IRIS Accounts Production v25.1.3.33 10352096 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103520962023-08-31103520962024-08-31103520962023-09-012024-08-31103520962022-08-31103520962022-09-012023-08-31103520962023-08-3110352096ns15:EnglandWales2023-09-012024-08-3110352096ns14:PoundSterling2023-09-012024-08-3110352096ns10:Director12023-09-012024-08-3110352096ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110352096ns10:SmallEntities2023-09-012024-08-3110352096ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110352096ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110352096ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110352096ns10:FullAccounts2023-09-012024-08-3110352096ns10:OrdinaryShareClass22023-09-012024-08-3110352096ns10:OrdinaryShareClass32023-09-012024-08-3110352096ns5:CurrentFinancialInstruments2024-08-3110352096ns5:CurrentFinancialInstruments2023-08-3110352096ns5:ShareCapital2024-08-3110352096ns5:ShareCapital2023-08-3110352096ns5:RetainedEarningsAccumulatedLosses2024-08-3110352096ns5:RetainedEarningsAccumulatedLosses2023-08-3110352096ns10:RegisteredOffice2023-09-012024-08-3110352096ns5:PlantMachinery2023-08-3110352096ns5:PlantMachinery2023-09-012024-08-3110352096ns5:PlantMachinery2024-08-3110352096ns5:PlantMachinery2023-08-3110352096ns5:CostValuation2023-08-3110352096ns5:AdditionsToInvestments2024-08-3110352096ns5:IncreaseDecreaseInPeriodInvestments2024-08-3110352096ns5:CostValuation2024-08-3110352096ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3110352096ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3110352096ns10:OrdinaryShareClass22024-08-3110352096ns10:OrdinaryShareClass32024-08-3110352096ns10:Director22023-09-012024-08-3110352096ns10:Director222023-08-3110352096ns10:Director222022-08-3110352096ns10:Director222023-09-012024-08-3110352096ns10:Director222022-09-012023-08-3110352096ns10:Director222024-08-3110352096ns10:Director222023-08-3110352096ns5:AllAssociates2023-09-012024-08-3110352096ns5:AllAssociates2024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel12023-09-012024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel1ns5:ExpensesReimbursed2023-09-012024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel1ns5:ExpensesReimbursed2022-09-012023-08-3110352096ns5:EntityControlledByKeyManagementPersonnel12024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel12023-08-3110352096ns5:EntityControlledByKeyManagementPersonnel22024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel22023-08-3110352096ns5:EntityControlledByKeyManagementPersonnel22023-09-012024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel32024-08-3110352096ns5:EntityControlledByKeyManagementPersonnel32023-08-3110352096ns5:EntityControlledByKeyManagementPersonnel32023-09-012024-08-31
REGISTERED NUMBER: 10352096 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRIGHTSTAR CONTENT LIMITED

BRIGHTSTAR CONTENT LIMITED (REGISTERED NUMBER: 10352096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


BRIGHTSTAR CONTENT LIMITED (REGISTERED NUMBER: 10352096)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 46,251 60,574
Investments 6 3 2
46,254 60,576

CURRENT ASSETS
Work in progress 63,141 61,295
Debtors 7 287,920 243,438
Cash at bank and in hand 475,505 82,000
826,566 386,733
CREDITORS
Amounts falling due within one year 8 690,004 125,969
NET CURRENT ASSETS 136,562 260,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,816

321,340

PROVISIONS FOR LIABILITIES - 15,144
NET ASSETS 182,816 306,196

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 182,716 306,096
SHAREHOLDERS' FUNDS 182,816 306,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





T Seghatchian - Director


BRIGHTSTAR CONTENT LIMITED (REGISTERED NUMBER: 10352096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Brightstar Content Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10352096

Registered office: 18 Glasshouse Studios
Fryern Court Road
Fordingbridge
Hampshire
SP6 1QX

2. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Brightstar Content Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company, as the parent of a group, has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue received or receivable for work carried out in producing films and television programmes is recognised upon delivery when the significant risks and rewards of ownership have been transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue not meeting these conditions is deferred on the balance sheet.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc: straight line over 3-4 years and 25% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

BRIGHTSTAR CONTENT LIMITED (REGISTERED NUMBER: 10352096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. ACCOUNTING POLICIES - continued

Work in progress
Work in progress relates to direct production costs, net of tax credits, subsidies and grants, incurred on projects / productions not delivered during the period. Such project / production costs are recognised in the Statement of Income and Retained Earnings as soon as the production is delivered and the related production revenue is recognised.

Expenditure on development projects is written off in the year in which it is incurred unless there is reasonable expectation that costs will be recovered in future periods. For productions which are commissioned via Special Purpose Vehicle entities (SPVs), the corresponding costs are transferred to the relevant SPV when the productions are commissioned. Expenditure on development projects which had been written off, may be reversed in subsequent periods if there is new information arising in that period which may indicate that the project status has changed.

Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to profit or loss.

4. EMPLOYEES

The average number of employees during the year was 3 (2023 - 4 ) .

BRIGHTSTAR CONTENT LIMITED (REGISTERED NUMBER: 10352096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 68,035
Additions 1,293
At 31 August 2024 69,328
DEPRECIATION
At 1 September 2023 7,461
Charge for year 15,616
At 31 August 2024 23,077
NET BOOK VALUE
At 31 August 2024 46,251
At 31 August 2023 60,574

6. INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 September 2023 2 - 2
Additions - 1 1
At 31 August 2024 2 1 3
NET BOOK VALUE
At 31 August 2024 2 1 3
At 31 August 2023 2 - 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 154,596 124,596
Amounts owed by associates 50,359 -
Other debtors 82,965 118,842
287,920 243,438

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,423 2,725
Amounts owed to group undertakings 2,411 2,411
Taxation and social security 1,133 23,563
Other creditors 675,037 97,270
690,004 125,969

BRIGHTSTAR CONTENT LIMITED (REGISTERED NUMBER: 10352096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. PENSION COMMITMENTS

At 31 August 2024, included in other creditors falling due within one year are unpaid contributions of £257 (2023 - £257) due to a defined contribution pension scheme.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
J Woodward
Balance outstanding at start of year 108,980 -
Amounts advanced 62,148 118,264
Amounts repaid (124,207 ) (9,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,921 108,980

Interest is charged at HM Revenue and Customs' official rate of interest on any beneficial overdrawn loan account by the company.

The above loan is unsecured and repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year, the company advanced a loan of £50,000 to an associate. The company also paid expenses of
£360 on behalf of the associate. After settling the company's £1 investment, at the balance sheet date, an
amount of £50,359 was still outstanding and is included within debtors falling due within one year.

During the year, a company under the control of a member of key management personnel paid expenses of
£4,685 (2023 - £414) on behalf of the company. At the balance sheet date, an amount of £14,808 (2023 -
£10,123) was still outstanding and is included within creditors falling due within one year.

At the balance sheet date, included in other debtors is an amount of £499 (2023 - £499) due from a company under the control of a member of key management personnel .

At the balance sheet date, included in other debtors is an amount of £306 (2023 - £306) due from a company under the control of key management personnel .