Registration number:
Nuncle Films Limited
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Nuncle Films Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Nuncle Films Limited
Company Information
Director |
Sir K C Branagh |
Company secretary |
Ms T Thomas |
Registered office |
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Accountants |
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Nuncle Films Limited
Statement of Financial Position as at 31 December 2024
Note |
31 Dec |
31 March |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Shareholders' funds |
100 |
100 |
For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Sir K C Branagh
Director
Company registration number: 15079911
Nuncle Films Limited
Notes to the Unaudited Financial Statements
for the Period from 1 April 2024 to 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal activity of the company is that of the production of motion pictures.
Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Disclosure of long or short period
Going concern
The company had net assets at 31 December 2024 of £100, with cash at bank of £464,605.
The company is a 'Special Purpose Vehicle' for the production of a feature film. The company was financially supported by its parent company which has purchased the completed film. Subsequent to the sale of the film the company has no working capital requirement.
On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Nuncle Films Limited
Notes to the Unaudited Financial Statements
for the Period from 1 April 2024 to 31 December 2024
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of film rights, net of VAT and trade discounts.
The company's performance obligations consist of the delivery of a finished film, which is fulfilled by commissioning the production, completion and delivery of the picture. This obligation is satisfied at the point of delivery of the finished film and therefore revenue is recognised based on the stage of completion at the period end.
Where expenditure incurred by the company is recharged, reimbursement is recognised as income in the period in which the costs where incurred.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Defined benefit pension obligation
Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.
Nuncle Films Limited
Notes to the Unaudited Financial Statements
for the Period from 1 April 2024 to 31 December 2024
Staff numbers |
The average number of persons employed by the company during the period, was
Debtors |
31 Dec |
31 March 2024 |
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Trade debtors |
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- |
Other debtors |
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- |
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Creditors |
Creditors: amounts falling due within one year
31 Dec |
31 March |
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Trade creditors |
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- |
Amounts owed to parent undertaking |
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Other creditors |
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Related party transactions |
Exemption is taken in accordance with FRS102 paragraph 1AC.35 not to disclose transactions or amounts falling due with companies wholly owned within the group.