COMPANY REGISTRATION NUMBER:
11719548
|
Sister Pictures (Split 2) Limited |
|
|
Filleted Financial Statements |
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|
Sister Pictures (Split 2) Limited |
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|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Creditors: amounts falling due within one year |
7 |
(
18,483) |
(
9,820) |
|
-------- |
------- |
|
Net current assets |
1 |
1 |
|
---- |
---- |
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Total assets less current liabilities |
1 |
1 |
|
---- |
---- |
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|
|
|
Capital and reserves
|
Called up share capital |
8 |
1 |
1 |
|
---- |
---- |
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Shareholders funds |
1 |
1 |
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---- |
---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
4 August 2025
, and are signed on behalf of the board by:
Company registration number:
11719548
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Sister Pictures (Split 2) Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-18 Hayward's Place, London, EC1R 0EQ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover relates to the exploitation of the television series entitled "The Split Series 2". It represents royalties received during the period and is stated after other taxes and net of VAT. Royalties are measured at their actual costs.
Financial instruments
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 entity after deducting all of its financial liabilities.
4.
Employees
The company has been incorporated to produce a high-end television series called "The Split Series 2". Production is now complete and the company does not have any employees on its payroll.
None of the Directors received any form of remuneration.
5.
Tax on profit
Reconciliation of tax income
The tax assessed on the profit on ordinary activities for the year is the same as (2023: the same as) the
standard rate of corporation tax in the UK
of
25
% (2023:
25
%).
|
2024 |
2023 |
|
£ |
£ |
|
High-end television tax relief |
(
18,483) |
(
9,820)
|
|
-------- |
------- |
|
|
|
The Finance Act 2021 included legislation to increase the main rate of UK corporation tax from 19% to 25% from 1 April 2023. The standard rate of corporation tax in the UK at the balance sheet date is 25%.
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Corporation tax recoverable |
18,483 |
9,820 |
|
Other debtors |
1 |
1 |
|
-------- |
------- |
|
18,484 |
9,821 |
|
-------- |
------- |
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7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Production loan |
18,483 |
9,820 |
|
-------- |
------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
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|
|
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9.
Summary audit opinion
The auditor's report dated
4 August 2025
was
unqualified
.
The senior statutory auditor was
Lauren Gilman
, for and on behalf of
Moore Kingston Smith LLP
.
10.
Related party transactions
The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
11.
Controlling party
In the opinion of the directors the immediate parent undertaking is Sister Pictures (Split Rights) Limited, a company incorporated in England and Wales. The smallest and largest group for which accounts are prepared and in which the results of the company are consolidated is Sister Holdings Limited. Copies of the group accounts can be obtained from Utopia Village, 7 Chalcot Road, London, United Kingdom, NW1 8LH.