Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 24 April 2023 false 1 December 2023 30 June 2024 30 June 2024 14821926 Mr Florian Dargel Mr Matthew Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14821926 2023-11-30 14821926 2024-06-30 14821926 2023-12-01 2024-06-30 14821926 frs-core:CurrentFinancialInstruments 2024-06-30 14821926 frs-core:ShareCapital 2024-06-30 14821926 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14821926 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-06-30 14821926 frs-bus:FilletedAccounts 2023-12-01 2024-06-30 14821926 frs-bus:SmallEntities 2023-12-01 2024-06-30 14821926 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-06-30 14821926 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-06-30 14821926 frs-bus:Director1 2023-12-01 2024-06-30 14821926 frs-bus:Director2 2023-12-01 2024-06-30 14821926 frs-core:CurrentFinancialInstruments 1 2024-06-30 14821926 frs-core:CurrentFinancialInstruments 2 2024-06-30 14821926 frs-countries:EnglandWales 2023-12-01 2024-06-30 14821926 2023-04-23 14821926 2023-11-30 14821926 2023-04-24 2023-11-30 14821926 frs-core:CurrentFinancialInstruments 2023-11-30 14821926 frs-core:ShareCapital 2023-11-30 14821926 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14821926 frs-core:CurrentFinancialInstruments 1 2023-11-30 14821926 frs-core:CurrentFinancialInstruments 2 2023-11-30
Registered number: 14821926
Rath Production Ltd
Unaudited Financial Statements
For the Period 1 December 2023 to 30 June 2024
EAM London Limited
Chartered Tax Accountants
215-221 Borough High Street
London
SE1 1JA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14821926
30 June 2024 30 November 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 541,791 2,227,739
Cash at bank and in hand 182,620 378,090
724,411 2,605,829
Creditors: Amounts Falling Due Within One Year 5 (2,540,202 ) (3,738,787 )
NET CURRENT ASSETS (LIABILITIES) (1,815,791 ) (1,132,958 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,815,791 ) (1,132,958 )
NET LIABILITIES (1,815,791 ) (1,132,958 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (1,815,792 ) (1,132,959 )
SHAREHOLDERS' FUNDS (1,815,791) (1,132,958)
For the period ending 30 June 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Florian Dargel
Director
28/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rath Production Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14821926 . The registered office is 195 Wardour Street, London, W1F 8ZG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The company produced a film called "Robin & The Hood". In common with the film and television industry the majority of the crew were hired on short term contracts for the duration of principal photography or were self-employed. Number of directors active during the period was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Debtors
30 June 2024 30 November 2023
£ £
Due within one year
Other Debtors - Crew & Payroll 4,681 16,003
Other Debtors - Suppliers & Union 124,463 141,280
Other Debtors - Film Finances Escrow 229,453 229,453
Corporation tax recoverable assets 176,908 1,142,790
VAT 6,286 698,213
541,791 2,227,739
5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 November 2023
£ £
Trade creditors 76,229 -
Bank loans and overdrafts 412,508 1,829,957
Other taxes and social security 1,869 2,054
Other creditors 1,876,826 1,867,296
Accruals and deferred income 172,770 39,480
2,540,202 3,738,787
6. Share Capital
30 June 2024 30 November 2023
£ £
Allotted, Called up and fully paid 1 1
7. Other Commitments
Registered at Companies House are 5 charges over the company as follows:
Charge code 1482 1926 0005
Delivered 22 September 2023
Satisfied on 4 September 2024
Persons entitled: Coutts & Company as Bank
Brief description Collateral in relation to the feature film "Robin & The Hood".
Charge code 1482 1926 0004
Delivered 22 September 20239
Persons entitled Film Finances Inc
Brief description Collateral in relation to the feature film "Robin & The Hood".
Charge code 1482 1926 0003
Delivered 14 September 2023
Persons entitled Silver Reel Limited
Brief description Collateral in relation to the feature film "Robin & The Hood".
Charge code 1482 1926 0002
Delivered 5 September 2023
Satisfied on 4 September 2024
Persons entitled Coutts & Company
Brief description Collateral in relation to the feature film "Robin & The Hood".
Charge code 1482 1926 0001
...CONTINUED
Page 3
Page 4
7. Other Commitments - continued
Delivered 5 September 2023
Persons entitled Sky UK Limited
Brief description Collateral in relation to the feature film "Robin & The Hood".
Page 4