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Registered number: 14996077
LUMINA STUDIOS GROUP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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LUMINA STUDIOS GROUP LIMITED
REGISTERED NUMBER:14996077
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BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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LUMINA STUDIOS GROUP LIMITED
REGISTERED NUMBER:14996077
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BALANCE SHEET (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 year 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 profit and loss account 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 by:
The notes on pages 3 to 7 form part of these financial statements.
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LUMINA STUDIOS GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Lumina Studios Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14996077. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of a holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006
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Exemption from preparing consolidated financial statements
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The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
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Foreign currency translation
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Functional and presentation currency
The company's functional and presentational currency is pound sterling.
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.
Foreign exchange gains and losses that relate to borrowings are presented in the statement of comprehensive income within 'administrative expenses'. All other foreign exchange gains and
losses are presented in profit and loss account.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from management services is recognised when it is probable the company will receive the right to the consideration due under the contract.
Recharged income is recognised when the corresponding expenses have been incurred on behalf of other entities.
Interest income is recognised in profit or loss using the effective interest method.
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LUMINA STUDIOS GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Investments in subsidiaries, associates and joint ventures are measured at cost less accumulated impairment.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Short-term debtors are measured at transaction price, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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.
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors, and loans with related parties.
The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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Investments in subsidiary companies
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Investments in associates
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Other fixed asset investments
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Investment in joint ventures
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Foreign exchange movement
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LUMINA STUDIOS GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Foreign exchange movement
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The following were subsidiary undertakings of the company:
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Elsley Court, 20-22 Great, Titchfield Street, London, W1W 8BE
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Magna 1Plus1 Productions Limited
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Elsley Court, 20-22 Great, Titchfield Street, London, W1W 8BE
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Lumina Media Capital Limited
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Elsley Court, 20-22 Great, Titchfield Street, London, W1W 8BE
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Lumina Media Ventures Limited
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Elsley Court, 20-22 Great, Titchfield Street, London, W1W 8BE
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Lumina Media Group Limited
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Elsley Court, 20-22 Great, Titchfield Street, London, W1W 8BE
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The following were associates of the company:
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3 Rue de Tehran, 75008 Paris
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31 Oval Road, London, England, NW1 7EA
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2/4 Ash Lane, Rustington, Littlehampton, BN16 3BZ
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400 Continental Blvd EL Segundo California 90245
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LUMINA STUDIOS GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The following was a joint venture of the company:
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Lumina Punch Productions Limited
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Elsley Court, 20-22 Great, Titchfield Street, London, W1W 8BE
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Amounts owed by group undertakings
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Amounts owed by joint ventures and associated undertakings
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Called up share capital not paid
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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LUMINA STUDIOS GROUP LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Allotted, called up and fully paid
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124,351 (2023 -124,400) ordinary A shares of £0.0001 each
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6,119 (2023 -1,200) ordinary B shares of £0.0001 each
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48,416 (2023 - 0) preference shares of £0.0001 each
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25,000 (2023 - 0) deferred shares of £0.0001 each
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On 17 January 2024, the company issued 4,870 ordinary class B shares of £0.0001 each at par.
On 27 March 2024, the company issued 25,000 class B shares of £0.0001 each at par. On 30 May 2024, the company redesignated these shares into deferred shares.
On 28 May 2024, the company issued 4,598 preference shares of £0.0001 at £269.79 per share.
On 30 May 2024, the company issued 5,114 preference shares of £0.0001 at £269.91 per share.
On 07 June 2024, the company issued 28,992 preference shares £0.0001 at £269.91 per share.
On 16 July 2024, the company issued 9,712 preference shares of £0.0001 at £267.77 per share.
Share premium account
The share premium account is a non-distributable reserve which represents the excess of proceeds received over the nominal value of the shares issued.
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Transactions with directors
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As at the year end, the company owed to the director £48,594 (2023 - £509,247). The loan is unsecured, interest free and repayable on demand.
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Related party transactions
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No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.
During the year, the company loaned £309,761 (2023 - £NIL) to one of it's associated undertakings. The loan is interest free, unsecured and repayable on demand.
At the year end date, the company was owed £901,181 (2023 - £NIL) by joint ventures and associated undertakings.
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