Company Registration No. 15675601 (England and Wales)
I Fought the Law Production Limited
Financial statements
for the period ended 30 April 2025
Pages for filing with the registrar
I Fought the Law Production Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
I Fought the Law Production Limited
Statement of financial position
As at 30 April 2025
1
30 April 2025
31 October 2024
Notes
£
£
£
£
Current assets
Debtors
5
6,253,550
5,508,566
Cash at bank and in hand
6,967
39,489
6,260,517
5,548,055
Creditors: amounts falling due within one year
6
(6,260,516)
(5,548,054)
Net current assets
1
1
Capital and reserves
-
-
Called up share capital
7
1
1

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 15 October 2025.
Liza Marshall
Director
Company Registration No. 15675601
I Fought the Law Production Limited
Notes to the financial statements
For the period ended 30 April 2025
2
1
Accounting policies
Company information

I Fought the Law Production Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, England, EC4V 4BE.

1.1
Reporting period

The reporting period covers the 6 month period from 1 November 2024 to 30 April 2025. The short reporting period was used to align with the end of production. The prior period covers the 6 month period from 24 April 2024 to 31 October 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

In respect of long term contracts for ongoing services, turnover represents the value of work done in the period, including estimates for amounts not invoiced. Value of work done in respect of long-term contracts and contracts for ongoing services is determined by reference to the stage of completion.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the period in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

I Fought the Law Production Limited
Notes to the financial statements (continued)
For the period ended 30 April 2025
1
Accounting policies (continued)
3
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

I Fought the Law Production Limited
Notes to the financial statements (continued)
For the period ended 30 April 2025
1
Accounting policies (continued)
4
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met, which for the company means recognising the income in line with the production costs incurred.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

AVEC

The key accounting estimate within the financial statements for this company is the valuation of the Audio Visual Expenditure Credit (AVEC) available. The estimate is based on the assessment of the value of qualifying expenditure as per HMRC legislation and guidance plus assessment of the qualification of the underlying production as eligible for the credit. The AVEC is recognised as a government grant within other operating income in the Income Statement and is included within other debtors in the Statement of Financial Position.

In the director's opinion, there were no other critical judgements or other estimation uncertainties in these financial statements.

I Fought the Law Production Limited
Notes to the financial statements (continued)
For the period ended 30 April 2025
5
3
Operating profit
2025
2024
Operating profit for the period is stated after (crediting):
£
£
Government grants
(200,888)
(1,250,815)

Government grants receivable during the period relate entirely to the Audio Visual Expenditure Credit claimed in respect of a high end television production.

4
Employees

The average monthly number of persons (including directors) employed by the company during the period was 3 (31 October 2024: 47).

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
6,253,550
5,508,566

Included in other debtors is £1,337,725 (31 October 2024: £1,143,053) of government grants receivable.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,576,107
4,282,871
Trade creditors
10,846
97,225
Amounts owed to group undertakings
1,378,528
574,192
Other creditors
687
14,105
Accruals and deferred income
294,348
579,661
6,260,516
5,548,054
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Financial commitments, guarantees and contingent liabilities

Coutts & Company held a fixed and floating charge over the property and undertaking of the company. This charge was satisfied in full on 2 June 2025.

I Fought the Law Production Limited
Notes to the financial statements (continued)
For the period ended 30 April 2025
6
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
John Graydon
Statutory Auditors:
Saffery LLP
Date of audit report:
15 October 2025
10
Related party transactions

The company has taken advantage of the exemption under paragraph 33.1a 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.

11
Parent company

The company's immediate parent undertaking is Hera Pictures Limited, a company registered in England and Wales.

The ultimate controlling part y is considered to be Liza Marshall by virtue of their shareholding.

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