REGISTERED NUMBER: 12242669 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

NECK OF THE WOODS FILMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C McDougall

Miss E Lieghio

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

12242669 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

54,447

35,690

CURRENT ASSETS

Debtors

5

4,077

33,080

Cash at bank

73,446

93,164

77,523

126,244

CREDITORS

Amounts falling due within one year

6

30,545

45,025

NET CURRENT ASSETS

46,978

81,219

TOTAL ASSETS LESS CURRENT LIABILITIES

101,425

116,909

CREDITORS

Amounts falling due after more than one year

7

(41,339

)

(25,640

)

PROVISIONS FOR LIABILITIES

(10,345

)

(6,781

)

NET ASSETS

49,741

84,488

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

49,739

84,486

49,741

84,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2025 and were signed on its behalf by:

C McDougall - Director

Miss E Lieghio - Director

1.	STATUTORY INFORMATION

Neck Of The Woods Films 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

88,681

Additions

43,467

At 31st March 2025

132,148

DEPRECIATION

At 1st April 2024

52,991

Charge for year

24,710

At 31st March 2025

77,701

NET BOOK VALUE

At 31st March 2025

54,447

At 31st March 2024

35,690

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

37,665

Additions

35,525

Transfer to ownership

(6,434

)

At 31st March 2025

66,756

DEPRECIATION

At 1st April 2024

14,638

Charge for year

14,407

Transfer to ownership

(4,825

)

At 31st March 2025

24,220

NET BOOK VALUE

At 31st March 2025

42,536

At 31st March 2024

23,027

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

720

33,080

Other debtors

3,357

-

4,077

33,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,667

1,667

Hire purchase contracts

13,423

9,240

Taxation and social security

7,531

26,016

Other creditors

7,924

8,102

30,545

45,025

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

7,223

8,889

Hire purchase contracts

34,116

16,751

41,339

25,640

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

556

2,222

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

C McDougall

Balance outstanding at start of year

3,002

3,002

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,002

3,002

Miss E Lieghio

Balance outstanding at start of year

3,002

3,002

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,002

3,002

9.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors, and equal shareholders, Mr C. McDougall and Miss E. Lieghio.