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Registered number: 08841726

Seven Seas Productions Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Seven Seas Productions Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Jonathan Montague
Helen Pudney
REGISTERED OFFICE
23 Berkeley Square
Mayfair
London
W1J 6HE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08841726
BANKERS
Barclays & Lloyds
ACCOUNTANTS
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Seven Seas Productions Limited

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report3
Accountants' Report5
Statement Of Comprehensive Income6
Balance Sheet7
Notes To The Accounts8
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Seven Seas Productions Limited

DIRECTORS' REPORT
FOR THEYEARENDED31/12/2024
The directors present their report and accounts for theyearended31/12/2024
DIRECTORS
The directors who served during theyearwere as follows:
Jonathan Montague
Helen Pudney
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on11/02/2025
Jonathan Montague
Director

Seven Seas Productions Limited

FOR THEYEARENDED31/12/2024
STRATEGIC REPORT
This report was approved by the board on11/02/2025
Jonathan Montague
Director

Seven Seas Productions Limited

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF SEVEN SEAS PRODUCTIONS LIMITED, FOR THE YEAR ENDED 31/12/2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seven Seas Productions Limited for the year ended 31/12/2024 as set out on pages 6 to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the FMAAT, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Seven Seas Productions Limited, as a body, in accordance with the terms of our engagement letter dated 01/10/2018. Our work has been undertaken solely to prepare for your approval the accounts of Seven Seas Productions Limited and state those matters that we have agreed to state to the Board of Directors of Seven Seas Productions Limited, as a body, in this report, in accordance with the requirements of the FMAAT as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seven Seas Productions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Seven Seas Productions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Seven Seas Productions Limited. You consider that Seven Seas Productions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Seven Seas Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
David Stott Accountancy Services
59 Medhurst Crescent
Gravesend
Kent
DA12 4HJ

Seven Seas Productions Limited

STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED31/12/2024
Notes20242023
££
TURNOVER790,798348,270
Cost of sales(30,912)(284,152)
GROSS PROFIT759,88664,118
Distribution costs and selling expenses(40,263)(16,276)
Administrative expenses(207,267)(361,253)
OPERATING PROFIT / (LOSS)512,356(313,411)
Interest payable and similar charges(3,682)(1,425)
PROFIT / (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION508,674(314,836)
PROFIT / (LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION508,674(314,836)

Seven Seas Productions Limited

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Intangible assets412,321,3357,321,335
Tangible assets5455,042597,919
12,776,3777,919,254
CURRENT ASSETS
Stock660,000615,000
Debtors721,433,8029,368,064
Cash at bank and in hand227,024-
22,320,8269,983,064
CREDITORS: Amounts falling due within one year8458,776405,605
NET CURRENT ASSETS21,862,0509,577,459
TOTAL ASSETS LESS CURRENT LIABILITIES34,638,42717,496,713
CREDITORS: Amounts falling due after more than one year928,19835,158
NET ASSETS34,610,22917,461,555
CAPITAL AND RESERVES
Called up share capital1030,000,00013,360,000
Revaluation reserve1g,115,160,0005,160,000
Profit and loss account(549,771)(1,058,445)
SHAREHOLDERS' FUNDS34,610,22917,461,555
For the year ending 31/12/2024 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.
Approved by the board on 11/02/2025 and signed on their behalf by
.............................
Jonathan Montague
Director

Seven Seas Productions Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Seven Seas Productions Limited

1g. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20242023
No.No.
Average number of employees44
3. TAX ON ORDINARY ACTIVITIES
20242023
££
4. INTANGIBLE FIXED ASSETS
DevelopmentPurchased
CostsPatentsGoodwillTotal
££££
Cost
At 01/01/20245,056,3352,265,000116,2357,437,570
Additions-5,000,000-5,000,000
At 31/12/20245,056,3357,265,000116,23512,437,570
Depreciation
At 01/01/2024--116,235116,235
At 31/12/2024--116,235116,235
Net Book Amounts
At 31/12/20245,056,3357,265,000-12,321,335
At 31/12/20235,056,3352,265,000-7,321,335

Seven Seas Productions Limited

5. TANGIBLE FIXED ASSETS
Short LeaseholdPlant and
PropertiesMachineryEquipmentMotor CarsTotal
£££££
Cost
At 01/01/20241,7801,031,349834,00083,6501,950,779
Additions---28,85328,853
Disposals--(435,000)-(435,000)
At 31/12/20241,7801,031,349399,000112,5031,544,632
Depreciation
At 01/01/2024890558,324719,99673,6501,352,860
Disposals--(335,000)-(335,000)
For the year-67,445-4,28571,730
At 31/12/2024890625,769384,99677,9351,089,590
Net Book Amounts
At 31/12/2024890405,58014,00434,568455,042
At 31/12/2023890473,025114,00410,000597,919
6. STOCK 20242023
££
Stock comprises:
Stock365,000345,000
Work in progress295,000270,000
660,000615,000
7. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors566,000166,000
Amounts Due Under Contract348,270348,270
VAT16,04862,144
Other debtors264,15014,150
1,194,468590,564
Amounts falling due over more than one year
Called Up Share Capital Not Paid Not Expressed As Current Asset20,239,3348,777,500
20,239,3348,777,500
21,433,8029,368,064

Seven Seas Productions Limited

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account JM194,484189,167
Directors current account HP150,883110,881
Bank loans and overdrafts-4,994
Finance leases-8,919
Trade creditors110,15991,644
Accruals3,250-
458,776405,605
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr28,19835,158
28,19835,158
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
300000 Ordinary shares of £100 each30,000,00013,360.000
30,000,00013,360,000
New shares issued during period:
164000 Ordinary shares of £100 each16,400,0000
16,640,000-
The Board have agreed to exchange all Shares to £100 Ordinary Shares during the year.
11. REVALUATION RESERVE 20242023
££
Revaluation reserve5,160,0005,160,000
5,160,0005,160,000