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| Rockwood Pictures Limited
| Unaudited
| Financial statements
| For the year ended 31 December 2024
| Registered number: 14831467
Rockwood Pictures Limited - Registered number: 14831467
Statement of financial position As at 31 December 2024
| 2024 | 2024 | 2023 | 2023
Notes | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investments |  |  | 1 |  | -
|  |  | 1 |  | -
Current assets |  |  |  |  |
Work In Progress | 5 | 288,978 |  | 34,114 |
Debtors | 6 | 21,508,729 |  | 80,950 |
Cash at bank |  | 71,668 |  | 141,174 |
|  | 21,869,375 |  | 256,238 |
Creditors: amounts falling due within one year | 7 | (21,413,909) |  | (106,325) |
Net current assets |  |  | 455,466 |  | 149,913
Total assets less current liabilities |  |  | 455,467 |  | 149,913
Net assets |  |  | 455,467 |  | 149,913
Capital and reserves |  |  |  |  |
Share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 455,466 |  | 149,912
|  |  | 455,467 |  | 149,913
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. Page 1
Rockwood Pictures Limited - Registered number: 14831467
Statement of financial position (continued) As at 31 December 2024 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the director:
D Kosse
Director
Date: 6 August 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
Rockwood Pictures Limited
Notes to the financial statements For the year ended 31 December 2024
1. | General information
The company is a private company limited by shares and incorporated in England and Wales. The registered office of the company is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and the principal place of business is C/O UTA, 1 Newman Street, London, W1T 1PB. The company registration number is 14831467. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 3
Rockwood Pictures Limited
Notes to the financial statements For the year ended 31 December 2024 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.7 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Page 4
Rockwood Pictures Limited
Notes to the financial statements For the year ended 31 December 2024 2.Accounting policies (continued)
| 2.10 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and other third parties.
3. | Employees
The average monthly number of employees during the year was nil (2023 - nil).
4. | Fixed asset investment
|  | Investment in subsidiary company
|  | £
| Cost |
| Additions | 1
| At 31 December 2024 | 1
| Subsidiary undertaking
| The following was a subsidiary undertaking of the company:
| Name | Registered office | Class of shares | Holding
| The Runner Films Limited | C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL | Ordinary | 100%
Page 5
Rockwood Pictures Limited
Notes to the financial statements For the year ended 31 December 2024
5. | Work in progress
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Work in progress | 288,978 | 34,114
|  | 288,978 | 34,114
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 21,033,980 | 65,000
| Amounts owed by group undertakings | 474,749 | -
| Other debtors | - | 15,950
|  | 21,508,729 | 80,950
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 65,228 | 65,228
| Trade creditors | 68,890 | 13,115
| Amounts owed to group undertakings | - | 22,182
| Other taxation and social security | 852,965 | -
| Accruals and deferred income | 20,426,826 | 5,800
|  | 21,413,909 | 106,325
Page 6