REGISTERED NUMBER: OC434678 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Seacroft Films LLP

Page

General Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

D G Newett

J Green

REGISTERED OFFICE:

Thorp Arch Grange

Walton Road

Thorp Arch

Wetherby

West Yorkshire

LS23 7BA

REGISTERED NUMBER:

OC434678 (England and Wales)

ACCOUNTANTS:

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Members' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Seacroft Films LLP for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Seacroft Films LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seacroft Films LLP and state those matters that we have agreed to state to the members of Seacroft Films LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seacroft Films LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Seacroft Films LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Seacroft Films LLP. You consider that Seacroft Films LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seacroft Films LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ford Campbell Freedman Limited

Chartered accountants

2nd Floor

33 Park Place

Leeds

LS1 2RY

30 September 2025

FIXED ASSETS

Investments

4

200

200

CURRENT ASSETS

Debtors

5

3,601,343

3,115,028

CREDITORS

Amounts falling due within one year

6

850

451

NET CURRENT ASSETS

3,600,493

3,114,577

TOTAL ASSETS LESS CURRENT LIABILITIES

3,600,693

3,114,777

CREDITORS

Amounts falling due after more than one year

7

200

200

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,600,493

3,114,577

LOANS AND OTHER DEBTS DUE TO MEMBERS

3,607,662

3,119,051

MEMBERS' OTHER INTERESTS

Capital accounts

200

200

Other reserves

(7,369

)

(4,674

)

3,600,493

3,114,577

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

3,607,662

3,119,051

Members' other interests

(7,169

)

(4,474

)

3,600,493

3,114,577

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

D G Newett - Designated member

1.	STATUTORY INFORMATION

Seacroft Films LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis.

Going concern

The financial statements have been prepared on the going concern basis. The company continues to rely on the support of both its members and related parties. They have all maintained such support since the year end and the members expect this to continue.

Accordingly the members believe that it is appropriate to prepare the accounts on a going concern basis.

Investments in subsidiaries

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.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement.

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A members participation rights including amounts subscribed or otherwise contributed by members, for example members capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and where such an amount relates to current year profits, they shall be distributed to the members current account according to the Limited Liability Partnership deed. Undivided amounts, that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Once profits have been allocated in favour of members, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

200

NET BOOK VALUE

At 31 December 2024

200

At 31 December 2023

200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

3,601,343

3,115,028

Loans introduced by members are non-interest bearing.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

850

451

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

200

200

8.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings

2024

2023

£

£

Amount due from related party at the balance sheet date

3,601,343

3,115,028

9.	ULTIMATE CONTROLLING PARTY

The LLP is a joint venture vehicle owned and controlled by the designated members.