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REGISTERED NUMBER: 07600300 (England and Wales)















Jam Films Ltd

Unaudited Financial Statements For The Year Ended 30 April 2024






Jam Films Ltd (Registered number: 07600300)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jam Films Ltd

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mr Jordan Andreopoulos
Dr Mark Amit Robinson
Mr E Olgun-Knight
Mr P Young





REGISTERED OFFICE: 348 Goswell Road
London
EC1V 7LQ





REGISTERED NUMBER: 07600300 (England and Wales)

Jam Films Ltd (Registered number: 07600300)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 145,678 176,225

CURRENT ASSETS
Debtors 5 186,303 790,774
Cash at bank and in hand 230,883 174,964
417,186 965,738
CREDITORS
Amounts falling due within one year 6 (242,733 ) (525,634 )
NET CURRENT ASSETS 174,453 440,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,131

616,329

PROVISIONS FOR LIABILITIES (36,420 ) (44,056 )
NET ASSETS 283,711 572,273

CAPITAL AND RESERVES
Called up share capital 112 112
Retained earnings 283,599 572,161
SHAREHOLDERS' FUNDS 283,711 572,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Jam Films Ltd (Registered number: 07600300)

Balance Sheet - continued
30 April 2024


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 12 August 2024 and were signed on its behalf by:




Mr Jordan Andreopoulos - Director



Dr Mark Amit Robinson - Director


Jam Films Ltd (Registered number: 07600300)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Jam Films 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
The turnover shown in the profit and loss account represents services performed during the year, exclusive of Value Added Tax. 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Jam Films Ltd (Registered number: 07600300)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 107,600 59,732 287,982 455,314
Additions - - 17,345 17,345
At 30 April 2024 107,600 59,732 305,327 472,659
DEPRECIATION
At 1 May 2023 2,869 33,949 242,271 279,089
Charge for year 2,095 6,446 39,351 47,892
At 30 April 2024 4,964 40,395 281,622 326,981
NET BOOK VALUE
At 30 April 2024 102,636 19,337 23,705 145,678
At 30 April 2023 104,731 25,783 45,711 176,225

The net book value of tangible fixed assets includes £NIL in respect of assets held under hire purchase contracts or finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,575 768,961
Other debtors 6,380 3,254
Directors' current accounts 15,240 -
Prepayments 12,108 18,559
186,303 790,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,208 55,756
Tax 53,385 139,847
Social security and other taxes 25,618 21,161
VAT 76,388 154,469
Other creditors 43,034 125,827
Directors' current accounts 982 2,656
Accrued expenses 5,118 25,918
242,733 525,634

Jam Films Ltd (Registered number: 07600300)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

7. RELATED PARTY DISCLOSURES

During the year the company paid out £350,000 (£392,000 in 2023) as dividends to R&A Holdings (London) Limited.

At the year end R&A Holdings (London) Limited owed the company £3,025 (£9,597 owed by the company in 2023).

At the year end Jam VFX Brighton Limited was owed by the company £171,014 (£81,954 in 2023)

At the year end date the company owed the directors £742 (£2,656 in 2023).

8. ULTIMATE CONTROLLING PARTY

R&A Holdings (London) Ltd has a controlling interest as it owns over 75% of the share capital throughout the current and previous year.