Company Registration No. 07428796 (England and Wales)
New Amsterdam Film Limited
Unaudited financial statements
for the year ended 30 June 2024
Pages for filing with the registrar
New Amsterdam Film Limited
Company information
Director
Emile Sherman
Company number
07428796
Registered office
3rd Floor
45 Folgate Street
London
E1 6GL
New Amsterdam Film Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
New Amsterdam Film Limited
Balance sheet
As at 30 June 2024
30 June 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
15,608
17,149
Cash at bank and in hand
2,309
302
17,917
17,451
Creditors: amounts falling due within one year
5
(4,215)
(3,082)
Net current assets
13,702
14,369
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
13,701
14,368
Total equity
13,702
14,369

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on
28 March 2025
2025-03-28
.
Emile Sherman
Director
Company Registration No. 07428796
New Amsterdam Film Limited
Notes to the financial statements
For the year ended 30 June 2024
2
1
Accounting policies
Company information

New Amsterdam Film Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 45 Folgate Street, London, E1 6GL.

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 company balance sheet shows net assets of £1true3,702. The directors have pledged to support the company for 12 months from the date of their approval of these financial statements. Given this support and net asset position, the directors consider it appropriate to prepare the financial statements on a going concern basis.

1.3
Turnover
Turnover relates to the production of theatrical feature film. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.

The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant project.
1.4
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.

1.5
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 balance sheet 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.

New Amsterdam Film Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies (continued)
3
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.

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.

1.6
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.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the directors' opinion there are no critical judgements or key areas of estimation uncertainty in the financial statements.

New Amsterdam Film Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
4
3
Employees

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

2024
2023
Number
Number
Total
-
0
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by parent company
12,921
14,500
Other debtors
2,687
2,649
15,608
17,149
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,715
1,582
Other creditors
1,500
1,500
4,215
3,082
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
New Amsterdam Film Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
5
7
Contingent liabilities

UK Film Council holds a full title guarantee and security by way of first fixed charge over the rights, title and interest in and to the film "Shame" and any other films or sound recordings made in the course of the productions of the film.

 

Film4, A Division of Channel Four Television holds a fixed and floating charge over the rights, title and interest in and to certain assets in relation to the film "Shame".

 

Aver Media LP holds a charge and deed of assignment over the rights, title and interest in and to the film "Shame" and any other films or sound recordings made in the course of the productions of the film.

 

Lip Sync Productions LLP holds a charge and deed of assignment over the rights, title and interest in and to the film "Shame" and all copies, all digital material, the accounts, physical properties, benefit of all revenues by way of first floating charge.

 

Film Finances, Inc. holds an agreement over the rights, title and interest of the company of and in the film and in the script and all other written and musical matters embodied.

 

Screen Actors Guild, Inc. holds a security agreement over the rights, title and interest in and to the motion picture "Shame" and in the following; accounts, chattel paper, contracts, copyrights, documents, music rights, proceeds and physical properties.

8
Related party transactions

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

9
Control

The immediate parent undertaking is Old See-Saw Films Limited, a company incorporated in the United Kingdom.

 

The director regards Old See-Saw Films PTY Ltd, a company incorporated in Australia, as the ultimate parent company.

 

The director does not consider there to be an ultimate controlling party.

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