BLACK CUMIN PICTURES LTD |
Registered number: |
14252729 |
Balance Sheet |
as at 31 July 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Current assets |
Work in progress |
|
|
3,546,061 |
|
|
3,222,718 |
Debtors |
3 |
|
571,949 |
|
|
139,478 |
Cash at bank and in hand |
|
|
6,252 |
|
|
65,129 |
|
|
|
4,124,262 |
|
|
3,427,325 |
|
Creditors: amounts falling due within one year |
4 |
|
(3,623,641) |
|
|
(3,431,427) |
|
Net current assets/(liabilities) |
|
|
|
500,621 |
|
|
(4,102) |
|
Net assets/(liabilities) |
|
|
|
500,621 |
|
|
(4,102) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
500,521 |
|
|
(4,202) |
|
Shareholders' funds |
|
|
|
500,621 |
|
|
(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 17 September 2024 |
|
BLACK CUMIN PICTURES LTD |
Notes to the Accounts |
for the year ended 31 July 2024 |
|
|
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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The company is currently producing the British qualifying high end television programme tentatively titled as "Kanneda" (the HETV). All of the turnover recognised by the Company relates only to this HETV. |
|
|
Cost of sales |
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Production cost of the HETV is recognised in the profit and loss account as cost of sales for the amount of funding received. Balance production cost is carried forward as work in progress and is deemed recoverable from the future income/revenue of the HETV. |
|
|
Work in progress |
|
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance 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. |
|
|
Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the HETV. Deferred tax assets based on timing difference is not applicable in respect of this Company's claim for tax credit. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
16 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
VAT receivable |
5,008 |
|
139,060 |
|
Other debtors |
566,941 |
|
418 |
|
|
|
|
|
|
571,949 |
|
139,478 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
2,258,811 |
|
957,178 |
|
Advance for expenses |
- |
|
1,140,000 |
|
Taxation and social security costs |
- |
|
3,348 |
|
Other creditors |
1,364,830 |
|
1,330,901 |
|
|
|
|
|
|
3,623,641 |
|
3,431,427 |
|
|
|
|
|
|
|
|
|
|
5 |
Related party transactions |
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During the year ending 31/07/2024, Goddards Accountants Walton Ltd invoiced the Company for £34 (31/07/2023: £1,020). Mr. Derek Williamson, the director of the Company is also a director of Goddards Accountants Walton Ltd. During the year ending 31/07/2024, Williamsons Consultants Ltd invoiced the Company for £1,000 (31/07/2023: NIL). Mr. Derek Williamson, the director of the Company is also a director of Williamsons Consultants Ltd. At the balance sheet date of 31/07/2024, unsecured short term loan payable to The Filmcard Motion Pictures Ltd is £865,596 (31/07/2023: £890,200) which is included under other creditors. Mr. Derek Williamson, the director of the Company was director of The Filmcard Motion Pictures Ltd. The director of companies confirm that all transactions between these companies has been on arms-length basis. |
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6 |
Controlling party |
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Mr. Derek Williamson, director and PSC of the Company is the ultimate controlling party. |
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7 |
Other information |
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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 |