Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11638220 Mr Joseph Murray Cornish Mr Rachael Prior Foley Mr Edgar Wright Ms Nira Louise Park iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11638220 2023-12-31 11638220 2024-12-31 11638220 2024-01-01 2024-12-31 11638220 frs-core:CurrentFinancialInstruments 2024-12-31 11638220 frs-core:FurnitureFittings 2024-12-31 11638220 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11638220 frs-core:FurnitureFittings 2023-12-31 11638220 frs-core:ShareCapital 2024-12-31 11638220 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11638220 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11638220 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11638220 frs-bus:SmallEntities 2024-01-01 2024-12-31 11638220 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11638220 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11638220 frs-bus:Director1 2024-01-01 2024-12-31 11638220 frs-bus:Director2 2024-01-01 2024-12-31 11638220 frs-bus:Director3 2024-01-01 2024-12-31 11638220 frs-bus:Director4 2024-01-01 2024-12-31 11638220 frs-countries:EnglandWales 2024-01-01 2024-12-31 11638220 2022-12-31 11638220 2023-12-31 11638220 2023-01-01 2023-12-31 11638220 frs-core:CurrentFinancialInstruments 2023-12-31 11638220 frs-core:ShareCapital 2023-12-31 11638220 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11638220
Complete Fiction Pictures Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Complete Fiction Pictures Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Complete Fiction Pictures Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 11638220
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,791 2,258
4,791 2,258
CURRENT ASSETS
Debtors 5 288,247 104,927
Cash at bank and in hand 3,677,628 3,072,687
3,965,875 3,177,614
Creditors: Amounts Falling Due Within One Year 6 (1,289,611 ) (1,061,178 )
NET CURRENT ASSETS (LIABILITIES) 2,676,264 2,116,436
TOTAL ASSETS LESS CURRENT LIABILITIES 2,681,055 2,118,694
NET ASSETS 2,681,055 2,118,694
CAPITAL AND RESERVES
Called up share capital 7 160 160
Profit and Loss Account 2,680,895 2,118,534
SHAREHOLDERS' FUNDS 2,681,055 2,118,694
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Nira Louise Park
Director
29 September 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Complete Fiction Pictures Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
The company is a private company limited by share capital, incorporated in England & Wales. The address of the registered office is 130 Shaftesbury Avenue, 2nd Floor, London, W1D 5EU.
The principal activity of the company is the provision of services to the film and television industry.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company made a profit for the year of £760,020 had net assets of £2,681,055 and cash at bank of £3,677,628. Based on the above, the directors' have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing these financial statements.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of VAT.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model, are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Fixtures & Fittings 25%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
2.5. Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2.6. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.7. Foreign Currencies
Transactions in foreign currency are recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currency are retranslated into the prevailing rate on the reporting period date.
2.8. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are
not discounted.
Page 2
Page 3
Complete Fiction Pictures Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.9. Pensions
The company operates a defined contribution pension schemes for its employees, whereby both employer's and employees' contributions are invested for the benefit of the employees. The company has no legal or constructive obligation to pay further contributions relating to employee service in the current period.
2.10. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.11. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.12. Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or
loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 17,546
Additions 4,130
As at 31 December 2024 21,676
Depreciation
As at 1 January 2024 15,288
Provided during the period 1,597
As at 31 December 2024 16,885
Net Book Value
As at 31 December 2024 4,791
As at 1 January 2024 2,258
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,867 100,293
Prepayments and accrued income 159,980 2,322
Security Deposit 400 -
VAT - 1,127
Net wages - 1,180
Directors' loan accounts - 5
288,247 104,927
Page 3
Page 4
Complete Fiction Pictures Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,467 783,047
Bank loans and overdrafts - 2,180
Other creditors 1,006,375 7,553
Taxation and social security 279,769 268,398
1,289,611 1,061,178
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 160 160
8. Post Balance Sheet Events
There are no post balance sheet events.
9. Related Party Transactions
During the year the company paid fees of £69,061 (2023 - £237,500) to Tiny Whisper Productions Ltd a company controlled by Nira Park.
There was no indebtedness to the company at the year end (2023 - £ni)
10. Transactions with directors
During the year the company paid fees of £109,129 (2023-£0) to Edgar Wright and £69,728 (2023 - £0) to Simon Pegg.
There was no indebtedness to these directors at the year end (2023 - £ni)
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