Element Pictures UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04889359

Element Pictures UK Limited

Filleted Financial Statements

31 December 2024

Element Pictures UK Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	32,239	66,752
Investments	6	59	39
		--------	--------
		32,298	66,791

Current assets

Debtors	7	1,365,003	3,432,740
Cash at bank and in hand		200,488	1,008,496
		------------	------------
		1,565,491	4,441,236

Creditors: amounts falling due within one year	8	( 249,901)	( 3,199,218)
		------------	------------
Net current assets		1,315,590	1,242,018
		------------	------------
Total assets less current liabilities		1,347,888	1,308,809
		------------	------------
Net assets		1,347,888	1,308,809
		------------	------------

Capital and reserves

Called up share capital	9	2	2
Profit and loss account		1,347,886	1,308,807
		------------	------------
Shareholders funds		1,347,888	1,308,809
		------------	------------

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:

A Lowe

Director

Company registration number: 04889359

Element Pictures UK Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 22-25 Eastcastle Street, London, W1W 8DF, England.

2. Statement of compliance

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.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for production services provided, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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:

Short leasehold property	-	33% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).

5. Tangible assets

	Short leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	114,585	22,890	84,764	222,239
Additions	–	1,260	7,495	8,755
	---------	--------	--------	---------
At 31 December 2024	114,585	24,150	92,259	230,994
	---------	--------	--------	---------
Depreciation
At 1 January 2024	100,852	17,061	37,574	155,487
Charge for the year	13,733	5,090	24,445	43,268
	---------	--------	--------	---------
At 31 December 2024	114,585	22,151	62,019	198,755
	---------	--------	--------	---------
Carrying amount
At 31 December 2024	–	1,999	30,240	32,239
	---------	--------	--------	---------
At 31 December 2023	13,733	5,829	47,190	66,752
	---------	--------	--------	---------

6. Investments

	Shares in group undertakings	Shares in participating interests	Total
	£	£	£
Cost
At 1 January 2024	9	51	60
Additions	1	–	1
Disposals	( 2)	–	( 2)
	----	----	----
At 31 December 2024	8	51	59
	----	----	----
Impairment
At 1 January 2024 and 31 December 2024	–	–	–
	----	----	----

Carrying amount
At 31 December 2024	8	51	59
	----	----	----
At 31 December 2023	9	51	60
	----	----	----

7. Debtors

	2024	2023
	£	£
Trade debtors	13,345	1,773
Amounts owed by group undertakings	1,232,835	3,101,248
Prepayments and accrued income	55,027	55,026
VAT recoverable	727	–
Other debtors	63,069	274,693
	------------	------------
	1,365,003	3,432,740
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	10,440	148,761
Amounts owed to group undertakings	114,716	182,104
Accruals and deferred income	95,333	1,074,723
Social security and other taxes	29,412	31,130
Production loan	–	1,762,500
	---------	------------
	249,901	3,199,218
	---------	------------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

There are no restrictions on the distribution of dividends and repayment of capital.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	82,436	63,314
Later than 1 year and not later than 5 years	227,633	46,502
	---------	---------
	310,069	109,816
	---------	---------

11. Summary audit opinion

The auditor's report dated 30 September 2025 was unqualified .

The senior statutory auditor was Gurvir Cheema , for and on behalf of Moore Kingston Smith LLP .

12. Related party transactions

All transactions arose on an arm's-length basis through the normal course of business. The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

13. Controlling party

In the opinion of the directors the immediate parent undertaking is Element Pictures UK Holdings Limited, a company incorporated in England and Wales. The smallest group to consolidate these financial statements is RTL Group S.A., a Company registered in Luxembourg. Copies of the RTL Group S.A. Annual Report can be obtained from the General Counsel at RTL Group S.A., 43 Boulevard Pierre Frieden, L-1543 Luxembourg. The ultimate parent undertaking and controlling party is Bertelsmann SE & Co.KGaA, a Company registered in Germany, which is the largest group to consolidate these accounts. Copies of the Bertelsmann SE & Co.KGaA accounts can be obtained from the General Counsel at Bertelsmann SE & Co.KGaA, Carl Bertelsmann Straße 270, 33311 Gütersloh, Germany.