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REGISTERED NUMBER: 06073967 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HAMMER FILM HOLDINGS LIMITED

HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMMER FILM HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J E Gore
J A J Lack





REGISTERED OFFICE: 16 Soho Square
London
United Kingdom
W1D 3QH





REGISTERED NUMBER: 06073967 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110,000 110,000
Tangible assets 5 928 -
Investments 6 1,372,536 1,372,536
1,483,464 1,482,536

CURRENT ASSETS
Debtors 7 499,290 390,583
Cash at bank 283,677 19,674
782,967 410,257
CREDITORS
Amounts falling due within one year 8 3,140,742 1,651,653
NET CURRENT LIABILITIES (2,357,775 ) (1,241,396 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(874,311

)

241,140

CAPITAL AND RESERVES
Called up share capital 1,084 1,084
Share premium 4,873,351 4,873,351
Retained earnings (5,748,746 ) (4,633,295 )
(874,311 ) 241,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)

BALANCE SHEET - continued
31 December 2023


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 31 January 2025 and were signed on its behalf by:





J A J Lack - Director


HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hammer Film Holdings Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the sale of both existing and new intellectual property. All turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of discounts, VAT and other related sales taxes.

Sales of existing intellectual property is based upon a percentage of the customers revenue generated by our customers for the use of the IP and can be subject to a minimum guaranteed fee. Turnover is recognised over the period of the deal in line with the revenue the customer has generated, reported to the company biannually in arrears.

Sale of new intellectual property arises from the charging of a flat fee for access to the IP for an exclusive period, with turnover recognised when the rights pass to the customer. Where the customer does not make any productions based on the IP by the end of the exclusive period, the rights revert back to the company. For any new intellectual property where customers utilise them for productions, additional turnover is receivable, measured at an agreed percentage of the production costs. Turnover is recognised upon the release of the production by the customer, Additional turnover is receivable if further productions are made.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Distribution rights are being amortised in line with income recognised.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. Subsequent measurement is at cost, net of accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - straight line over a period of 36 months

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.


HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 110,000
NET BOOK VALUE
At 31 December 2023 110,000
At 31 December 2022 110,000

Intangible assets capitalised relate to television rights acquired. The asset has yet to be brought into use and therefore no amortisation has been recognised.

HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 983
At 31 December 2023 983
DEPRECIATION
Charge for year 55
At 31 December 2023 55
NET BOOK VALUE
At 31 December 2023 928

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 3,596,216
PROVISIONS
At 1 January 2023
and 31 December 2023 2,223,680
NET BOOK VALUE
At 31 December 2023 1,372,536
At 31 December 2022 1,372,536

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Hammer Films Legacy Limited
Registered office: England & Wales
Nature of business: Film Rights Management
%
Class of shares: holding
Ordinary 100.00

Hammer Productions Limited
Registered office: England & Wales
Nature of business: Film Production
%
Class of shares: holding
Ordinary Shares 100.00

HAMMER FILM HOLDINGS LIMITED (REGISTERED NUMBER: 06073967)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS - continued

Squid Productions Limited
Registered office: England & Wales
Nature of business: Film Production
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,474 11,181
Amounts owed by group undertakings 449,413 375,402
Other debtors 23,403 4,000
499,290 390,583

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 120 876
Trade creditors 357,965 50,513
Amounts owed to group undertakings 2,526,686 1,476,936
Taxation and social security 56,575 34,492
Other creditors & accruals 199,396 88,836
3,140,742 1,651,653

9. RELATED PARTY DISCLOSURES

During the year, the company made purchases of £nil (2022: £40,000), and received funding of £103,284 (2022 : £15,031) from a related party, Network Distributing Limited, by virtue of a common statutory director, Jonathan Lack. At the year end, there was an amount payable to the related party of £182.715 (2022 : £79,431).

Additionally, KSL Corporate Limited was identified as a related party by virtue of a common statutory director, Jonathan Lack, who is also a shareholder of the related party. During the year, the company made purchases of £78,000 (2022 : £49,000). At the year end, there was an amount payable of £29,200 (2022 : £22,800).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is John Gore by virtue of his 100% shareholding in Hammer Films and Productions Holdings Limited.

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Hammer Films and Productions Holdings Limited by virtue of their 100% indirect shareholding in the Company.