COMPANY REGISTRATION NUMBER:
15503419
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Work in progress |
1,413,356 |
|
Debtors |
4 |
539,696 |
|
Cash at bank and in hand |
192,165 |
|
------------ |
|
2,145,217 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
2,145,216 |
|
------------ |
|
Net current assets |
1 |
|
---- |
|
Total assets less current liabilities |
1 |
|
---- |
|
|
|
Capital and reserves
|
Called up share capital |
1 |
|
---- |
|
Shareholder funds |
1 |
|
---- |
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
23 May 2025
, and are signed on behalf of the board by:
Company registration number:
15503419
|
Notes to the Financial Statements |
|
Period from 19 February 2024 to 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 95 Gresham street, London, EC2V 7AB.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Work in progress
Work in progress relates to direct production costs incurred on the production of the film during the period. The costs are recorded at the lower of costs and net realisable value, and are net of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy).
4.
Debtors
|
31 Mar 25 |
|
£ |
|
Other debtors |
539,696 |
|
--------- |
|
|
5.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
|
£ |
|
Trade creditors |
12,460 |
|
Other creditors |
2,132,756 |
|
------------ |
|
2,145,216 |
|
------------ |
|
|
Other creditors is financing for the production for the film. The financiers' recoupment is limited to the proceeds of exploitation of the film.
6.
Summary audit opinion
The auditor's report dated
23 May 2025
was
unqualified
.
The senior statutory auditor was
Chirag Sirish Malde FCCA
, for and on behalf of
Malde & Co
.
7.
Related party transactions
The Company incurred recharged film production costs of £470,136 from its parent
, Ros Media UK Ltd. No amounts are due at the balance sheet date.
8.
Controlling party
The parent company is
Ros Media UK Limited
. The redigested address is 4th Floor 95 Gesham Street, London, EC2V 7AB. The ultimate parent company is The Religion of Sports Media, Inc
. (incorporated in the USA). The Religion of Sports Media, Inc. is both the smallest and largest group for which group accounts are prepared for, and is based in Los Angeles, California, USA. The company does not believe there is a ultimate controlling party.