Company Registration No. 09804906 (England and Wales)
Scribe Productions Limited
Annual report and unaudited financial statements
for the year ended 31 March 2024
Scribe Productions Limited
Company information
Directors
Philip Robertson
Jonathan Cavendish
Andrew Serkis
Company number
09804906
Registered office
71 Queen Victoria Street
London
EC4V 4BE
Scribe Productions Limited
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Notes to the financial statements
4 - 6
Scribe Productions Limited
Directors' report
For the year ended 31 March 2024
1

The directors present their annual report and financial statements for the year ended 31 March 2024.

Principal activities

The principal activity of the company continues to be the provision of writing services for film and television productions.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Philip Robertson
Jonathan Cavendish
Andrew Serkis
Going concern considerations

The directors have confirmed their intention to continue to provide financial support where required to enable the company to meet its obligations for the foreseeable future. Accordingly, the board of directors are satisfied that it is appropriate to prepare the accounts on a going concern basis.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Philip Robertson
Director
26 March 2025
Scribe Productions Limited
Statement of comprehensive income
For the year ended 31 March 2024
2
2024
2023
£
£
Cost of sales
(108,032)
(120,152)
Administrative expenses
(11,530)
(24,984)
Operating loss
(119,562)
(145,136)
Other gains and losses
376,145
-
Profit/(loss) before taxation
256,583
(145,136)
Taxation
-
0
-
0
Profit/(loss) for the financial year
256,583
(145,136)

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

Scribe Productions Limited
Statement of financial position
As at 31 March 2024
3
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
17,243
3,699
Cash at bank and in hand
36,512
5,076
53,755
8,775
Creditors: amounts falling due within one year
5
(180,032)
(391,635)
Net current liabilities
(126,277)
(382,860)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(126,278)
(382,861)
Total equity
(126,277)
(382,860)

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Philip Robertson
Director
Company Registration No. 09804906
Scribe Productions Limited
Notes to the financial statements
For the year ended 31 March 2024
4
1
Accounting policies
Company information

Scribe Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The truedirectors have confirmed their intention to continue to provide financial support where required to enable the company to meet its obligations for the foreseeable future. The majority of the company's liabilities reside with other group companies, of which they will not be repaid to the detriment of third party creditors. Accordingly, the board of directors are satisfied that it is appropriate to prepare the accounts on a going concern basis.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Scribe Productions Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
1
Accounting policies (continued)
5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

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.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (excluding directors) employed by the company during the year was 0 (2023: 0).

3
Directors' remuneration

During the year, the company incurred costs for the production consultancy services of Jonathan Cavendish and Philip Robertson, directors of the company, totalling £100,000 (2023: £100,000).

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
16,659
-
0
Other debtors
584
3,699
17,243
3,699
Scribe Productions Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
6
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
13,500
Amounts owed to group undertakings
178,032
376,135
Other creditors
2,000
2,000
180,032
391,635
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Related party transactions

The company has taken advantage of the exemption available under section 33.1a of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is a wholly owned member of that group.

 

During the year, the company incurred costs for the production consultancy services of Jonathan Cavendish and Philip Robertson, directors of the company, totalling £100,000 (2023: £100,000). The balance outstanding at the year end was £nil (2023: £10,000).

 

During the year, the company wrote off amounts totalling £1,442 relating to payments made on behalf of a Director in a prior year. The balance owed to the company at the year end was £nil (2023: £1,442).

8
Control

As at the year end, Jonathan Cavendish and Andrew Serkis are considered to be the ultimate controlling parties, by virtue of their shareholding in the ultimate parent company, Jessop Avenue (No.18) Limited.

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