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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
3 |
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Independent auditor's report to the members |
5 |
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Consolidated statement of comprehensive income |
9 |
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Consolidated statement of financial position |
10 |
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Company statement of financial position |
11 |
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Consolidated statement of changes in equity |
12 |
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Company statement of changes in equity |
13 |
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Consolidated statement of cash flows |
14 |
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Notes to the financial statements |
15 |
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Officers and Professional Advisers |
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The board of directors |
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Registered office |
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England |
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Auditor |
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Chartered accountants & statutory auditor |
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10 Orange Street |
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London |
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United Kingdom |
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WC2H 7DQ |
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Strategic Report |
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Director |
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Directors' Report |
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Director |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered accountants & statutory auditor |
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10 Orange Street |
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London |
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United Kingdom |
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WC2H 7DQ |
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Consolidated Statement of Comprehensive Income |
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2024 |
2023 |
||
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
(
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(
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------------- |
------------- |
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Gross profit |
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Administrative expenses |
(
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(
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Other operating income |
5 |
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------------ |
------------ |
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Operating profit |
6 |
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Interest payable and similar expenses |
10 |
(
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(
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------------ |
------------ |
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Loss before taxation |
(
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(
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Tax on loss |
11 |
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--------- |
--------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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--------- |
--------- |
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The owners of the parent company |
(
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Non-controlling interests |
(
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-------- |
-------- |
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|
(
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-------- |
-------- |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
|
Intangible assets |
12 |
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Tangible assets |
13 |
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Investments |
14 |
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------------ |
------------ |
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Stock and work in progress |
15 |
– |
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Debtors |
16 |
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Cash at bank and in hand |
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------------ |
------------- |
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Creditors: amounts falling due within one year |
17 |
(
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(
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------------ |
------------- |
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Net current liabilities |
(
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(
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
(
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(
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
21 |
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Share premium account |
22 |
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Profit and loss account |
22 |
(
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(
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------------ |
------------ |
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Equity attributable to the owners of the parent company |
(
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Non-controlling interests |
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--------- |
--------- |
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--------- |
--------- |
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Director |
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Company Statement of Financial Position |
|
2024 |
2023 |
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Note |
£ |
£ |
|
Intangible assets |
12 |
|
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Tangible assets |
13 |
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Investments |
14 |
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------------ |
------------ |
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Debtors |
16 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
17 |
(
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(
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------------ |
------------ |
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Net current liabilities |
(
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(
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------------ |
------------ |
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Total assets less current liabilities |
(
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Creditors: amounts falling due after more than one year |
18 |
(
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(
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------------ |
------------ |
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Net liabilities |
(
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(
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------------ |
------------ |
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Called up share capital |
21 |
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Share premium account |
22 |
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Profit and loss account |
22 |
(
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(
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------------ |
------------ |
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Shareholders deficit |
(
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(
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------------ |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
|
Called up share capital |
Share premium account |
Profit and loss account |
Equity attributable to the owners of the parent company |
Non-controlling interests |
Total |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
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At 1 April 2022 |
|
|
(
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Profit for the year |
|
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||
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---- |
------------ |
------------ |
------- |
-------- |
-------- |
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Total comprehensive income for the year |
– |
– |
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At 31 March 2023 |
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(
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|
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Loss for the year |
(
|
(
|
(
|
(
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||
|
---- |
------------ |
------------ |
-------- |
--------- |
--------- |
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|
Total comprehensive income for the year |
– |
– |
(
|
(
|
(
|
(
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|
---- |
------------ |
------------ |
-------- |
--------- |
--------- |
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At 31 March 2024 |
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|
(
|
(
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|
---- |
------------ |
------------ |
-------- |
--------- |
--------- |
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Company Statement of Changes in Equity |
|
Called up share capital |
Share premium account |
Profit and loss account |
Total |
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|
£ |
£ |
£ |
£ |
|
|
At 1 April 2022 |
|
|
(
|
(
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Loss for the year |
(
|
(
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||
|
---- |
------------ |
------------ |
------------ |
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Total comprehensive income for the year |
– |
– |
(
|
(
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At 31 March 2023 |
|
|
(
|
(
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Loss for the year |
(
|
(
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||
|
---- |
------------ |
------------ |
------------ |
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Total comprehensive income for the year |
– |
– |
(
|
(
|
|
---- |
------------ |
------------ |
------------ |
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At 31 March 2024 |
|
|
(
|
(
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|
---- |
------------ |
------------ |
------------ |
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|
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Consolidated Statement of Cash Flows |
|
2024 |
2023 |
|
|
£ |
£ |
|
|
(Loss)/profit for the financial year |
(
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Adjustments for: |
||
|
Depreciation of tangible assets |
|
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Amortisation of intangible assets |
|
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Impairment of intangible assets |
|
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Interest payable and similar expenses |
|
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Tax on loss |
(
|
(
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Accrued expenses |
|
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Changes in: |
||
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Stock and work in progress |
|
(
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Trade and other debtors |
(
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Trade and other creditors |
(
|
|
|
------------ |
------------ |
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Cash generated from operations |
|
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Interest paid |
(
|
(
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Tax received |
|
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|
------------ |
------------ |
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Net cash from operating activities |
|
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|
------------ |
------------ |
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Net payments for tangible assets |
(
|
(
|
|
Net payments for intangible assets |
(
|
(
|
|
Proceeds from sale of intangible assets |
(
|
– |
|
------------ |
------------ |
|
|
Net cash used in investing activities |
(
|
(
|
|
------------ |
------------ |
|
|
Proceeds from borrowings |
– |
|
|
Repayments of borrowings |
(
|
(
|
|
------------ |
------------ |
|
|
Net cash used in financing activities |
(
|
(
|
|
------------ |
------------ |
|
|
Net increase/(decrease) in cash and cash equivalents |
|
(
|
|
Cash and cash equivalents at beginning of year |
574,821 |
1,779,938 |
|
--------- |
------------ |
|
|
Cash and cash equivalents at end of year |
|
|
|
--------- |
------------ |
|
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|
Notes to the Financial Statements |
|
Computer Equipment |
- |
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Rendering of services |
|
|
|
------------- |
------------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Other operating income |
|
|
|
-------- |
------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Depreciation of tangible assets |
|
|
|
Impairment of trade debtors |
22,395 |
16,835 |
|
Foreign exchange differences |
(
|
|
|
Amortisation of intangible assets |
|
|
|
Impairment of intangible assets |
|
|
|
------------ |
------------ |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Fees payable for the audit of the financial statements |
|
|
|
-------- |
-------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Management staff |
3 |
3 |
|
Sales and distribution staff |
|
|
|
---- |
---- |
|
|
|
|
|
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Remuneration |
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Defined contribution plans |
|
|
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Aggregate remuneration |
|
|
|
Company contributions to defined contribution pension plans |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Interest on bank loans and overdrafts |
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
UK current tax income |
(
|
(
|
|
Adjustments in respect of prior periods |
|
– |
|
--------- |
--------- |
|
|
Total current tax |
(
|
(
|
|
--------- |
--------- |
|
|
Tax on loss |
(
|
(
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Loss on ordinary activities before taxation |
(
|
(
|
|
--------- |
--------- |
|
|
Loss on ordinary activities by rate of tax |
(
|
(
|
|
Effect of expenses not deductible for tax purposes |
(
|
|
|
Effect of capital allowances and depreciation |
(
|
|
|
Unused tax losses |
|
|
|
High-end television tax relief |
(
|
(
|
|
--------- |
--------- |
|
|
Tax on loss |
(
|
(
|
|
--------- |
--------- |
|
|
Group |
Film Investments |
|
£ |
|
|
Cost |
|
|
At 1 April 2023 |
|
|
Additions |
|
|
Additions from internal developments |
|
|
Disposals |
(
|
|
------------- |
|
|
At 31 March 2024 |
|
|
------------- |
|
|
Amortisation |
|
|
At 1 April 2023 |
|
|
Charge for the year |
|
|
Impairment losses |
|
|
------------- |
|
|
At 31 March 2024 |
|
|
------------- |
|
|
Carrying amount |
|
|
At 31 March 2024 |
|
|
------------- |
|
|
At 31 March 2023 |
|
|
------------- |
|
|
Company |
Film Investments |
|
£ |
|
|
Cost |
|
|
At 1 April 2023 |
|
|
Additions |
|
|
Disposals |
(
|
|
------------ |
|
|
At 31 March 2024 |
|
|
------------ |
|
|
Amortisation |
|
|
At 1 April 2023 |
|
|
Charge for the year |
|
|
------------ |
|
|
At 31 March 2024 |
|
|
------------ |
|
|
Carrying amount |
|
|
At 31 March 2024 |
|
|
------------ |
|
|
At 31 March 2023 |
|
|
------------ |
|
|
Group |
Fixtures and fittings |
Computer Equipment |
Total |
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 April 2023 |
– |
|
|
|
Additions |
|
|
|
|
------- |
-------- |
-------- |
|
|
At 31 March 2024 |
|
|
|
|
------- |
-------- |
-------- |
|
|
Depreciation |
|||
|
At 1 April 2023 |
– |
|
|
|
Charge for the year |
– |
|
|
|
------- |
-------- |
-------- |
|
|
At 31 March 2024 |
– |
|
|
|
------- |
-------- |
-------- |
|
|
Carrying amount |
|||
|
At 31 March 2024 |
|
|
|
|
------- |
-------- |
-------- |
|
|
At 31 March 2023 |
– |
|
|
|
------- |
-------- |
-------- |
|
|
Company |
Fixtures and fittings |
Computer Equipment |
Total |
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 April 2023 |
– |
|
|
|
Additions |
|
|
|
|
------- |
-------- |
-------- |
|
|
At 31 March 2024 |
|
|
|
|
------- |
-------- |
-------- |
|
|
Depreciation |
|||
|
At 1 April 2023 |
– |
|
|
|
Charge for the year |
– |
|
|
|
------- |
-------- |
-------- |
|
|
At 31 March 2024 |
– |
|
|
|
------- |
-------- |
-------- |
|
|
Carrying amount |
|||
|
At 31 March 2024 |
|
|
|
|
------- |
-------- |
-------- |
|
|
At 31 March 2023 |
– |
|
|
|
------- |
-------- |
-------- |
|
|
Group |
Shares in group undertakings |
|
£ |
|
|
Cost |
|
|
At 1 April 2023 and 31 March 2024 |
|
|
---- |
|
|
Impairment |
|
|
At 1 April 2023 and 31 March 2024 |
– |
|
---- |
|
|
Carrying amount |
|
|
At 1 April 2023 and 31 March 2024 |
|
|
---- |
|
|
At 31 March 2023 |
|
|
---- |
|
|
Company |
Shares in group undertakings |
|
£ |
|
|
Cost |
|
|
At 1 April 2023 |
|
|
Additions |
|
|
---- |
|
|
At 31 March 2024 |
|
|
---- |
|
|
Impairment |
|
|
At 1 April 2023 and 31 March 2024 |
– |
|
---- |
|
|
Carrying amount |
|
|
At 31 March 2024 |
|
|
---- |
|
|
At 31 March 2023 |
|
|
---- |
|
|
Class of share |
Percentage of shares held |
|
|
Subsidiary undertakings |
||
|
|
Ordinary |
90 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
100 |
|
|
Ordinary |
50 |
|
|
Ordinary |
50 |
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Work in progress |
– |
|
– |
– |
|
---- |
------------ |
---- |
---- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade debtors |
|
|
|
|
|
Amounts owed by group undertakings |
– |
– |
|
|
|
Prepayments and accrued income |
|
|
|
|
|
Corporation tax recoverable |
|
|
– |
– |
|
Other debtors |
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Trade creditors |
|
|
|
|
|
Amounts owed to group undertakings |
– |
– |
|
|
|
Accruals and deferred income |
|
|
|
|
|
Social security and other taxes |
|
|
|
|
|
Other creditors |
|
|
|
|
|
------------ |
------------- |
------------ |
------------ |
|
|
|
|
|
|
|
|
------------ |
------------- |
------------ |
------------ |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Other creditors |
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
|
Group |
|||
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Financial liabilities measured at amortised cost |
4,932,882 |
5,059,585 |
|
|
------------ |
------------ |
||
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
58 |
|
58 |
|
|
|
10 |
|
10 |
|
|
|
43 |
|
43 |
|
--------- |
---- |
--------- |
---- |
|
|
|
111 |
|
111 |
|
|
--------- |
---- |
--------- |
---- |
|
|
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
138,636 |
|
|
--------- |
--------- |
--------- |
|
|
Group |
Company |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Not later than 1 year |
|
|
– |
– |
|
--------- |
--------- |
---- |
---- |
|
|
|
|
Notes to the Financial Statements (continued) |
|
2024 |
2023 |
||
|
£ |
£ |
||
|
Ingenious Media Finance Limited |
1,373,001 |
3,226,694 |
|