ACCOUNTS - Final Accounts preparation

Registered number: 00787093

SUBAFILMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


SUBAFILMS LIMITED REGISTERED NUMBER:00787093

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		2		2
Current assets
Debtors: amounts falling due within one year	5	110,685		134,724
Cash at bank and in hand		375,203		586,887
		485,888		721,611
Current liabilities
Creditors: amounts falling due within one year	6	(339,637)		(485,254)
Net current assets			146,251		236,357

Net assets			146,253		236,359

Capital and reserves
Called up share capital	7	92	92
Profit and loss account		146,161	236,267
		146,253	236,359

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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B V Grakal

Director

Date: 18 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


SUBAFILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Subafilms Limited is a private limited liability company incorporated in England and Wales, with its registered office address at 27 Ovington Square, London, SW3 1LJ.
The principal activity of the Company during the year was the making, producing and exploitation of films.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue from the exploitation of films, including ancillary income, exclusive of VAT, which is accounted for on an accruals basis.

2.3

Valuation of investments

Investments are measured at cost less provision for impairment.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on sufficient notice agreed in advance.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

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.

Page 2


SUBAFILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.9

Taxation

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.10

Affiliated undertakings

In these financial statements, undertakings are described as affiliated to Subafilms Limited if:
(a) they have the same shareholders or ultimate shareholders as Subafilms Limited; or
(b) the undertaking is owned by one or more of the ultimate shareholders of Subafilms Limited.

3.	Employees
	The Company had no employees during the current and preceding year.

4.	Fixed asset investments

		Finance loan
		£
	Cost
	At 1 January 2024	805,805
	At 31 December 2024	805,805
	Impairment
	At 1 January 2024	805,803
	At 31 December 2024	805,803
	Net book value
	At 31 December 2024	2
	At 31 December 2023	2

The parties agreed that, from 1 January 2013, no further interest shall accrue or be payable on the finance loan.

Page 3


SUBAFILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by affiliated undertakings	22,992	65,290
Prepayments and accrued income	87,693	69,434
	110,685	134,724

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	7,349	59,459
Other taxation and social security	2,827	17,727
Other creditors	150,000	200,000
Accruals and deferred income	179,461	208,068
	339,637	485,254

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

184 Ordinary shares of £0.5 each	92	92

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 18 September 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 4