ACCOUNTS - Final Accounts preparation



	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.

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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.

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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.

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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.

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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.

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%

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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

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

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