Story Films Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10396854

Story Films Ltd

Filleted Unaudited Accounts

31 December 2024

Story Films Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	65,155	81,461

Current assets

Work in progress		448,477	608,398
Debtors	6	320,970	840,614
Cash at bank and in hand		395,901	446,909
		------------	------------
		1,165,348	1,895,921

Creditors: amounts falling due within one year	7	( 1,474,222)	( 1,891,566)
		------------	------------
Net current (liabilities)/assets		( 308,874)	4,355
		---------	--------
Total assets less current liabilities		( 243,719)	85,816

Creditors: amounts falling due after more than one year	8	( 760,443)	( 515,887)
		------------	---------
Net liabilities		( 1,004,162)	( 430,071)
		------------	---------

Capital and reserves

Called up share capital	9	1	1
Share premium account		409,999	409,999
Profit and loss account		( 1,414,162)	( 840,071)
		------------	---------
Shareholders deficit		( 1,004,162)	( 430,071)
		------------	---------

These accounts 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 comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Story Films Ltd

Statement of Financial Position (continued)

31 December 2024

These accounts were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

D K R Nath

Director

Company registration number: 10396854

Story Films Ltd

Notes to the Accounts

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 Berkshire House, 168 - 173 High Holborn, London, WC1V 7AA, United Kingdom.

2. Statement of compliance

These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiences and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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 production of various television series. It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	20% straight line
Fixtures and fittings	-	20% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Work in progress

Work in progress represents the cost of various film and television projects on which the company is currently in development. An assessment is made at the end of each financial period and those projects which are no longer likely to go into production are written off.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2023: 22 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	86,425	6,045	34,709	127,179
Additions	–	–	10,340	10,340
Disposals	–	–	( 16,635)	( 16,635)
	--------	-------	--------	---------
At 31 December 2024	86,425	6,045	28,414	120,884
	--------	-------	--------	---------
Depreciation
At 1 January 2024	22,232	1,331	22,155	45,718
Charge for the year	17,285	1,209	8,152	26,646
Disposals	–	–	( 16,635)	( 16,635)
	--------	-------	--------	---------
At 31 December 2024	39,517	2,540	13,672	55,729
	--------	-------	--------	---------
Carrying amount
At 31 December 2024	46,908	3,505	14,742	65,155
	--------	-------	--------	---------
At 31 December 2023	64,193	4,714	12,554	81,461
	--------	-------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	122,165	278,384
Amounts owed by group undertakings	159,662	56,152
Prepayments and accrued income	37,943	432,184
Other debtors	1,200	73,894
	---------	---------
	320,970	840,614
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	98	98
Trade creditors	10,908	97,847
Amounts owed to group undertakings	36,855	143,335
Accruals and deferred income	1,301,683	1,457,797
Social security and other taxes	73,782	192,489
Other creditors	50,896	–
	------------	------------
	1,474,222	1,891,566
	------------	------------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings	760,443	515,887
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary A shares of £ 0.01 each	48	–	48	–
Ordinary B shares of £ 0.01 each	100	1	100	1
	----	----	----	----
	148	1	148	1
	----	----	----	----

10. Contingencies

Charges have been made against television series in favour of the following party to secure their interests in the copyright of and title of the television series: Natixis Coficine Sa

11. Related party transactions

All related-party transactions that took place in the year were made on terms equivalent to those that prevail in arm's length transactions and therefore are not required to be disclosed under FRS 102 Section 1AC 35.

12. Controlling party

The entity has no overall controlling party.