Interflix Entertainment 1 Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14114456

		30 September 2024		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,211		4,282

			3,211		4,282
CURRENT ASSETS
Debtors	5	49,272		47,289
Cash at bank and in hand		6,534		9,518

		55,806		56,807
Creditors: Amounts Falling Due Within One Year	6	(411,968 )		(341,267 )

NET CURRENT ASSETS (LIABILITIES)			(356,162 )		(284,460 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(352,951 )		(280,178 )

Creditors: Amounts Falling Due After More Than One Year	7		(130,000 )		(130,000 )

NET LIABILITIES			(482,951 )		(410,178 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(482,952 )		(410,179 )

SHAREHOLDERS' FUNDS			(482,951)		(410,178)

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Interflix Entertainment 1 Ltd

Balance Sheet (continued)

As At 30 September 2024

For the period ending 30 September 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

G C Chadwick

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Interflix Entertainment 1 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14114456 . The registered office is 45 City Road, Chester, Cheshire, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

The accounting period has been shortened to 30 September 2024, being an 11 month period, therefore amounts stated are not entirely comparable.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. As the directors will continue to make funds available to the company in future, they believe that the going concern basis is appropriate for these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover in relation to the film production will be recognised once the film has been released and revenue has been generated.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% on net book value

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Financial Instruments

Financial instruments are initially measured at the transaction price less transaction costs, with subsequent measurement at the end of the reporting period being at amortised cost using the effective interest rate method.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2023: 2)

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Interflix Entertainment 1 Ltd

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 30 September 2024

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 November 2023	7,612

As at 30 September 2024	7,612

Depreciation
As at 1 November 2023	3,330
Provided during the period	1,071

As at 30 September 2024	4,401

Net Book Value
As at 30 September 2024	3,211

As at 1 November 2023	4,282

5. Debtors

	30 September 2024	31 October 2023
	£	£
Due within one year
Other debtors	49,272	47,289

6. Creditors: Amounts Falling Due Within One Year

	30 September 2024	31 October 2023
	£	£
Trade creditors	51,027	-
Amounts owed to participating interests	110,248	94,077
Other creditors	250,693	247,190

	411,968	341,267

7. Creditors: Amounts Falling Due After More Than One Year

	30 September 2024	31 October 2023
	£	£
Other creditors	130,000	130,000

8. Secured Creditors

Of the creditors falling due within one year, the following amounts are secured. A floating charge is in place against all present and future receivables, claims with HM Revenue & Customs and company bank accounts in relation to a lending facility with Triple Dragon Funding Beta Limited. The director, G Chadwick, has also signed a limited conditional indemnity agreement regarding the lending facility arrangement.

	30 September 2024		31 October 2023
	£		£
Other Creditors	155,000		155,000

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Interflix Entertainment 1 Ltd

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 30 September 2024

9. Share Capital

	30 September 2024	31 October 2023
	£	£
Allotted, Called up and fully paid	1	1

10. Related Party Transactions

H Chadwick

Director

An interest free loan has been made available to the company of £1,888 (2023 - £1,576), which is repayable on demand.

G Chadwick

Director

An interest free loan has been made available to the company of £1,336 (2023 - £1,024), which is repayable on demand.

Interflix Media Ltd

Parent company

An interest free, unsecured loan has been provided, the balance outstanding at the period end being £110,248 (2023 - £94,077).

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Interflix Media Ltd . Interflix Media Ltd was incorporated in England & Wales. The ultimate controlling party is Interflix Media Ltd who controls 100% of the shares of Interflix Entertainment 1 Ltd .

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