REGISTERED NUMBER: 07875661 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hood Film Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

T Hood

REGISTERED OFFICE:

M.01 Tomorrow, Blue

Mediacityuk

Salford

United Kingdom

M50 2AB

REGISTERED NUMBER:

07875661 (England and Wales)

ACCOUNTANTS:

Summit Accountants Limited

M.01 Tomorrow

MediaCityUK

Salford

Greater Manchester

M50 2AB

FIXED ASSETS

Intangible assets

4

486

2,486

Tangible assets

5

6,314

6,133

Investments

6

35,000

35,000

41,800

43,619

CURRENT ASSETS

Debtors

7

43,633

32,131

Cash at bank

10,192

8,014

53,825

40,145

CREDITORS

Amounts falling due within one year

8

41,905

53,198

NET CURRENT ASSETS/(LIABILITIES)

11,920

(13,053

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,720

30,566

CREDITORS

Amounts falling due after more than one year

9

(20,967

)

(25,519

)

PROVISIONS FOR LIABILITIES

(1,579

)

(1,533

)

NET ASSETS

31,174

3,514

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

31,173

3,513

31,174

3,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

T Hood - Director

1.	STATUTORY INFORMATION

Hood Film Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statement have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

40,000

AMORTISATION

At 1 January 2024

37,514

Charge for year

2,000

At 31 December 2024

39,514

NET BOOK VALUE

At 31 December 2024

486

At 31 December 2023

2,486

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

17,037

Additions

2,286

At 31 December 2024

19,323

DEPRECIATION

At 1 January 2024

10,904

Charge for year

2,105

At 31 December 2024

13,009

NET BOOK VALUE

At 31 December 2024

6,314

At 31 December 2023

6,133

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

35,000

NET BOOK VALUE

At 31 December 2024

35,000

At 31 December 2023

35,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

43,633

32,131

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

4,348

4,035

Trade creditors

173

65

Taxation and social security

36,358

49,015

Other creditors

1,026

83

41,905

53,198

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

20,967

25,519

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,451

3,786

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As of 31 December 2024 the company owed the director £25.

no formal repayment terms have been agreed.