Moonchild Films Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14297703

Moonchild Films Ltd

Filleted Unaudited Accounts

28 February 2025

Moonchild Films Ltd

Statement of Financial Position

28 February 2025

	28 Feb 25	31 Aug 23
Note	£	£

Current assets

Work in progress		–	1,860,871
Debtors	6	313,607	277,151
Cash at bank and in hand		367,743	642,654
		---------	------------
		681,350	2,780,676

Creditors: amounts falling due within one year	7	( 681,348)	( 2,780,674)
		---------	------------
Net current assets		2	2
		----	----
Total assets less current liabilities		2	2
		----	----
Net assets		2	2
		----	----

Capital and reserves

Called up share capital	8	2	2
		----	----
Shareholders funds		2	2
		----	----

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 28 February 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 22 October 2025 , and are signed on behalf of the board by:

A O Clark

Director

Company registration number: 14297703

Moonchild Films Ltd

Notes to the Accounts

Period from 1 September 2023 to 28 February 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 Broadway Media Centre, 14-18 Broad Street, Nottingham, NG1 3AL, England.

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 prior accounts cover the period from incorporation through to 31 August 2023. The current period has been extended and cover the period 1 September 2023 to 28 February 2025, in order to align with the tax credit claim and as such the comparatives are not entirely comparable.

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) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover relates to the production of the film entitled "Sister Midnight". 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

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 entity after deducting all of its financial liabilities.

4. Employees

The company has been incorporated to produce a film called "Sister Midnight". 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 Sep 23 to	15 Aug 22 to
	28 Feb 25	31 Aug 23
	£	£

Current tax:

UK current tax income	( 265,385)	–
	---------	----
Tax on loss	( 265,385)	–
	---------	----

6. Debtors

	28 Feb 25	31 Aug 23
	£	£
Trade debtors	48,220	–
VAT recoverable	–	277,149
Corporation tax recoverable	265,385	–
Other debtors	2	2
	---------	---------
	313,607	277,151
	---------	---------

7. Creditors: amounts falling due within one year

	28 Feb 25	31 Aug 23
	£	£
Trade creditors	18,000	323,850
Accruals and deferred income	322,004	2,453,649
Social security and other taxes	73,850	–
Production loan	265,385	–
Other creditors	2,109	3,175
	---------	------------
	681,348	2,780,674
	---------	------------

8. Called up share capital

Issued, called up and fully paid

	28 Feb 25		31 Aug 23
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

9. Contingent liabilities

Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Film Finances, Inc.

10. Related party transactions

During the period no related-party transactions took place. All transactions related to the production of the film "Sister Midnight" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

11. Controlling party

The company was under the joint control of A O Clark and A F M Griffin throughout the period.