REGISTERED NUMBER: 00954063 (England and Wales)

Transatlantic Film Production &

Distribution Company Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

JT Albert

CC Albert

REGISTERED OFFICE:

Cabalva House

Whitney-on-Wye

Herefordshire

HR3 6EX

REGISTERED NUMBER:

00954063 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Transatlantic Film Production & Distribution Company Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Transatlantic Film Production & Distribution Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Transatlantic Film Production & Distribution Company Limited and state those matters that we have agreed to state to the Board of Directors of Transatlantic Film Production & Distribution Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transatlantic Film Production & Distribution Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Transatlantic Film Production & Distribution Company 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 profit of Transatlantic Film Production & Distribution Company Limited. You consider that Transatlantic Film Production & Distribution Company 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 Transatlantic Film Production & Distribution Company 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.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

22 September 2025

FIXED ASSETS

Intangible assets

4

5,000

6,000

Tangible assets

5

423

682

5,423

6,682

CURRENT ASSETS

Stocks

6

155,243

152,470

Debtors

7

1,969

4,605

Cash at bank

3,519

40,756

160,731

197,831

CREDITORS

Amounts falling due within one year

8

34,133

8,620

NET CURRENT ASSETS

126,598

189,211

TOTAL ASSETS LESS CURRENT LIABILITIES

132,021

195,893

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital

25,000

39,900

Share premium

10

125,100

195,100

Capital redemption reserve

10

39,900

25,000

Retained earnings

10

(57,979

)

(64,107

)

132,021

195,893

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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

JT Albert - Director

1.	STATUTORY INFORMATION

Transatlantic Film Production & Distribution Company 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 statements 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 directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed financial facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

Turnover

Turnover represents film archive sales, stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

The following criteria must be met before revenue is recognised:

Film archive sales are recognised when the consumer has access to download the digital film.

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.

Rights to produce a film are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

The cost of the leasehold improvements has been fully depreciated in previous years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

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.

3.

EMPLOYEES

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

4.	INTANGIBLE FIXED ASSETS

Rights to

produce a

film

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

4,000

Amortisation for year

1,000

At 31 December 2024

5,000

NET BOOK VALUE

At 31 December 2024

5,000

At 31 December 2023

6,000

5.	TANGIBLE FIXED ASSETS

Leasehold

Computer

improvements

equipment

Totals

£

£

£

COST

At 1 January 2024

40,588

4,997

45,585

Disposals

-

(665

)

(665

)

At 31 December 2024

40,588

4,332

44,920

DEPRECIATION

At 1 January 2024

40,588

4,315

44,903

Charge for year

-

141

141

Eliminated on disposal

-

(547

)

(547

)

At 31 December 2024

40,588

3,909

44,497

NET BOOK VALUE

At 31 December 2024

-

423

423

At 31 December 2023

-

682

682

6.

STOCKS

2024

2023

£

£

Finished goods

155,243

152,470

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

1,044

VAT

80

-

Deferred tax asset

1,889

3,561

1,969

4,605

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

627

574

VAT

-

75

Directors' loan accounts

30,992

6,162

Accruals and deferred income

2,514

1,809

34,133

8,620

9.	DEFERRED TAX

£

Balance at 1 January 2024

(3,561

)

Losses

1,721

Accelerated Capital Allowances

(49

)

Balance at 31 December 2024

(1,889

)

10.

RESERVES

During the year the company repurchased 14,900 shares for £70,000 which resulted in a reduction of share premium.

11.	RELATED PARTY DISCLOSURES

The company rents premises owned by the spouse of one of the directors at an annual rent of £500 (2023 £500) The company utilises premises for storage, rent free, that are owned by a family trust connected to the directors. The directors' loan accounts are interest free and repayable on demand.