Company Registration No. 08643578 (England and Wales)
Genesius Pictures Limited
Unaudited accounts
for the year ended 31 August 2024
Genesius Pictures Limited
Unaudited accounts
Contents
Genesius Pictures Limited
Company Information
for the year ended 31 August 2024
Directors
Deborah Ann Gray
Julian Gleek
Company Number
08643578 (England and Wales)
Registered Office
The Studio,
821 Chorley Old Road
Bolton
Greater Manchester
BL1 5SL
United Kingdom
Genesius Pictures Limited
Statement of financial position
as at 31 August 2024
Tangible assets
10,855
14,419
Inventories
341,616
269,125
Debtors
1,663,966
1,873,796
Cash at bank and in hand
51,878
37,471
Creditors: amounts falling due within one year
(2,489,823)
(2,361,834)
Net current liabilities
(432,363)
(181,442)
Total assets less current liabilities
(420,908)
(166,523)
Creditors: amounts falling due after more than one year
(17,500)
(27,500)
Net liabilities
(438,408)
(194,023)
Called up share capital
103
103
Share premium
250,497
250,497
Profit and loss account
(689,008)
(444,623)
Shareholders' funds
(438,408)
(194,023)
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
Deborah Ann Gray
Director
Company Registration No. 08643578
Genesius Pictures Limited
Notes to the Accounts
for the year ended 31 August 2024
Genesius Pictures Limited is a private company, limited by shares, registered in England and Wales, registration number 08643578. The registered office is The Studio,, 821 Chorley Old Road, Bolton, Greater Manchester, BL1 5SL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a Straight line basis
Motor vehicles
25% on the Reducing Balance
Computer equipment
33.3% on a Straight line basis
Group Accounts Not Prepared
The Company has taken advantage of the exemption provided by section 398 Companies Act 2006 and has not prepared consolidated accounts on the basis that the group is small.
Genesius Pictures Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
339
18,027
2,928
21,294
At 31 August 2024
339
18,027
2,637
21,003
At 1 September 2023
85
4,507
2,283
6,875
Charge for the year
85
3,380
447
3,912
On disposals
-
-
(639)
(639)
At 31 August 2024
170
7,887
2,091
10,148
At 31 August 2024
169
10,140
546
10,855
At 31 August 2023
254
13,520
645
14,419
5
Investments
Subsidiary undertakings
Valuation at 1 September 2023
500
Valuation at 31 August 2024
600
Details of companies in which the Company holds 25% or more of the nominal value of any class of share capital are as follows:
TMYIM Film Ltd 100% voting rights and shares held (2023 100%)
Mrs Lowry and Son Limited 100% voting rights and shares held (2023 100%)
The Radleys Limited 100% voting rights and shares held (2023 100%)
Good Luck Leo Limited 100% voting rights and shares held (2023 100%)
XN1 Limited from 17/02/21 33.3% voting rights and shares held (2023 33.3%)
These companies are registered in England and are SPV's for film production. The Company has also advanced monies to these companies as detailed in note 7 below.
Genstone Films Limited from 01/09/2023 50% voting rights and shares held (2022 0%).
This company is registered in England and is a film development company. No money has been advanced.
Work in progress
324,708
252,217
Finished goods
16,908
16,908
This represents the value of monies spent to the date of these accounts on the development of Film and TV projects. The Directors are of the opinion that all the finished projects are capable of recouping the monies spent and the others of being green lit for production and at that stage the cost of the development plus a premium will be charged to the production company.
Genesius Pictures Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
202,649
405,292
Amounts due from group undertakings etc.
1,013,250
1,029,591
Other debtors
442,774
438,913
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
9,701
17,598
Amounts owed to group undertakings and other participating interests
2,040,345
1,820,344
Taxes and social security
121
151
Other creditors
412,395
469,458
Loans from directors
17,261
9,856
9
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,000 Ordinary A shares of £0.10 each
100.00
100.00
250,500 Ordinary B Shares of £0.00001 each
2.50
2.50
11
Transactions with related parties
Creditors includes an unsecured loan of £411,802 (2023 £468,865) from J Gleek Properties Limited which is wholly owned by Director Julian Gleek. Any transactions with related parties are on commercial and market terms.
The company is controlled by J Gleek and DA Gray
13
Average number of employees
During the year the average number of employees was 6 (2023: 6).