Company Registration No. 15717263 (England and Wales)
Crown Leo UK Productions Limited
(Previously known as Pram Leo UK Productions Limited)
Annual report and financial statements
for the period ended 31 December 2024
Crown Leo UK Productions Limited
Contents
Page
Company information
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Statement of financial position
8
Statement of changes in equity
9
Notes to the financial statements
10 - 14
Crown Leo UK Productions Limited
Company information
1
Directors
David Clapham
(Appointed 13 May 2024)
Ajay Patel
(Appointed 5 August 2024)
Secretary
David Clapham
(Appointed 13 May 2024)
Ajay Patel
(Appointed 5 August 2024)
Company number
15717263
Registered office
71 Queen Victoria Street
London
EC4V 4BE
Independent auditor
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Crown Leo UK Productions Limited
Directors' report
For the period ended 31 December 2024
2

The directors of Crown Leo UK Productions Limited (the "Company") present the annual report containing their Directors' Report and financial statements for the period ended 31 December 2024. In accordance with section 414B of the Companies Act 2006, the directors have taken advantage of the exemption from preparing a Strategic Report.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

David Clapham
(Appointed 13 May 2024)
Ajay Patel
(Appointed 5 August 2024)
No director held any interest in the share capital of the Company during the period.
Principal activities

The company was incorporated on 13 May 2024 and began trading on the same day. The principal activity of the company is that of motion picture production.

Dividend

The directors do not recommend payment of any dividend.

Auditor

Saffery LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006.

Disclosure of information to the auditor

The directors who held office at the date of approval of this annual report confirm that so far as they are aware, there is no relevant audit information of which the Company's auditor is unaware, and the directors have taken steps that ought to have been taken as directors to make themselves aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
David Clapham
Director
16 September 2025
Crown Leo UK Productions Limited
Directors' responsibilities statement
For the period ended 31 December 2024
3

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and applicable law.

Under Company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies in accordance with Section 10 of FRS 102 and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

- provide additional disclosures when compliance with the specific requirements in FRS 102 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the Company's financial position and financial performance;

- in respect of the financial statements, state whether FRS 102 has been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is appropriate to presume that the Company will not continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Under applicable law and regulations, the directors are also responsible for preparing a directors' report that complies with that law and those regulations. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.

Crown Leo UK Productions Limited
Independent auditor's report
To the members of Crown Leo UK Productions Limited
4
Opinion

We have audited the financial statements of Crown Leo UK Productions Limited (the 'C ompany') for the period ended 31 December 2024 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

Crown Leo UK Productions Limited
Independent auditor's report (continued)
To the members of Crown Leo UK Productions Limited
5
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the C ompany and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.; or

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the C ompany's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the Company’s financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the Company by discussions with directors and by updating our understanding of the sector in which the Company operates.

Laws and regulations of direct significance in the context of the Company include The Companies Act 2006 and UK Tax legislation, specifically legislation relating to creative industry tax credits.

Crown Leo UK Productions Limited
Independent auditor's report (continued)
To the members of Crown Leo UK Productions Limited
6

In addition, the Company is subject to other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to its ability to operate or to avoid a material penalty. These include anti-bribery legislation, employment law and anti-money laundering legislation.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the Company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the Company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance. We have reviewed management's assessment of how the Company, and production, comply with the relevant laws and regulations governing access to the creative industry tax credits.

We have reviewed management's assessment of how the Company, and production, comply with the relevant laws and regulations governing access to the creative industry tax credits, including the Audio-Visual Expenditure Credit (AVEC).

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the C ompany's members in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the C ompany's members those matters we are required to state to the members in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the C ompany and the C ompany's members, for our audit work, for this report, or for the opinions we have formed.

Sinead McHugh
Senior Statutory Auditor
For and on behalf of Saffery LLP
17 September 2025
Statutory Auditors
71 Queen Victoria Street
London
EC4V 4BE
Crown Leo UK Productions Limited
Statement of comprehensive income
For the period ended 31 December 2024
7
Period
ended
31 December
2024
Notes
£
TURNOVER
3
7,372,543
Cost of sales
(7,334,124)
GROSS PROFIT
38,419
Administrative expenses
(36,669)
OPERATING PROFIT BEFORE TAXATION
1,750
Tax on profit
-
0
PROFIT AND TOTAL COMPREHENSIVE INCOME FOR THE PERIOD
1,750

The income statement has been prepared on the basis that all operations are continuing operations.

Crown Leo UK Productions Limited
Statement of financial position
As at 31 December 2024
8
2024
Notes
£
£
CURRENT ASSETS
DEBTORS: amounts falling due within one year
7
1,012,194
Cash at bank and in hand
1,239,995
2,252,189
CREDITORS:
amounts falling due within one year
8
(2,250,438)
NET CURRENT ASSETS
1,751
CAPITAL AND RESERVES
Called up share capital
9
1
Retained earnings
1,750
SHAREHOLDER'S FUNDS
1,751
The financial statements were approved by the board of directors and authorised for issue on 16 September 2025 and are signed on its behalf by:
David Clapham
Director
Company Registration No. 15717263
Crown Leo UK Productions Limited
Statement of changes in equity
For the period ended 31 December 2024
9
Share capital
Retained earnings
Total
Notes
£
£
£
Balance at 13 May 2024
-
0
-
0
-
Period ended 31 December 2024:
Profit and total comprehensive income
-
1,750
1,750
Issue of share capital
9
1
-
1
Balance at 31 December 2024
1
1,750
1,751
Crown Leo UK Productions Limited
Notes to the financial statements
For the period ended 31 December 2024
10
1
Accounting policies

Statement of compliance

Crown Leo UK Productions Limited ("the Company") is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

The Company’s financial statements have been prepared in compliance with Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (“FRS 102”), and with the Companies Act 2006.

1.1
Reporting period

The financial statements have been presented for a period from inception on 13 May 2024 to 31 December 2024, to align with the reporting dates of the wider group.

1.2
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards and under the historical cost convention.

The functional currency of the Company's operations in the United Kingdom is pound sterling. The financial statements are presented in pound sterling and are rounded to the nearest pound sterling (£).

The Company has taken advantage of the following disclosure exemptions in FRS 102:

- The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17(d)

- The requirements of Section 33 Related Party Disclosures paragraph 33.1A and 33.7

- The requirements of Section 11 Basic Financial Instruments paragraph 11.39 to 11.48A

The exemptions stated above are available to the Company as it is a member of a group w here the parent of that group prepares publicly available consolidated financial statements.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the true company has adequate resources to continue in operational existence for the foreseeable future, being twelve months from the approval of the financial statements (until September 2026). This period is deemed appropriate due to the nature of the principal activities of the business and Amazon.com Inc.’s ongoing commitment and proven ability to support the Company’s operations. The financial statements have therefore been prepared on a going concern basis.

1.4
Turnover

Turnover represents income from the Company's principal trading activities and is stated exclusive of VAT.

In respect of long-term contracts for ongoing services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Value of work done in respect of long-term contracts and contracts for ongoing services is determined by reference to the stage of completion.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the period in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recoverable.

Crown Leo UK Productions Limited
Notes to the financial statements (continued)
For the period ended 31 December 2024
1
Accounting policies (continued)
11
1.5
Cash at bank and in hand

All highly liquid instruments with an original maturity of three months or less are classified as cash equivalents.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Income tax
On 11 July 2023, the UK enacted new global minimum tax rules to align with the Organization for Economic Co-operation and Development Base Erosion and Profit Shifting (“BEPS”) Pillar two model rules. The enacted law includes the implementation of multinational top-up tax (“MTUT”) and domestic minimum top-up tax (“DTT”). The MTUT and DTT are effective for fiscal years beginning on or after 31 December 2023. The UK has also adopted the Transitional Country by Country Safe Harbor guidance applicable for fiscal years beginning on or before 31 December 2026. The Transitional Country by Country Safe Harbors will provide relief from the application of the global minimum tax rules within a jurisdiction should certain criteria be met. We have applied the temporary, mandatory exception provided under Section 29 – Income Taxes to neither recognise nor disclose information on deferred tax assets and liabilities related to Pillar two income taxes.
1.7
Pension costs

The company operates a defined contribution scheme. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions where practicable, else at the average rate over the period in which the transactions were incurred. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date.

2
Critical accounting 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 amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Crown Leo UK Productions Limited
Notes to the financial statements (continued)
For the period ended 31 December 2024
12
3
Turnover
Period ended
31 December
2024
£
Turnover analysed by class of business
Sale of rights
7,370,793
Production service fee
1,750
7,372,543
Period ended
31 December
2024
£
Turnover analysed by geographical market
United States of America
7,372,543
4
Operating profit
Period ended
31 December
2024
Operating profit for the period is stated after charging:
£
Exchange (gains)/losses
13,669
Fees payable to the Company's auditor for the audit of the Company's financial statements
14,000
Fees payable to the Company's auditor for non-audit services
9,000
5
Staff costs

The average monthly number of persons (excluding directors) employed by the Company during the period was:

Period ended
31 December
2024
Number
Production
3
Crown Leo UK Productions Limited
Notes to the financial statements (continued)
For the period ended 31 December 2024
5
Staff costs (continued)
13

Their aggregate remuneration comprised:

2024
£
Wages and salaries
100,386
Social security costs
12,187
Staff pension contributions
381
112,954
6
Directors' remuneration

The directors' remuneration has been borne by the parent company, Amazon.com Inc. or one of its affiliated companies. The directors do not believe that it is practicable to apportion their remuneration for qualifying services to the Company for the year ended 31 December 2024.

7
Debtors: amounts falling due within one year
2024
£
Amounts owed by group undertakings
509,965
Other debtors
502,229
1,012,194
8
Creditors: amounts falling due within one year
2024
£
Trade creditors
13,999
Amounts owed to group undertakings
1,387,884
Other creditors
848,555
2,250,438
9
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
Crown Leo UK Productions Limited
Notes to the financial statements (continued)
For the period ended 31 December 2024
14
10
Operating lease commitments

At the reporting end date, the Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
£
Within one year
357,657
11
Ultimate controlling party

The Company's immediate parent undertaking is Metro-Goldwyn-Mayer Studios Inc., a company

incorporated in the United States of America. The address of this company is 245 N Beverly Drive, Beverly

Hills, CA 90210-5317, USA.

The smallest and largest group in which the results of the Company are consolidated is that headed by its

ultimate parent undertaking, Amazon.com Inc., a company incorporated in the United States of America.

Copies of group financial statements of Amazon.com Inc. can be obtained from 410 Terry Avenue N,

Seattle, WA 98109-5210, USA.

2024-12-31 2024-05-13 false false false CCH Software CCH Accounts Production 2024.301 D A Clapham Ajay Patel David Clapham 15717263 2024-05-13 2024-12-31 15717263 bus:CompanySecretaryDirector1 2024-05-13 2024-12-31 15717263 bus:Director2 2024-05-13 2024-12-31 15717263 bus:Director1 2024-05-13 2024-12-31 15717263 bus:CompanySecretary1 2024-05-13 2024-12-31 15717263 bus:RegisteredOffice 2024-05-13 2024-12-31 15717263 2024-12-31 15717263 core:RetainedEarningsAccumulatedLosses 2024-05-13 2024-12-31 15717263 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15717263 core:ShareCapital 2024-12-31 15717263 core:RetainedEarningsAccumulatedLosses 2024-12-31 15717263 core:ShareCapital 2024-05-12 15717263 core:RetainedEarningsAccumulatedLosses 2024-05-12 15717263 core:ShareCapital 2024-05-13 2024-12-31 15717263 core:WithinOneYear 2024-12-31 15717263 core:CurrentFinancialInstruments 2024-12-31 15717263 bus:PrivateLimitedCompanyLtd 2024-05-13 2024-12-31 15717263 bus:FRS102 2024-05-13 2024-12-31 15717263 bus:Audited 2024-05-13 2024-12-31 15717263 bus:FullAccounts 2024-05-13 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP