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REGISTERED NUMBER: 09031098 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 FEBRUARY 2024

FOR

TRAMPIRES LIMITED

TRAMPIRES LIMITED (REGISTERED NUMBER: 09031098)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRAMPIRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 26 FEBRUARY 2024







DIRECTOR: R S Heer





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 09031098 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

TRAMPIRES LIMITED (REGISTERED NUMBER: 09031098)

BALANCE SHEET
26 FEBRUARY 2024

26.2.24 26.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 466

CURRENT ASSETS
Stocks - 5,000,000
Debtors 5 5,614 1,926
Cash at bank 10,212 6,540
15,826 5,008,466
CREDITORS
Amounts falling due within one year 6 (9,138,466 ) (9,017,998 )
NET CURRENT LIABILITIES (9,122,640 ) (4,009,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,122,640 ) (4,009,066 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (9,122,641 ) (4,009,067 )
SHAREHOLDERS' FUNDS (9,122,640 ) (4,009,066 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:




R S Heer - Director


TRAMPIRES LIMITED (REGISTERED NUMBER: 09031098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 FEBRUARY 2024


1. STATUTORY INFORMATION

Trampires Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Going concern
At the time of approving the financial statements, the company meets its day to day working capital requirements by the support of its financier and trade and other creditors. The company's financier has undertaken not to withdraw its current loan facility, and guarantee for 3rd party facilities, for the foreseeable future and until such time as the Company has sufficient cash reserves. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amount of tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Included within stocks are amounts relating to work in progress. Work in progress represents costs of the film currently entitled "Chuck Steel: Night of the Trampires" in the course of production and is stated at lower of cost or net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss

TRAMPIRES LIMITED (REGISTERED NUMBER: 09031098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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 balance sheet 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 27 February 2023 1,244
Disposals (1,244 )
At 26 February 2024 -
DEPRECIATION
At 27 February 2023 778
Charge for year 466
Eliminated on disposal (1,244 )
At 26 February 2024 -
NET BOOK VALUE
At 26 February 2024 -
At 26 February 2023 466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 26.2.23
£    £   
Trade debtors 223 211
Other debtors 5,391 1,715
5,614 1,926

TRAMPIRES LIMITED (REGISTERED NUMBER: 09031098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 26.2.23
£    £   
Trade creditors 89,465 81,400
Other creditors 9,049,001 8,936,598
9,138,466 9,017,998

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 26.2.24 26.2.23
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £436 (2023: £436) to Animortal Studios Ltd, a company in which R S Heer is a director.

At the balance sheet date, the company was owed £1,139 by (2023: owed £638 to) Chuck Steel Ltd, a company in which R S Heer is also a director.

At the balance sheet date, the company was owed £3,420 (2023: £399) to RL Media Ltd, a company in which R S Heer is a director.

At the balance sheet date, the company owed £144,753 (2023: £129,578) to RL & RS LLP, a Limited Liability Partnership in which R S Heer is a designated LLP Member.

All loans were interest free and are repayable on demand.

9. FILM STOCK

The Director in conjunction with the company's Senior Financier Animatrix Finance Limited have considered the valuation of the Film Asset "Chuck Steel Night of the Trampires" and based on current levels of pipeline income have agreed to impair the asset to nil value.

Although the company is continuing to distribute and market the film through UK Online Platforms, the current pipeline income is minimal hence the impairment assessment.

The company is seeking an International Marketing Partner who, with the senior financier, will be able to deploy a significant Marketing budget to assist with distribution both domestically and internationally. This should deliver the recoupment in line with the original estimates over the longer term. The Directors will continue to monitor the position annually and recommend a full or partial reversal of the impairment if necessary.