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COMPANY REGISTRATION NUMBER: 14818396

Gemma Television Limited

Filleted Unaudited Accounts

30 June 2025

Gemma Television Limited

Statement of Financial Position

30 June 2025

| 30 Jun 25 | 30 Apr 24
Note | £ | £

Current assets

Work in progress | – | 6,250
Debtors | 6 | 1,168,006 | 1,120,629
Cash at bank and in hand | 158,687 | 190,467
| ------------ | ------------
| 1,326,693 | 1,317,346

Creditors: amounts falling due within one year | 7 | ( 1,326,692) | ( 1,317,345)
| ------------ | ------------
Net current assets | 1 | 1
| ---- | ----
Total assets less current liabilities | 1 | 1
| ---- | ----
Net assets | 1 | 1
| ---- | ----

Capital and reserves

Called up share capital | 1 | 1
| ---- | ----
Shareholders funds | 1 | 1
| ---- | ----

These accounts 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 period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

J P Blyth
Director

Company registration number: 14818396

Gemma Television Limited

Notes to the Accounts

Period from 1 May 2024 to 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lime Tree House, 15 Lime Tree Walk, Sevenoaks, Kent, TN13 1YH, United Kingdom.
2. Statement of compliance
These accounts 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 accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Comparatives
The accounts cover the period from 1 May 2024 through to 30 June 2025, the comparatives cover the period from incorporation through to 30 April 2024.
The accounting period has been extended to ensure that the accounting period and tax credit claim is conterminous
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover relates to the production of the television series entitled "Daddy Issues" and "Daddy Issues - Series 2". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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.
Work in progress
Work-in-progress relates to direct production costs, net of tax credits, subsidies and grants, incurred on productions not delivered during the period. Production costs are recognised in the profit and loss accounts as soon as the programme is delivered and the related production revenue is recognised.
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. Intra-group borrowings are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4. Employees
The company has been incorporated to produce the high-end television series entitled "Daddy Issues" and "Daddy Issues - Series 2". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5. Tax on loss
Major components of tax income

| Period from | Period from
| 1 May 24 to | 21 Apr 23 to
| 30 Jun 25 | 30 Apr 24
| £ | £

Current tax:

UK current tax income | ( 845,020) | ( 818,190)
| --------- | ---------
Tax on loss | ( 845,020) | ( 818,190)
| --------- | ---------

Reconciliation of tax income
The tax assessed on the loss on ordinary activities for the period is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 19 %).

| Period from | Period from
| 1 May 24 to | 21 Apr 23 to
| 30 Jun 25 | 30 Apr 24
| £ | £
Loss on ordinary activities before taxation | ( 845,020) | ( 818,190)
| --------- | ---------
High-end television tax relief | (845,020) | (818,190)
| --------- | ---------

6. Debtors

| 30 Jun 25 | 30 Apr 24
| £ | £
Trade debtors | 60,000 | 161,099
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 3,426 | –
VAT recoverable | – | 125,494
Corporation tax recoverable | 845,020 | 818,190
Other debtors | 259,560 | 15,846
| ------------ | ------------
| 1,168,006 | 1,120,629
| ------------ | ------------

7. Creditors: amounts falling due within one year

| 30 Jun 25 | 30 Apr 24
| £ | £
Bank loans and overdrafts | – | 719,959
Trade creditors | 171,549 | 393,180
Accruals and deferred income | 365,249 | 191,851
Social security and other taxes | 26,617 | 5,534
Production loan | 744,982 | –
Other creditors | 18,295 | 6,821
| ------------ | ------------
| 1,326,692 | 1,317,345
| ------------ | ------------

8. Contingent liabilities
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Bank of Montreal
9. Related party transactions
The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. During the period, all related party transactions related to the production of the television series entitled "Daddy Issues" and "Daddy Issues - Series 2" and arose on an arm's-length basis through the normal course of business. As such, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
10. Controlling party
In the opinion of the directors the immediate parent undertaking is Fudge Park Too Limited, a company incorporated in England. The ultimate parent undertaking is Fudge Park Productions Limited, a company incorporated in England and Wales.