Company Registration No. 07645848 (England and Wales)
Blueprint Pictures (Seven) Limited
Annual report and unaudited financial statements
for the year ended 15 September 2024
Blueprint Pictures (Seven) Limited
Company information
Directors
Graham Broadbent
Peter Czernin
Company number
07645848
Registered office
10-12 Russell Square
6th Floor
London
WC1B 5EH
Accountants
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Blueprint Pictures (Seven) Limited
Contents
Page
Directors' report
1
Accountants' report
2
Income statement
3
Statement of financial position
4
Notes to the financial statements
5 - 7
Blueprint Pictures (Seven) Limited
Directors' report
For the year ended 15 September 2024
1
The directors present their annual report and financial statements for the year ended 15 September 2024.
Principal activities
The principal activity of the company continued to be that of film production.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Graham Broadbent
Peter Czernin
Going Concern
It is the intention of the director to close the Company in the next 12 months. As a consequence the financial statements have been prepared on the basis other than that of a going concern. There is no difference in the carrying values of the assets and liabilities of the Company and their break up value.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Graham Broadbent
Director
2 June 2025
Blueprint Pictures (Seven) Limited
Accountants' report to the Board of Directors on the preparation of the unaudited statutory financial statements of Blueprint Pictures (Seven) Limited for the year ended 15 September 2024
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blueprint Pictures (Seven) Limited for the year ended 15 September 2024 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.
This report is made solely to the Board of Directors of Blueprint Pictures (Seven) Limited, as a body, in accordance with the terms of our engagement letter dated 29 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Blueprint Pictures (Seven) Limited and state those matters that we have agreed to state to the Board of Directors of Blueprint Pictures (Seven) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blueprint Pictures (Seven) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Blueprint Pictures (Seven) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blueprint Pictures (Seven) Limited. You consider that Blueprint Pictures (Seven) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Blueprint Pictures (Seven) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Saffery LLP
3 June 2025
71 Queen Victoria Street
London
EC4V 4BE
Blueprint Pictures (Seven) Limited
Income statement
For the year ended 15 September 2024
3
2024
2023
£
£
Turnover
-
-
Cost of sales
(2,877)
(2,129)
Gross loss
(2,877)
(2,129)
Administrative expenses
(7,475)
3,532
Operating (loss)/profit
(10,352)
1,403
Interest receivable and similar income
452
193
(Loss)/profit before taxation
(9,900)
1,596
Tax on (loss)/profit
(Loss)/profit for the financial year
(9,900)
1,596
Blueprint Pictures (Seven) Limited
Statement of financial position
As at 15 September 2024
15 September 2024
4
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
680
Cash at bank and in hand
84,555
94,955
85,235
94,955
Creditors: amounts falling due within one year
5
(124,133)
(123,953)
Net current liabilities
(38,898)
(28,998)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(38,900)
(29,000)
Total equity
(38,898)
(28,998)
For the financial year ended 15 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 June 2025 and are signed on its behalf by:
Graham Broadbent
Director
Company Registration No. 07645848
Blueprint Pictures (Seven) Limited
Notes to the financial statements
For the year ended 15 September 2024
5
1
Accounting policies
Company information
Blueprint Pictures (Seven) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32-36 Great Portland Street, 4th Floor, London, W1W 8QX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Going concern
The directors do not believe it is necessary to keep the company open and trading for at least 12true months from the balance sheet date. As a result, the financial statements have been prepared on a break up basis.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Blueprint Pictures (Seven) Limited
Notes to the financial statements (continued)
For the year ended 15 September 2024
1
Accounting policies (continued)
6
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Derivatives
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.
A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Blueprint Pictures (Seven) Limited
Notes to the financial statements (continued)
For the year ended 15 September 2024
7
3
Employees
The average monthly number of persons (excluding directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
680
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
124,133
123,953
6
Charges
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and the title of the film. The outstanding charges are:
Film4
The British Film Institute
Screen Actors Guild - American Federation of Television and Radio Artists
Aver Media LP
CBS Films Inc