 TO 30TH APRIL 2023

FOR

ORIGIN FILM & TELEVISION LTD

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORIGIN FILM & TELEVISION LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023







DIRECTORS: L Wife
J G Gander
J Fishwick





REGISTERED OFFICE: Unit 2a
Henley Business Park
Normandy
Guilford
Surrey
GU3 2DX





REGISTERED NUMBER: 12981551 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,248,030 3,939,103

CURRENT ASSETS
Debtors 5 1,569,770 1,828,717
Cash at bank and in hand 14,854 26,484
1,584,624 1,855,201
CREDITORS
Amounts falling due within one year 6 (2,845,711 ) (2,185,071 )
NET CURRENT LIABILITIES (1,261,087 ) (329,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,986,943

3,609,233

CREDITORS
Amounts falling due after more than one
year

7

(2,650,760

)

(2,807,182

)

PROVISIONS FOR LIABILITIES 9 (144,835 ) (149,373 )
NET ASSETS 191,348 652,678

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 191,248 652,578
SHAREHOLDERS' FUNDS 191,348 652,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 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.

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

BALANCE SHEET - continued
30TH APRIL 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 18th March 2024 and were signed on its behalf by:





J G Gander - Director


ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023

1. STATUTORY INFORMATION

Origin Film & Television 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 10% on reducing balance

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023

2. ACCOUNTING POLICIES - continued

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 balance sheet 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 and cash and bank balances, 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.

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.

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.


ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2022 4,553,807 78,094 18,545 4,650,446
Additions 559,877 - - 559,877
Disposals (50,892 ) - - (50,892 )
At 30th April 2023 5,062,792 78,094 18,545 5,159,431
DEPRECIATION
At 1st November 2022 689,249 16,299 5,795 711,343
Charge for period 202,475 3,090 637 206,202
Eliminated on disposal (6,144 ) - - (6,144 )
At 30th April 2023 885,580 19,389 6,432 911,401
NET BOOK VALUE
At 30th April 2023 4,177,212 58,705 12,113 4,248,030
At 31st October 2022 3,864,558 61,795 12,750 3,939,103

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st November 2022 3,118,717 78,094 3,196,811
Additions 330,000 - 330,000
At 30th April 2023 3,448,717 78,094 3,526,811
DEPRECIATION
At 1st November 2022 294,571 16,299 310,870
Charge for period 141,207 3,090 144,297
At 30th April 2023 435,778 19,389 455,167
NET BOOK VALUE
At 30th April 2023 3,012,939 58,705 3,071,644
At 31st October 2022 2,824,146 61,795 2,885,941

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 697,218 928,947
Other debtors 624,412 648,979
1,321,630 1,577,926

Amounts falling due after more than one year:
Other debtors 248,140 250,791

Aggregate amounts 1,569,770 1,828,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 994 -
Hire purchase contracts and finance leases 650,919 330,164
Trade creditors 1,552,488 1,371,448
Taxation and social security 66,469 85,549
Other creditors 574,841 397,910
2,845,711 2,185,071

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases 2,650,760 2,807,182

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 3,301,679 3,137,346

Finance lease agreements are secured over the asset to which they relate.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 144,835 149,373

Deferred
tax
£   
Balance at 1st November 2022 149,373
Accelerated capital allowances (4,538 )
Balance at 30th April 2023 144,835

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

ORIGIN FILM & TELEVISION LTD (REGISTERED NUMBER: 12981551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2023

11. RELATED PARTY DISCLOSURES

Expenses includes costs incurred with companies under common control, as shown below.

Entity 2023 2022
£ £

MCR Broadcast Hire Limited - 5,360 Cost of sales
Video Europe Limited 1,255,411 3,817,350 Cost of sales

Debtors and creditors includes balances with companies under common control, as shown below.

Entity 2023 2022
£ £

MCR Broadcast Hire Limited 171,396 119,521 Other debtors
Cinewest Limited 43,706 - Other debtors
Video Europe Limited 1,156,234 1,106,531 Trade creditors
Video Europe Limited 470,131 294,481 Other creditors