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REGISTERED NUMBER: 06270031 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FILM EXPORT UK LIMITED

FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Independent Auditors 2

Income Statement 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


FILM EXPORT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C C O Couret Delegue
S L R Crowe
F D Westerhoff
N A R E Falkland
J Vilsmaier





SECRETARY: G P Carley





REGISTERED OFFICE: 2nd Floor Windsor House
40-41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 06270031 (England and Wales)





AUDITORS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILM EXPORT UK LIMITED

Although the company is only required to file a Balance Sheet, requires the accompanying Report of the Auditors to be a copy of our report to the members on the company's full Financial Statements and Report of the Directors. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors, referred to in the copy of our Report of the Auditors, are not required to be filed with the Registrar of Companies.

Opinion
We have audited the financial statements of Film Export UK Limited (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its surplus for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note nine to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILM EXPORT UK LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page nil, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FILM EXPORT UK LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- we gained an understanding of the legal and regulatory framework applicable to the company and the industry in
which it operates and considered the risk of acts by the company being contrary to applicable laws and
regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement
in the financial statements, including, but not limited to, the Companies Act 2006, tax legislation, and the laws in
relation to the Government's Job Retention Scheme.
- we assessed the susceptibility of the company's financial statements to material misstatement, including how
fraud might occur, by understanding where there was a susceptibility of fraud.
- we obtained an understanding of the procedures and controls that the company has established to address risks
identified, or that otherwise prevent, deter and detect fraud. Where the risk was considered to be higher, we
performed audit procedures to address each identified fraud risk.
- based on the understanding obtained we designed audit procedures to identify non-compliance with the laws and
regulations, as noted above. This included enquiries of management, and reviewing relevant correspondence with
regulators and authorities.
- we tested manual journal entries, including those to revenue, focusing on journal entries containing
characteristics of audit interest.
- we tested and challenged the key estimates and judgements made by management in preparing the financial
statements for indications of bias or management override when presenting the results and financial position of
the company.
- we also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout
the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognizing that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael Stone (Senior Statutory Auditor)
for and on behalf of Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

18 July 2024

FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£    £   

TURNOVER 344,247 380,945

Administrative expenses (329,830 ) (371,793 )
OPERATING SURPLUS 14,417 9,152

Interest receivable and similar income 14 96
14,431 9,248

Interest payable and similar expenses (395 ) (1,134 )
SURPLUS BEFORE TAXATION 14,036 8,114

Tax on surplus (21 ) -
SURPLUS FOR THE FINANCIAL YEAR 14,015 8,114

FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 4,655 16,546
Cash at bank 29,547 25,980
34,202 42,526
CREDITORS
Amounts falling due within one year 6 (18,435 ) (25,137 )
NET CURRENT ASSETS 15,767 17,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,767

17,389

CREDITORS
Amounts falling due after more than one
year

7

-

(15,637

)
NET ASSETS 15,767 1,752

RESERVES
Income and expenditure account 15,767 1,752
15,767 1,752

The 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 18 July 2024 and were signed on its behalf by:





S L R Crowe - Director


FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Retained Total
earnings equity
£    £   
Balance at 1 April 2022 (6,362 ) (6,362 )

Changes in equity
Total comprehensive income 8,114 8,114
Balance at 31 March 2023 1,752 1,752

Changes in equity
Total comprehensive income 14,015 14,015
Balance at 31 March 2024 15,767 15,767

FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Film Export UK Limited is a private company, limited by guarantee , 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 the total amount of fees and subscriptions received by the company excluding value added tax, in the ordinary course of its business.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation has been calculated to write off the cost of tangible fixed assets over their expected useful lives at the following rates based on cost:

Office equipment 20%

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants and other third party contributions are accounted for in the year in which they are receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,744
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,744
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 4,655 16,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 6,913
Corporation tax 3 -
Social security and other taxes 12,020 11,814
Other creditors 2,362 2,360
Accruals and deferred income 4,050 4,050
18,435 25,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due between
1 & 2 years - 6,740
Bank loans due between
2 & 5 years - 8,897
- 15,637

8. RELATED PARTY DISCLOSURES

The directors of Film Export UK Ltd are associated with various other companies some of which are members of Film Export UK Ltd. The membership terms for these companies are the same as for independent members.

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

FILM EXPORT UK LIMITED (REGISTERED NUMBER: 06270031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES - continued

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

10. GOVERNMENT GRANTS

During the year under review total grants were received of £189,574 (2023: £214,141) from the British Film Institute's International Fund and are included in the company's turnover. The grants were received as a contribution towards the cost of a presence at various international film festivals and trade shows.