South of the River Pictures Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11876797

South of the River Pictures Limited

Filleted Unaudited Accounts

31 December 2024

South of the River Pictures Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	3,315	1,213
Investments	6	100	–
		-------	-------
		3,415	1,213

Current assets

Stocks		–	5,000
Debtors	7	99,922	10,088
Cash at bank and in hand		169,976	16,497
		---------	--------
		269,898	31,585

Creditors: amounts falling due within one year	8	280,768		128,107
		---------		---------
Net current liabilities			10,870	96,522
			--------	--------
Total assets less current liabilities			( 7,455)	( 95,309)
			-------	--------

Capital and reserves

Called up share capital	107	107
Share premium account	1,249,973	1,249,973
Profit and loss account	( 1,257,535)	( 1,345,389)
	------------	------------
Shareholders deficit	( 7,455)	( 95,309)
	------------	------------

These accounts 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.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

South of the River Pictures Limited

Statement of Financial Position (continued)

31 December 2024

These accounts were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

T Carver

Director

Company registration number: 11876797

South of the River Pictures Limited

Notes to the Accounts

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 80 Charlotte Street, London, London, W1T 4DF.

2. Statement of compliance

These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

At the year end the company had net liabilities of £7,455 (2023: £95,309). The shareholders of the company have agreed to meet the liabilities and obligations as they fall due for a minimum of 12 months from the date of the Statement of Financial Position.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Computer equipment	-	33% straight line
Office furniture	-	33% straight line
Office 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.

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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 7 (2023: 4 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	5,244	2,039	1,328	8,611
Additions	3,497	–	–	3,497
	-------	-------	-------	--------
At 31 December 2024	8,741	2,039	1,328	12,108
	-------	-------	-------	--------
Depreciation
At 1 January 2024	4,444	1,761	1,193	7,398
Charge for the year	1,193	146	56	1,395
	-------	-------	-------	--------
At 31 December 2024	5,637	1,907	1,249	8,793
	-------	-------	-------	--------
Carrying amount
At 31 December 2024	3,104	132	79	3,315
	-------	-------	-------	--------
At 31 December 2023	800	278	135	1,213
	-------	-------	-------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	–
Additions	100
	----
At 31 December 2024	100
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	100
	----
At 31 December 2023	–
	----

7. Debtors

	2024	2023
	£	£
Trade debtors	94,233	–
Other debtors	5,689	10,088
	--------	--------
	99,922	10,088
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	3,506	11,582
Social security and other taxes	44,625	9,990
Loan	215,211	100,614
Other creditors	17,426	5,921
	---------	---------
	280,768	128,107
	---------	---------

9. Contingencies

A charge has been made against the company in favour of the following parties: Sister Group Limited

10. Directors' advances, credits and guarantees

At the year end the company owed the directors £20 (2023: £80 owed to the company)

11. Related party transactions

At the end of the financial year, the company was owed £1,206 (2023: £1,206) by its wholly owned subsidiary South of the River Pictures (Step 9) Limited . T Carver and E Sinclair, directors of the company, are both also directors of South of the River Pictures (Step 9) Limited.