Seraphim Film Productions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14871395

Seraphim Film Productions Limited

Filleted Unaudited Financial Statements

31 March 2025

Seraphim Film Productions Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 6

Seraphim Film Productions Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Seraphim Film Productions Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seraphim Film Productions Limited for the year ended 31 March 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Seraphim Film Productions Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Seraphim Film Productions Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seraphim Film Productions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Seraphim Film Productions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Seraphim Film Productions Limited. You consider that Seraphim Film Productions Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Seraphim Film Productions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MILLER DAVIES LLP Chartered Accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

9 September 2025

Seraphim Film Productions Limited

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	5,734	6,172

Current assets

Debtors	5	937	3,877
Cash at bank and in hand		4,677	14,054
		-------	--------
		5,614	17,931

Creditors: amounts falling due within one year	6	3,424	15,301
		-------	--------
Net current assets		2,190	2,630
		-------	-------
Total assets less current liabilities		7,924	8,802

Creditors: amounts falling due after more than one year	7	451,300	365,300
		---------	---------
Net liabilities		( 443,376)	( 356,498)
		---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	( 443,576)	( 356,698)
	---------	---------
Shareholders deficit	( 443,376)	( 356,498)
	---------	---------

These financial statements 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 profit and loss account has not been delivered.

For the year ending 31 March 2025 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 financial statements 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 financial statements .

Seraphim Film Productions Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr R. S. Nathaniel	Mrs S. K. Nathaniel
Director	Director

Company registration number: 14871395

Seraphim Film Productions Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.

2. Statement of compliance

These financial statements 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 financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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:

Fixtures and fittings	-	33% 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.

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.

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	114	9,144	9,258
Additions	–	3,972	3,972
	----	--------	--------
At 31 March 2025	114	13,116	13,230
	----	--------	--------
Depreciation
At 1 April 2024	38	3,048	3,086
Charge for the year	38	4,372	4,410
	----	--------	--------
At 31 March 2025	76	7,420	7,496
	----	--------	--------
Carrying amount
At 31 March 2025	38	5,696	5,734
	----	--------	--------
At 31 March 2024	76	6,096	6,172
	----	--------	--------

5. Debtors

	2025	2024
	£	£
Other debtors	937	3,877
	----	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	759	7,728
Other creditors	2,665	7,573
	-------	--------
	3,424	15,301
	-------	--------

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

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	451,300	365,300
	---------	---------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	4,677	14,054
	-------	--------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	454,923	380,801
	---------	---------

9. Related party transactions

During the year the company was loaned £86,000 (2024 - £365,300) from Seraphim Group UK Limited, who own the entire share capital of Seraphim Film Productions Limited . At the year end the total loan stood at £451,300 (2024 - £365,300).

10. Controlling party

The company's ultimate parent company is Seraphim Group UK Limited, a company incorporated in England and Wales.