Blink Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 77 Dean Street, London, United Kingdom, W1D 3SH.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
The average monthly number of persons (including directors) employed by the company during the year was:
National Westminster Bank PLC has secured monies totalling £1,700,000 due to them by way of a fixed and floating charge over the company and its assets.
The shares have full voting, dividend and capital distribution rights attached to them.
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
At the reporting end date the company had contracted with tenants for the following minimum lease payments:
At the year end a balance was owed to the company of £nil (2023: £6,175) in relation to J Studholme, a director of the company.
J Studholme is also a director and shareholder of Leisurezoo Limited from whom the company purchased production services on normal commercial terms of £368,329 (2023: £349,996) in the year. At year end the company owed Leisurezoo £54,999 (2023: £nil) included in accruals.
B Yates is a director and shareholder of Zingiber London Limited, the parent company, and of Badlands Limited from whom the company purchased production services on normal commercial terms of £nil (2023: £nil) in the year. There were no balances outstanding at the year end. B Yates is also the director of Monica Tostes Design Limited, from whom the company made purchases of £nil (2023: £1,973). B Yates is considered to be key management of Blink Productions Limited.
During the year the company made purchases of £165,863 (2023: £165,863) and sales of £3,153 (2023: £1,277) to and from Spanish Archer LLP. At the year end a balance was owed to the company of £nil. Spanish Archer LLP is a related party by virtue of M Sneade, J Studholme and B Yates being designated members of Spanish Archer LLP and directors of Blink Productions Limited or its ultimate parent company Zingiber London Limited. Blink Productions Limited has provided a guarantee to National Westminster Bank Plc of up to £2,216,250 in respect of a loan taken out by Spanish Archer LLP.
At the year end Blink Productions Limited was owed £204,524 (2023: £204,524). by Blink Inc., a company registered in the USA and under common control. At the year end, the balance has a provision against it of £204,524 (2023: £204,524). A total of £nil (2023: £nil) was repaid during the year in respect of this balance.
No amounts were written off in respect of any of these balances.
During the year Blink Productions Limited made sales of £3,237,488 (2023: £2,285,210) to Blink Animation Limited, a related party by virtues of common ownership. Blink Productions Limited made purchases of £1,524,105 (2023: £63,478) from Blink Animation Limited during this time. At the year end a balance of £460,042 (2023: £327,989) was owed from Blink Animation Limited.
During this period, Blink Productions Limited made sales of £3,010,702 (2023: £2,022,673) to Blink Industries Limited, a related party by virtues of common ownership. Blink Productions Limited made purchases of £nil (2023: £664,457) from Blink Animation Limited during this time. At the year end, a balance of £361,201 (2023: £474,332) was owed from Blink Industries Limited.
During this period, Blink Productions Limited made sales of £426,098 (2023: £433,044) to Major Tom Media Limited, a related party by virtue of common ownership. Blink Productions Limited made purchases of £1,000 (2023: £nil) from Major Tom Media Limited during this time. At the year end, a balance of £63,511 (2023: £177,880) was owed from Major Tom Limited to Blink Productions Limited.
During this period, Blink Productions Limited made sales of £nil (2023: £5,432) to Mystery Q Limited, a related party by virtue of common ownership. At the year end, a balance of £nil (2023: £nil) was owed from Mystery Q Limited.
During this period, Blink Productions Limited made sales of £nil (2023: £23,798) to Thayari Limited, a related party by virtue of common ownership. At the year end, a balance of £nil (2023: £477) was owed from Thayari Limited.