Registered number
14252729
BLACK CUMIN PICTURES LTD
Filleted Accounts
31 July 2023
BLACK CUMIN PICTURES LTD
Registered number: 14252729
Balance Sheet
as at 31 July 2023
Notes 2023
£
Current assets
Work in progress 3,222,718
Debtors 3 139,478
Cash at bank and in hand 65,129
3,427,325
Creditors: amounts falling due within one year 4 (3,431,427)
Net current liabilities (4,102)
Net liabilities (4,102)
Capital and reserves
Called up share capital 100
Profit and loss account (4,202)
Shareholders' funds (4,102)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Derek Martin Williamson
Director
Approved by the board on 30 July 2024
BLACK CUMIN PICTURES LTD
Notes to the Accounts
for the period from 25 July 2022 to 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The company started production of the British qualifying high end television programme tentatively titled as "Kanneda" (the HETV). The production cost of the HETV at the balance sheet date is carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the HETV.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023
Number
Average number of persons employed by the company 16
3 Debtors 2023
£
VAT receivable 139,060
Other debtors 418
139,478
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 957,178
Advance for expenses 1,140,000
Taxation and social security costs 3,348
Other creditors 1,330,901
3,431,427
5 Related party transactions
During the period, Goddards Accountants Walton Ltd invoiced the Company for £1,020 towards payroll & other professional fee. Mr. Derek Williamson, the director of the Company is also a director of Goddards Accountants Walton Ltd.

At the balance sheet date of 31/07/2023, the Company received unsecured short term loan of £890,200 from The Filmcard Motion Pictures Ltd which is included under other creditors. Mr. Derek Williamson, the director of the Company was also director of The Filmcard Motion Pictures Ltd.

The director of companies confirm that all transactions between these companies has been on arms-length basis.
6 Controlling party
Mr. Derek Williamson, director and PSC of the Company is the ultimate controlling party.
7 Other information
BLACK CUMIN PICTURES LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 High Street
West Molesey
Surrey
KT8 2NA
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