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REGISTERED NUMBER: 09321856 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Springhead Film Company Limited

The Springhead Film Company Limited (Registered number: 09321856)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Springhead Film Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr J E W Webber





REGISTERED OFFICE: Sterling Partners Limited
Unit 14
7 Wenlock Road
London
N1 7SL





REGISTERED NUMBER: 09321856 (England and Wales)





ACCOUNTANTS: Sterling Partners Ltd
Chartered Accountants
Chartered Tax Advisors
Units 14
7 Wenlock Road
London
N1 7SL

The Springhead Film Company Limited (Registered number: 09321856)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,025 -

CURRENT ASSETS
Debtors 5 800 2,888
Cash at bank 2,023 598
2,823 3,486
CREDITORS
Amounts falling due within one year 6 (1,271 ) (772 )
NET CURRENT ASSETS 1,552 2,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,577

2,714

CREDITORS
Amounts falling due after more than one
year

7

(25,000

)

(25,000

)
NET LIABILITIES (22,423 ) (22,286 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,523 ) (22,386 )
(22,423 ) (22,286 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Springhead Film Company Limited (Registered number: 09321856)

Balance Sheet - continued
31 December 2024


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 1 August 2025 and were signed by:





Mr J E W Webber - Director


The Springhead Film Company Limited (Registered number: 09321856)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Springhead Film Company 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Total net liabilities for the year ended 31/12/2024 are £22,423 (2023: £22,286). The company relies on the loan funding provided by its investors. The Directors are of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result in a withdrawal of support by its investors.

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
Tangible Fixed Assets are depreciated on 20% Straight Line Basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

The Springhead Film Company Limited (Registered number: 09321856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 4,316
Additions 1,281
At 31 December 2024 5,597
DEPRECIATION
At 1 January 2024 4,316
Charge for year 256
At 31 December 2024 4,572
NET BOOK VALUE
At 31 December 2024 1,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 800 1,600
Directors' current accounts - 1,288
800 2,888

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 437 -
Accrued expenses 834 772
1,271 772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other Loans 25,000 25,000

The Springhead Film Company Limited (Registered number: 09321856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr J E W Webber
Balance outstanding at start of year 1,288 -
Amounts advanced 10,020 2,065
Amounts repaid (11,745 ) (777 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (437 ) 1,288

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J E W Webber.