H B FILMS LTD

Company Registration Number:
10426227 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

H B FILMS LTD

Company Information

for the Period Ended 31 August 2024




Director: Martin William Payne
Registered office: 17
Parsonage Lane
Windsor
Berkshire
England
SL4 5EW
Company Registration Number: 10426227 (England and Wales)

H B FILMS LTD

Directors' Report Period Ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal Activities

The principal activity of the Company is that of independent film making for itself and in association with other companies and independent film makers. The Director does not expect any change in the activities or prospects of the Company.

Additional information

As at the end of financial year, 15 (2023: 11) feature film projects have completed production and have been released or are seeking distribution, 4 (2023: 5) feature film projects are in production or post-production, and no (2023: 1) feature film projects are in development or pre-production. Note 10 lists feature film projects in production and completed. In addition, the Company has completed, or is in production with, 21 (2023: 19) short film projects. Long-term collaborations with TrashArts Films Ltd and Mycho Entertainment Group enabled support to be given to feature and short films by those production companies. The collaboration with TrashArts Films Ltd ceased on 31st March 2024. Sponsor support for Horror on Sea Film Festival in January 2023, 2024, and 2025 was also provided.

Directors

The directors shown below have held office during the whole of the period from 01 September 2023 to 31 August 2024
Martin William Payne

This report was approved by the board of directors on 13 May 2025
And Signed On Behalf Of The Board By:

Name: Martin William Payne
Status: Director

H B FILMS LTD

Profit and Loss Account

for the Period Ended 31 August 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) ( 20,118 ) 0
Administrative Expenses ( 131 ) ( 131 )
Operating Profit or (Loss) ( 20,249 ) ( 131 )
Profit or (Loss) Before Tax 4 ( 20,249 ) ( 131 )
Profit or (Loss) for Period ( 20,249 ) ( 131 )

The notes form part of these financial statements

H B FILMS LTD

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 25,420 39,323
Cash at bank and in hand: 415 207
Total current assets: 25,835 39,530
Creditors: amounts falling due within one year: 5 ( 46,785 ) ( 40,231 )
Net current assets (liabilities): ( 20,950 ) ( 701 )
Total assets less current liabilities: ( 20,950 ) ( 701 )
Total net assets (liabilities): ( 20,950 ) ( 701 )

The notes form part of these financial statements

H B FILMS LTD

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 21,050 ) ( 801 )
Shareholders funds: ( 20,950 ) ( 701 )

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 May 2025
And Signed On Behalf Of The Board By:

Name: Martin William Payne
Status: Director

The notes form part of these financial statements

H B FILMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

H B FILMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

H B FILMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

H B FILMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4.Profit or (Loss) before tax

Gross loss results from a write-off of film production costs, previously held on balance sheet as an asset, following the cessation of the collaboration agreement with Trash Arts Ltd on 31 March 2024.

H B FILMS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

Stocks relate to Film projects in production. Costs incurred in respect of film projects that have not earned enough to offset those production costs are held as an asset on the balance sheet. Financial support for Mycho Entertainment Group and, formerly, TrashArts Ltd is held as assets on the balance sheet until such time as any distribution is received from those companies.