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Registered number: 03174969










SHM PRODUCTIONS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
SHM PRODUCTIONS LIMITED
REGISTERED NUMBER: 03174969

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
81,663
50,877

 
Current assets
  

Debtors: amounts falling due within one year
 5 
1,765,050
1,274,163

Bank and cash balances
  
4,601,044
4,689,088

  
6,366,094
5,963,251

Creditors: amounts falling due within one year
 6 
(2,927,147)
(2,835,317)

Net current assets
  
 
 
3,438,947
 
 
3,127,934

Deferred tax
 7 
(12,437)
(3,296)

Provisions for liabilities
 8 
(64,506)
(64,506)

Net assets
  
3,443,667
3,111,009


Capital and reserves
  

Called up share capital 
 9 
109
109

Profit and loss account
  
3,443,558
3,110,900

  
3,443,667
3,111,009


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
 

Professor H L Moore
Director

Date: 18 February 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

SHM Productions Limited is a private company limited by shares and is registered and incorporated in England and Wales (registered number 03174969). The registered office is 20-22 Bedford Row, London, United Kingdom, WC1R 4EB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

  
2.6

Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date or the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 27).

Page 4

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
59,989
169,221
229,210


Additions
-
65,524
65,524



At 31 August 2024

59,989
234,745
294,734



Depreciation


At 1 September 2023
55,383
122,950
178,333


Charge for the year on owned assets
3,295
31,443
34,738



At 31 August 2024

58,678
154,393
213,071



Net book value



At 31 August 2024
1,311
80,352
81,663



At 31 August 2023
4,606
46,271
50,877


5.


Debtors

2024
2023
£
£


Trade debtors
1,264,532
932,890

Amounts owed by group undertakings
22,605
22,605

Other debtors
132,158
40,047

Prepayments and accrued income
345,755
278,621

1,765,050
1,274,163


Page 5

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
217,164
167,911

Amounts owed to group undertakings
210,475
306,691

Corporation tax
108,773
97,562

Other taxation and social security
308,427
216,407

Other creditors
34,079
50,879

Accruals and deferred income
2,048,229
1,995,867

2,927,147
2,835,317



7.


Deferred taxation




2024


£






At beginning of year
(3,296)


Utilised in year
(9,141)



At end of year
(12,437)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(13,868)
(3,860)

Short term timing differences
1,431
564

(12,437)
(3,296)


8.


Provisions




Lease dilapidation provision

£





At 1 September 2023
64,506



At 31 August 2024
64,506

The dilapidation may be utilised on cessation of the lease however the company may choose to extend the lease period which would in turn defer the utilisation of the provision.

Page 6

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023: 10,000) Ordinary shares shares of £0.01 each
100
100
869 (2023: 869) Ordinary A shares shares of £0.01 each
9
9

109

109



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £64,835 (2023: £60,955). Contributions totalling £8,682 (2023: £7,299) were payable to the fund at the balance sheet date and are included in other creditors.


11.

Related party transactions

Transactions with related parties
During the year the company entered into the following transactions with related parties:

Sales
2024
Purchases
2024
Sales
2023
Purchases
2023
        £
        £
        £
        £
Entities with control, joint control or significant influence over the company

1,360

546,744

25,455
 
290,661
 

2024
2023
        £
        £
Charitable donations paid:

Charities with Trustees related to the entity

339,751

544,274
 



The following amounts were outstanding at the reporting end date:


2024
2023
£
£

Amounts due to related parties:


Entities with control, joint control or significant influence over the company
67,227
230,037

Entities with common shareholders and/or directors
143,248
76,654

Key management personnel
-
553

210,475
307,244
Page 7

 
SHM PRODUCTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

The following amounts were outstanding at the reporting end date:


2024
2023
£
£

Amounts due from related parties:


Entities with common shareholders and/or directors
22,605
22,605

Key management personnel
-
-

22,605
22,605

The Company has given a commitment to the SHM Foundation that it will contribute a minimum donation of £100,000 per annum.


12.


Controlling party

The ultimate parent undertaking is Birmore Limited, a company registered in England and Wales. The registered office of Birmore Limited is 1st Floor, 20-22 Bedford row, London, WC1R 4EB. On the grounds that its group is small, Birmore Limited does not prepare consolidated financial statements.


13.


Auditor's information

The auditor's report on the financial statements for the year ended 31 August 2024 was unqualified.

The audit report was signed on 27 February 2025 by Fiona Hawkins BSc (Hons) MSc FCA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.


Page 8