ACCOUNTS - Final Accounts preparation

Registered number: 14937864

NATURE OF THE BEAST FILMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

NATURE OF THE BEAST FILMS LIMITED

REGISTERED NUMBER: 14937864

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2023

		2023
Note		£


Current assets
Stocks		346,347
Debtors: amounts falling due within one year	6	13,222
Cash at bank and in hand		6,481
		366,050
Creditors: amounts falling due within one year	7	(369,061)
Net current liabilities			(3,011)
Total assets less current liabilities			(3,011)

Net liabilities			(3,011)

Capital and reserves
Called up share capital			1
Profit and loss account			(3,012)
			(3,011)

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 2 October 2025.

D A Freeman

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

NATURE OF THE BEAST FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

1.	General information

Nature Of The Beast Films Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is 30 Welbeck Street, London, W1G 8ER.
The company was incorporated on 15 June 2023 and began trading on this date.

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 following principal accounting policies have been applied:

2.2

Going concern

The company is showing net liabilities, at the reporting date. In order to continue trading it is dependent on the continued financial support of its directors who have confirmed their intention to continue to support the company for the foreseeable future.
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result in the withdrawal of the aforementioned support.

2.3

Functional and presentation currency

The Company's functional and presentational currency is GBP.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Stocks - Production costs

Stocks comprises costs incurred in respect of film projects in the course of production. Provision is made where the anticipated revenue is less than anticipated total costs of production.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 2

NATURE OF THE BEAST FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

2.6

Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the period end based on invoices received after the reporting date and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3

NATURE OF THE BEAST FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

5.	Stocks
		2023
		£

	Production costs carried forward	346,347

Debtors

					2023
					£


	Amounts owed by group undertakings	8,303
	Other debtors	4,919
		13,222

Amounts owed by group undertakings are interest free and repayable on demand.

7.	Creditors: Amounts falling due within one year
		2023
		£

	Trade creditors	183,647
	Other taxation and social security	3,200
	Other creditors	14,340
	Accruals and deferred income	167,874
		369,061

8.	Share capital
		2023
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

On incorporation, the company issued 1, Ordinary shares of £1 for cash at par.

Page 4

NATURE OF THE BEAST FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

9.	Related party transactions
	The company is a wholly owned subsidiary and accordingly has taken advantage of the exemptions provided by Financial Reporting Standard 102 not to disclose transactions with the other group entities. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.

Page 5