IRIS Accounts Production v25.3.0.601 05054208 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05054208 2024-03-31 05054208 2025-03-31 05054208 2024-04-01 2025-03-31 05054208 2023-03-31 05054208 2023-04-01 2024-03-31 05054208 2024-03-31 05054208 ns15:EnglandWales 2024-04-01 2025-03-31 05054208 ns14:PoundSterling 2024-04-01 2025-03-31 05054208 ns10:Director1 2024-04-01 2025-03-31 05054208 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05054208 ns10:SmallEntities 2024-04-01 2025-03-31 05054208 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05054208 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 05054208 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05054208 ns10:FullAccounts 2024-04-01 2025-03-31 05054208 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 05054208 ns10:Director2 2024-04-01 2025-03-31 05054208 ns10:CompanySecretary1 2024-04-01 2025-03-31 05054208 ns10:RegisteredOffice 2024-04-01 2025-03-31 05054208 ns5:CurrentFinancialInstruments 2025-03-31 05054208 ns5:CurrentFinancialInstruments 2024-03-31 05054208 ns5:ShareCapital 2025-03-31 05054208 ns5:ShareCapital 2024-03-31 05054208 ns5:SharePremium 2025-03-31 05054208 ns5:SharePremium 2024-03-31 05054208 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 05054208 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 05054208 ns5:PlantMachinery 2024-04-01 2025-03-31 05054208 ns5:PlantMachinery 2024-03-31 05054208 ns5:PlantMachinery 2025-03-31 05054208 ns5:PlantMachinery 2024-03-31 05054208 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 05054208 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 05054208 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 05054208 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SPROUT PICTURES (TV) LIMITED

SPROUT PICTURES (TV) LIMITED (REGISTERED NUMBER: 05054208)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

SPROUT PICTURES (TV) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | G R Carter

| S J Fry

| SECRETARY: | G R Carter

| REGISTERED OFFICE: | 55 Loudoun Road

| St John'S Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 05054208 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

SPROUT PICTURES (TV) LIMITED (REGISTERED NUMBER: 05054208)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 279 |  | 535 |  |

CURRENT ASSETS

Debtors | 5 | 234 |  | 39,398 |  |

Cash at bank | 32,566 |  | 43,245 |  |

32,800 |  | 82,643 |  |

CREDITORS

Amounts falling due within one year | 6 | (2,272 | ) | (6,325 | ) |

NET CURRENT ASSETS | 30,528 |  | 76,318 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,807 |  | 76,853 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,172 |  | 1,172 |  |

Share premium | 775,141 |  | 775,141 |  |

Retained earnings | (745,506 | ) | (699,460 | ) |

SHAREHOLDERS' FUNDS | 30,807 |  | 76,853 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:

G R Carter - Director

SPROUT PICTURES (TV) LIMITED (REGISTERED NUMBER: 05054208)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Sprout Pictures (TV) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents production fees, license income and royalties receivable net of value added tax.

| Income for television production is recognised when the company is considered to have fulfilled its contracted delivery obligations.

| In the event that any programme under production spans a year end, income is partially recognised to the extent that the company has fulfilled its obligations under the contract.

| This recognition is based on the fair value of the services provided as at the year end as a proportion of the total fair value of the contract.

| Deferred income is shown as a liability on the balance sheet until the revenue can be recognised as income.

| Income accrued as due at the year end in respect of partially completed contracts are included within debtors.

| Royalties and license income are recognised as income when receivable in respect of periods ending within the accounting year.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 33% on reducing balance

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SPROUT PICTURES (TV) LIMITED (REGISTERED NUMBER: 05054208)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, 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.

| 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Taxation

| The tax expense represents the sum of the tax currently payable.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

| Pension costs and other post-retirement benefits

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

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

SPROUT PICTURES (TV) LIMITED (REGISTERED NUMBER: 05054208)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 April 2024 | 2,248 |  |

| Disposals | (1,308 | ) |

| At 31 March 2025 | 940 |  |

| DEPRECIATION

| At 1 April 2024 | 1,713 |  |

| Charge for year | 139 |  |

| Eliminated on disposal | (1,191 | ) |

| At 31 March 2025 | 661 |  |

| NET BOOK VALUE

| At 31 March 2025 | 279 |  |

| At 31 March 2024 | 535 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | - |  | 39,154 |  |

| Other debtors | 234 |  | 244 |  |

234 |  | 39,398 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 319 |  | - |  |

| Taxation and social security | 293 |  | 3,008 |  |

| Other creditors | 1,660 |  | 3,317 |  |

2,272 |  | 6,325 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 117,188 | Ordinary | £0.01 | 1,172 |  | 1,172 |  |