KCD FILMS LIMITED

Company Registration Number:
04087868 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

KCD FILMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

KCD FILMS LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Charles William Dale
Graeme Clapperton
Julian Kean
Secretary: Charles William Dale
Registered office: Millcroft Cottage
Bosbury
Ledbury
England
HR8 1QE
Company Registration Number: 04087868 (England and Wales)

KCD FILMS LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The principal activity of the company is that of the development and production of feature film projects. In this period, the company was solely involved in the continuing marketing of the feature film “The Devil’s Tattoo” (a.k.a. “Ghost Rig”).

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Charles William Dale
Graeme Clapperton
Julian Kean

Secretary
Charles William Dale

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: Charles William Dale
Status: Director

Name: Graeme Clapperton
Status: Director

KCD FILMS LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Administrative Expenses ( 117 ) ( 117 )
Operating Profit or (Loss) ( 117 ) ( 117 )
Interest Receivable and Similar Income 21 8
Profit or (Loss) Before Tax ( 96 ) ( 109 )
Profit or (Loss) for Period ( 96 ) ( 109 )

The notes form part of these financial statements

KCD FILMS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 150 150
Cash at bank and in hand: 56,531 58,333
Total current assets: 56,681 58,483
Creditors: amounts falling due within one year: 5 ( 29,647 ) ( 29,530 )
Net current assets (liabilities): 27,034 28,953
Total assets less current liabilities: 27,034 28,953
Total net assets (liabilities): 27,034 28,953

The notes form part of these financial statements

KCD FILMS LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 41 41
Revaluation reserve: 6 71,527 73,350
Profit and loss account: ( 44,534 ) ( 44,438 )
Shareholders funds: 27,034 28,953

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: Charles William Dale
Status: Director

Name: Graeme Clapperton
Status: Director

The notes form part of these financial statements

KCD FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the value of revenues, net of VAT and other withholding taxes, and is recognised as proceeds are received by the company.

    Tangible fixed assets depreciation policy

    The Directors consider that the company had no fixed assets of any material realisable value as at the end of the financial period. Consequently no depreciation is provided in the financial results for the period.

    Valuation information and policy

    Foreign currency transactions are recorded at the rate of exchange ruling at the date on which the relevant payments or proceeds are translated into sterling. All foreign currency assets and liabilities at the period end are reported in sterling at the rate of exchange ruling at the balance sheet date.

    Any differences on exchange arising from the retranslation to closing rates of the opening value of assets and liabilities are taken to reserves and are reported in the statement of total recognised gains and losses. All other foreign exchange differences are taken to the profit and loss account.

KCD FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

KCD FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

KCD FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors


2023
£

2022
£
Other debtors 150 150
Total 150 150

Other debtors represent sums owed to the company from Eglon Media Ltd.

KCD FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Other creditors 29,647 29,530
Total 29,647 29,530

The majority of other creditors represent the share of revenues payable, determined by a Production Funding Agreement between KCD Films Ltd and Scottish Screen whereby, in return for funding from the National Lottery Fund, the two parties will share any net revenues from the “The Devil’s Tattoo” production.

KCD FILMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Revaluation reserve


2023
£
Balance at 01 January 2023 73,350
Surplus or deficit after revaluation ( 1,823 )
Balance at 31 December 2023 71,527

The deficit for the period reflects the translation of all foreign currency assets and liabilities at the period end, which are reported in sterling at the rate of exchange ruling at the balance sheet date.