COMPANY REGISTRATION NUMBER:
07676259
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Motion Picture Capital Limited |
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Filleted Financial Statements |
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Motion Picture Capital Limited |
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Statement of Financial Position |
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31 December 2024
Fixed assets
Current assets
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Debtors |
5 |
18,054 |
|
27,489 |
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Cash at bank and in hand |
39,437 |
|
117,801 |
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-------- |
|
--------- |
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57,491 |
|
145,290 |
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|
|
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Creditors: amounts falling due within one year |
6 |
75,696 |
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85,408 |
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-------- |
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--------- |
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Net current (liabilities)/assets |
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(
18,205) |
59,882 |
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|
-------- |
-------- |
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Total assets less current liabilities |
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(
18,205) |
60,595 |
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-------- |
-------- |
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Net (liabilities)/assets |
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(
18,205) |
60,595 |
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-------- |
-------- |
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Capital and reserves
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Called up share capital |
|
102 |
102 |
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Share premium account |
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1,099,933 |
1,099,933 |
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Profit and loss account |
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(
1,118,240) |
(
1,039,440) |
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------------ |
------------ |
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Shareholders (deficit)/funds |
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(
18,205) |
60,595 |
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------------ |
------------ |
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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 statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2025
, and are signed on behalf of the board by:
Company registration number:
07676259
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Motion Picture Capital Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, HA3 0AN.
2.
Statutory information
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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Company reports net liabilities of £18,205 at the balance sheet date. The directors have agreed to only repay the related party loans as far as the Company can service its other debts as they fall due, and as a result, have prepared the financial statements on a going concern basis.
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
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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:
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Fixtures, fittings and equipment |
- |
50% per annum
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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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. Trade and other debtors are recognised and carried at invoiced amounts less provisions for any doubtful debts, if any. Bad debts, if any, are written off when identified. Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise cash at bank and in hand and short term deposits with an original maturity of three months or less. All loans and borrowings are recognised initially at cost, which is the fair value of the consideration received, net of issue costs associated with the borrowing.
4.
Tangible assets
|
Fixtures and fittings |
Total |
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£ |
£ |
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Cost |
|
|
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At 1 January 2024 and 31 December 2024 |
2,535 |
2,535 |
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------- |
------- |
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Depreciation |
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At 1 January 2024 |
1,822 |
1,822 |
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Charge for the year |
713 |
713 |
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------- |
------- |
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At 31 December 2024 |
2,535 |
2,535 |
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------- |
------- |
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Carrying amount |
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At 31 December 2024 |
– |
– |
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------- |
------- |
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At 31 December 2023 |
713 |
713 |
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------- |
------- |
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5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
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Prepayments and accrued income |
14,686 |
22,576 |
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Other debtors |
3,368 |
4,913 |
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-------- |
-------- |
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18,054 |
27,489 |
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-------- |
-------- |
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6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
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£ |
£ |
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Trade creditors |
36,491 |
10,150 |
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Accruals and deferred income |
8,500 |
9,000 |
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Other creditors |
30,705 |
66,258 |
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-------- |
-------- |
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75,696 |
85,408 |
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-------- |
-------- |
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7.
Summary audit opinion
The auditor's report dated
30 September 2025
was
unqualified
.
The senior statutory auditor was
Chirag Malde FCCA
, for and on behalf of
Malde & Co
.
8.
Related party transactions
Included in other creditors are loans from related parties of £30,705 (2023: £64,829). The loans are interest free and repayable on demand. The companies are related by virtue of having a common director.
9.
Controlling party
The immediate parent company is
Reliance Big Entertainment (US) Inc
. which owns 81% of the voting shares in the Company and the ultimate parent company is Reliance Innoventures Private Limited. The ultimate controlling party is Shri Anil D Ambani
by virtue of his interests in Reliance Innoventures Private Limited...