ACCOUNTS - Final Accounts preparation



	Rockwood Pictures Development Limited
	(Formerly known as RP Guild Limited)











	Unaudited
	Financial statements

	For the period ended 31 December 2024

	Registered number: 15663242


Rockwood Pictures Development Limited - Registered number: 15663242

Statement of financial position

As at 31 December 2024

	2024	2024
Note	£	£


Current assets
Debtors	4	21,811
Cash at bank and in hand		11,856
		33,667
Creditors: amounts falling due within one year	5	(38,301)
Net current liabilities			(4,634)
Total assets less current liabilities			(4,634)

Net liabilities			(4,634)

Capital and reserves
Share capital			1
Profit and loss account			(4,635)
			(4,634)

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 period 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.

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.

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Rockwood Pictures Development Limited - Registered number: 15663242

Statement of financial position (continued)

As at 31 December 2024

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 5 form part of these financial statements.

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Rockwood Pictures Development Limited

Notes to the financial statements

For the period ended 31 December 2024

1.	General information

Rockwood Pictures Development Limited is a private company limited by shares and is registered in England and Wales. The registered office of the company is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and its principal place of business is C/O UTA, 1 Newman Street, London, W1T 1PB. The company registration number is 15663242.

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

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from its shareholder that they will continue to give financial support to the company for a period of at least
twelve months from the date of signing of these financial statements.
On this basis, the director consider it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.

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Rockwood Pictures Development Limited

Notes to the financial statements

For the period ended 31 December 2024

2.Accounting policies (continued)

2.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

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.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs.

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Rockwood Pictures Development Limited

Notes to the financial statements

For the period ended 31 December 2024

2.Accounting policies (continued)

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

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.

2.8

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 and other third parties and loans to related parties.

3.	Employees
	The average monthly number of employees during the period was nil.

Debtors

					2024
					£


	Trade debtors	21,337
	Amounts owed by group undertakings	1
	Other debtors	473
		21,811

5.	Creditors: amounts falling due within one year
		2024
		£

	Other creditors	27,642
	Accruals and deferred income	10,659
		38,301

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