REGISTERED NUMBER: 11441269 (England and Wales)

Financial Statements for the Year Ended 30 December 2024

for

Real Vision Productions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R G Pal

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

11441269 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

CURRENT ASSETS

Debtors

4

110,327

22,228

Investments

5

-

7,914

Cash at bank

307

14,966

110,634

45,108

CREDITORS

Amounts falling due within one year

6

(1,102,170

)

(1,040,037

)

NET CURRENT LIABILITIES

(991,536

)

(994,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(991,536

)

(994,929

)

CAPITAL AND RESERVES

Called up share capital

100

100

Capital contribution

1,361,588

1,361,588

Retained earnings

(2,353,224

)

(2,356,617

)

(991,536

)

(994,929

)

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 director and authorised for issue on 25 September 2025 and were signed by:

R G Pal - Director

1.	STATUTORY INFORMATION

Real Vision Productions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

With the reduction in trade, the director intends to liquidate the company. As a result the company is no longer considered to be a going concern. Accordingly the financial statements have been prepared on a basis other than that of the going concern basis. The fixed assets have been reclassified to current assets. Provision in respect of contracts which have become onerous at the reporting date has been considered, but no such provision is require. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Turnover

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

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.

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

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

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.

Share based payments

Real Vision Group SEZC, the parent company, has granted share awards to directors and employees of this company. In accordance with the group plan, the awards given to the directors and employees of Real Vision Productions Ltd have been recognised in the profit and loss account on a fair value method.

The fair value of the options is determined at the date of grant and charged to profit or loss over the vesting period. The credit entry is recorded in as a capital contribution within equity. The fair value is based upon the most recent round of financing by the parent company. The valuation of the shares have various uncertainties factored in such as discounts for lack of marketability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 7 ) .

4.

DEBTORS

30.12.24

30.12.23

£

£

Amounts falling due within one year:

Other debtors

110,327

5,149

Amounts falling due after more than one year:

Other debtors

-

17,079

Aggregate amounts

110,327

22,228

Other debtors includes prepayments and accrued income of £101,350 (2023 - £4,358).

5.	CURRENT ASSET INVESTMENTS

30.12.24

30.12.23

£

£

Assets held for sale

-

7,914

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade creditors

248

11,818

Amounts owed to group undertakings

1,091,422

996,951

Taxation and social security

-

4,065

Other creditors

10,500

27,203

1,102,170

1,040,037

Other creditors includes accruals and deferred income of £10,500 (2023 - £26,543).

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Torr FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

Emphasis of matter - basis of preparation

We draw attention to Note 2 to the financial statements which explains that the director intends to liquidate the company and therefore do not consider it be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

8.	OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies that are not included in the balance sheet is £nil (2023 - £21,101).

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Real Vision Group SEZC, its ultimate parent undertaking and controlling party, which is incorporated within the Cayman Islands.