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Registration number: 09477162

OD Pictures Ltd

Unaudited Annual Report and Financial Statements

for the Year Ended 31 March 2025

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

OD Pictures Ltd

Contents

Company Information

1

Director's Report

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

OD Pictures Ltd

Company Information

Director

Mr O Deeks

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

OD Pictures Ltd

Director's Report for the Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Mr O Deeks

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 18 August 2025 and signed on its behalf by:




 

.........................................
Mr O Deeks
Director

 

OD Pictures Ltd

Statement of Income and Retained Earnings for the Year Ended 31 March 2025

Note

2025
£

2024
£

Turnover

 

423,764

255,213

Cost of sales

 

(208,728)

(111,168)

Gross profit

 

215,036

144,045

Administrative expenses

 

(85,625)

(61,695)

Operating profit

 

129,411

82,350

Other interest receivable and similar income

 

2,370

1,547

Interest payable and similar charges

 

(1,237)

(1,750)

 

1,133

(203)

Profit before tax

4

130,544

82,147

Taxation

 

(27,540)

(20,478)

Profit for the financial year

 

103,004

61,669

Retained earnings brought forward

 

47,542

37,373

Dividends paid

 

(74,300)

(51,500)

Retained earnings carried forward

 

76,246

47,542

 

OD Pictures Ltd

Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

133,937

40,742

Current assets

 

Debtors

6

117,866

152,337

Cash at bank and in hand

 

133

790

 

117,999

153,127

Creditors: Amounts falling due within one year

7

(94,540)

(108,183)

Net current assets

 

23,459

44,944

Total assets less current liabilities

 

157,396

85,686

Creditors: Amounts falling due after more than one year

7

(47,664)

(27,956)

Provisions for liabilities

(33,484)

(10,186)

Net assets

 

76,248

47,544

Capital and reserves

 

Called up share capital

2

2

Retained earnings

76,246

47,542

Shareholders' funds

 

76,248

47,544

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

OD Pictures Ltd

Statement of Financial Position as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 18 August 2025
 

.........................................

Mr O Deeks

Director

Company registration number: 09477162

 

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of camera services and the production of motion pictures.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets of £76,248 at that date.

The company's services have remained in demand subsequent to 31 March 2025 and the company continues to trade profitably.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities and is shown net of sales/value added tax, returns, rebates and discounts.

Revenue is recognised based on the contractual stage of completion of the services provided.

 

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Fixed Assets

Fixed assets are stated in the statement of financial position at cost less accumulated depreciation and accumulated impairment losses.

The cost of plant and machinery includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

5 years straight line

Motor vehicles

4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance leases and hire purchase

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.

The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2024 - 1).

 

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

33,998

24,642

5

Tangible fixed assets

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 April 2024

-

139,999

139,999

Additions

30,000

104,693

134,693

Disposals

-

(7,500)

(7,500)

At 31 March 2025

30,000

237,192

267,192

Depreciation

At 1 April 2024

-

99,257

99,257

Charge for the year

625

33,373

33,998

At 31 March 2025

625

132,630

133,255

Carrying amount

At 31 March 2025

29,375

104,562

133,937

At 31 March 2024

-

40,742

40,742

 

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

2025
£

2024
£

Trade debtors

36,910

48,900

Other debtors

80,956

103,437

117,866

152,337

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Loans and borrowings

8

13,899

9,937

Trade creditors

 

56,366

42,285

Taxation and social security

 

6,270

33,838

Accruals and deferred income

 

5,871

10,937

Other creditors

 

12,134

11,186

 

94,540

108,183

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Loans and borrowings

8

47,664

27,956

 

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank loans

10,083

9,937

Hire purchase obligations

3,816

-

13,899

9,937

Non-current loans and borrowings

2025
£

2024
£

Bank loans

22,030

27,956

Hire purchase obligations

25,634

-

47,664

27,956

Obligations under hire purchase agreements are secured on the assets involved.

9

Transactions with directors

At 31 March 2025 an amount of £69,893 (2024: £83,346) was due from the director. During the year advances of £132,218 and repayments of £147,995 were made. Interest of £2,324 (2024: £1,499) is payable to the company at 2.25% p.a. There are no fixed terms.