Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30Motion picture production activitiesfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-0100falsetruefalse 12489293 2023-07-01 2024-06-30 12489293 2022-07-01 2023-06-30 12489293 2024-06-30 12489293 2023-06-30 12489293 c:Director1 2023-07-01 2024-06-30 12489293 d:CurrentFinancialInstruments 2024-06-30 12489293 d:CurrentFinancialInstruments 2023-06-30 12489293 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12489293 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12489293 d:ShareCapital 2024-06-30 12489293 d:ShareCapital 2023-06-30 12489293 d:RetainedEarningsAccumulatedLosses 2024-06-30 12489293 d:RetainedEarningsAccumulatedLosses 2023-06-30 12489293 c:OrdinaryShareClass1 2023-07-01 2024-06-30 12489293 c:OrdinaryShareClass1 2024-06-30 12489293 c:OrdinaryShareClass1 2023-06-30 12489293 c:FRS102 2023-07-01 2024-06-30 12489293 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12489293 c:FullAccounts 2023-07-01 2024-06-30 12489293 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12489293 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12489293










LEAD FILMS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
LEAD FILMS LTD
REGISTERED NUMBER: 12489293

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks and work in progress
 4 
-
14,065,622

Debtors: amounts falling due within one year
 5 
100
19,859

Cash at bank and in hand
 6 
110,574
110,376

  
110,674
14,195,857

Creditors: amounts falling due within one year
 7 
(625,766)
(11,977,476)

Net current (liabilities)/assets
  
 
 
(515,092)
 
 
2,218,381

Total assets less current liabilities
  
(515,092)
2,218,381

  

Net (liabilities)/assets
  
(515,092)
2,218,381


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(515,192)
2,218,281

  
(515,092)
2,218,381


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Ms Shariffa
Director

Date: 17 July 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LEAD FILMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company Lead Films Ltd is a private company limited by shares and domiciled in England and Wales, registration number 12489293. The registered office and principal place of business is Greenham Business Park, 2 Communications Rd, Newbury RG19 6AB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is derived from a contract with the commissioning distributor and is recognised upon final delivery of the commissioned film. Final delivery is the point at which the film is available for theatrical release. 
                                                                                                                                                                             Film tax credits due are recognised within other operating income. These are received as a credit against eligible expenditure incurred on the production of the film.

Page 2

 
LEAD FILMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Stocks and work in progress

Production costs incurred during the year are recognised as work in progress on the balance sheet
until the film is delivered to the commissioning distributor.

Upon delivery of the film, it is acquired by the commissioning distributor and the production costs are then charged to the profit and loss account as cost of sales.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Stocks and work in progress

2024
2023
£
£

Production costs
-
14,065,622

-
14,065,622


Page 3

 
LEAD FILMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
100
19,859

100
19,859



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,574
110,376

110,574
110,376



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
625,666
11,960,429

Trade creditors
-
3,396

Other creditors
100
1,103

Accruals
-
12,548

625,766
11,977,476



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



9.


Controlling party

Ms Shariffa is the ultimate controlling party owing to her majority shareholding. 

Page 4