COMPANY REGISTRATION NUMBER:
09633563
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
30 June 2025
Fixed assets
Current assets
|
Debtors |
6 |
22,199 |
361 |
|
Cash at bank and in hand |
4,472 |
35,493 |
|
-------- |
-------- |
|
26,671 |
35,854 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
14,818 |
32,658 |
|
-------- |
-------- |
|
Net current assets |
11,853 |
3,196 |
|
-------- |
------- |
|
Total assets less current liabilities |
11,904 |
3,247 |
|
-------- |
------- |
|
Net assets |
11,904 |
3,247 |
|
-------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
400 |
400 |
|
Profit and loss account |
11,504 |
2,847 |
|
-------- |
------- |
|
Shareholders funds |
11,904 |
3,247 |
|
-------- |
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
30 June 2025
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2025
, and are signed on behalf of the board by:
Company registration number:
09633563
|
Notes to the Financial Statements |
|
Year ended 30 June 2025
1.
General information
The company is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 99 Kenton Road, Kenton, Harrow, Middlesex, HA3 0AN and its principal place of business is at 28 Honiton Road, London, NW6 6QD. The company's registered number is
09633563
.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from estimates. The director do not believe there are any key sources of estimation, uncertainty or critical judgements.
Revenue recognition
The company provides services as a producer or an executive producer to feature films and the turnover is recognised net of Value Added Tax when the fees are due.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments in subsidiary
Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses. Investments in subsidiaries accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the subsidiary arising before or after the date of acquisition.
Investments in joint ventures
Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2024:
1
).
5.
Investments
|
Shares in group undertakings |
Shares in participating interests |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 July 2024 and 30 June 2025 |
670,996 |
50 |
671,046 |
|
--------- |
---- |
--------- |
|
Impairment |
|
|
|
|
At 1 July 2024 and 30 June 2025 |
670,995 |
– |
670,995 |
|
--------- |
---- |
--------- |
|
|
|
|
|
Carrying amount |
|
|
|
|
At 30 June 2025 |
1 |
50 |
51 |
|
--------- |
---- |
--------- |
|
At 30 June 2024 |
1 |
50 |
51 |
|
--------- |
---- |
--------- |
|
|
|
|
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
The subsidiaries and other investment are all incorporated in England and Wales and having the same registered office address as the parent company, except for Stargrove Pictures Limited, whose registered office address is 31, The Avenue, London, NW6 7NR.
Subsidiaries, associates and other investments
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
|
|
|
Stargrove Pictures Limited |
Ordinary |
100 |
|
Salusbury Animation Limited |
Ordinary |
100 |
|
|
|
|
Other significant holdings |
|
|
|
Riverstone Pictures Limited |
Ordinary |
50 |
|
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
361 |
361 |
|
Other debtors |
21,838 |
– |
|
-------- |
---- |
|
22,199 |
361 |
|
-------- |
---- |
|
|
|
The amounts owed by group undertakings are unsecured, interest free and repayable on demand.
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
– |
2,399 |
|
Corporation tax |
2,031 |
28,259 |
|
Other creditors |
12,787 |
2,000 |
|
-------- |
-------- |
|
14,818 |
32,658 |
|
-------- |
-------- |
|
|
|
8.
Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 from disclosing details of transactions with other wholly owned group companies.
9.
Controlling party
The company was considered to be under the control of
Mr N Bower
in the current and previous year.