ACCOUNTS - Final Accounts preparation

Period ended

31 December

Period ended

30 June

Registered number: 14242693

LADYWELL FILMS LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

LADYWELL FILMS LTD

REGISTERED NUMBER: 14242693

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	31 December	30 June
	2024	2023
Note	£	£

Fixed assets
Intangible assets	4		2,740		-
Tangible assets	5		18,319		-
Investments	6		1		-
			21,060		-
Current assets
Debtors: amounts falling due within one year	7	357,279		100
Cash at bank and in hand	8	849,695		-
		1,206,974		100
Creditors: amounts falling due within one year	9	(88,043)		-
Net current assets			1,118,931		100

Net assets			1,139,991		100

Capital and reserves
Called up share capital	10	133	100
Share premium account		1,999,967	-
Profit and loss account		(860,109)	-
		1,139,991	100

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LADYWELL FILMS LTD

REGISTERED NUMBER: 14242693

STATEMENT OF FINANCIAL POSITION (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 period 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 statement of income and retained earnings 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 on 30 September 2025.

F Morris	B Higgins
Director	Director

The notes on pages 3 to 9 form part of these financial statements.

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Ladywell Films Ltd is a private company limited by shares and registered in England & Wales. The address of its principal place of business is 124 Finchley Road, London, England, NW3 5JS.

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 have been prepared for an 18 month period from 1 July 2023 to 31 December 2024, whereas the comparatives are for the period 19 July 2022 to 30 June 2023.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.6

Tangible fixed assets

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

3 years

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.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Wages and salaries	715,218	-
Social security costs	54,866	-
Cost of defined contribution scheme	3,659	-
	773,743	-

The average monthly number of employees, including directors, during the period was 7 (2023 - 2).

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Intangible assets

		Computer software
		£
	Cost
	Additions	2,740
	At 31 December 2024	2,740

	Net book value
	At 31 December 2024	2,740
	At 30 June 2023	-

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	20,255
	At 31 December 2024	20,255
	Depreciation
	Charge for the period	1,936
	At 31 December 2024	1,936
	Net book value
	At 31 December 2024	18,319
	At 30 June 2023	-

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	1
	At 31 December 2024	1

Debtors

					31 December	30 June
					2024	2023
					£	£


Trade debtors	312,682	-
Other debtors	33,657	-
Called up share capital not paid	-	100
Prepayments and accrued income	10,940	-
	357,279	100

Cash at bank and in hand	849,695	-
	849,695	-

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Trade creditors	12,858	-
Other taxation and social security	70,428	-
Other creditors	257	-
Accruals and deferred income	4,500	-
	88,043	-

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LADYWELL FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Allotted, called up and fully paid

10,000 (2023 - 10,000) B Ordinary shares of £0.01 each	100	100
3,334 (2023 - Nil) A Ordinary shares of £0.01 each	33	-

	133	100

On 16 May 2024, 3,334 A Ordinary shares were issued with an aggregate nominal value of £33.34 for a cash consideration.

11.	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 £3,659 (2023 - £nil) . Contributions totalling £257 (2023 - £nil) were payable to the fund at the reporting date and are included in creditors.

12.	Related party transactions
	As at the reporting date, B Higgins, the director, owed £5,353 (2023: £nil) to the company. This loan was repaid within 9 months after the year end. As at the reporting date, F Morris, the director, owed £3,856 (2023: £nil) to the company. This loan was repaid within 9 months after the year end.

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