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Registered number: 14287779














EAGLET FILMS LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024
 
EAGLET FILMS LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6

 
EAGLET FILMS LTD
REGISTERED NUMBER:14287779

BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2
1

  
2
1

Current assets
  

Debtors: amounts falling due within one year
 5 
175,820
46,892

Cash at bank and in hand
 6 
4,122
371

  
179,942
47,263

Creditors: amounts falling due within one year
 7 
(180,840)
(86,828)

Net current liabilities
  
 
 
(898)
 
 
(39,565)

Total assets less current liabilities
  
(896)
(39,564)

  

Net liabilities
  
(896)
(39,564)


Capital and reserves
  

Called up share capital 
 8 
10
10

Profit and loss account
  
(906)
(39,574)

  
(896)
(39,564)


1
 
EAGLET FILMS LTD
REGISTERED NUMBER:14287779
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J J Thorp
Director

Date: 25 September 2025

The notes on pages 3 to 6 form part of these financial statements.

2
 
EAGLET FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Eaglet Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 14287779.
The registered address was 35 Soho square, London, United Kingdom, W1D 3QX. On 6 September 2024, the registered address changed to 14-16 Great Pulteney Street, London, W1F 9ND.
The Company's principal activities involve the production of various animation series and exploiting the rights of these series within the UK market and overseas.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pound sterling, which is the functional currency of the entity.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue production of various animation series and exploiting the rights of these series within the UK market and overseas is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3
 
EAGLET FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

 Creditors

Short-term creditors are measured at the transaction price.

 
2.12

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and other third parties and loans from and to related parties.


3.

Employees

The average monthly number of employees, including directors, during the year was 6 (2023 -7).

4
 
EAGLET FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
1


Additions
1



At 31 December 2024
2






Net book value



At 31 December 2024
2



At 31 December 2023
1


5.


Debtors

As restated
2024
2023
£
£


Trade debtors
30,987
-

Amounts owed by group undertakings
83,561
38,737

Other debtors
3,971
8,155

Accrued income
57,301
-

175,820
46,892



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,122
371


5
 
EAGLET FILMS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Other loans
-
20,099

Trade creditors
53,416
48,729

Amounts owed to group undertakings
73,963
18,000

Corporation tax
2,125
-

Other taxation and social security
47,296
-

Other creditors
540
-

Accruals
3,500
-

180,840
86,828



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £0.01 each
10
10



9.


Prior year adjustment

The directors have reassessed the Company's treatment of revenue and cost of sales and have identified that these have been recognised incorrectly in the prior year. The comparatives have been restated accordingly. As a result of this restatement, prior year revenue has reduced and amounts due to group undertakings brought forward increased by £18,000, prior year cost of sales has reduced and amounts due from group undertakings brought forward increased by £10,571. The restatement has had a net over impact of £7,429 to operating loss and retained earnings. 
During the year, the company identified that a £1 fixed asset investment made in the prior year was not recorded. The error has been corrected by recording the investment in the current year.


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,651 (2023 - £NIL). Contributions totalling £540 (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.

11.


Related party transactions

The Company has taken advantage of the exemptions available and has not disclosed transactions with companies in a wholly owned group.

 
6