0 28 October 2025 false false false false false false false false false false true false false false false false true No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11197268 2024-01-01 2025-06-30 11197268 2025-06-30 11197268 2023-12-31 11197268 2023-01-01 2023-12-31 11197268 2023-12-31 11197268 2022-12-31 11197268 bus:Director1 2024-01-01 2025-06-30 11197268 core:WithinOneYear 2025-06-30 11197268 core:WithinOneYear 2023-12-31 11197268 core:ShareCapital 2025-06-30 11197268 core:ShareCapital 2023-12-31 11197268 bus:SmallEntities 2024-01-01 2025-06-30 11197268 bus:Audited 2024-01-01 2025-06-30 11197268 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-06-30 11197268 bus:PrivateLimitedCompanyLtd 2024-01-01 2025-06-30 11197268 bus:FullAccounts 2024-01-01 2025-06-30
COMPANY REGISTRATION NUMBER: 11197268

Element Pictures CG Limited

Filleted Financial Statements

30 June 2025

Element Pictures CG Limited

Statement of Financial Position

30 June 2025

| 30 Jun 25 | 31 Dec 23
Note | £ | £

Current assets

Debtors | 5 | 2,733,746 | 1,958
Cash at bank and in hand | 285,346 | 247,913
| ------------ | ---------
| 3,019,092 | 249,871

Creditors: amounts falling due within one year | 6 | ( 3,019,090) | ( 249,869)
| ------------ | ---------
Net current assets | 2 | 2
| ---- | ----
Total assets less current liabilities | 2 | 2
| ---- | ----
Net assets | 2 | 2
| ---- | ----

Capital and reserves

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

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 income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

A Lowe
Director

Company registration number: 11197268

Element Pictures CG Limited

Notes to the Financial Statements

Period from 1 January 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 23-25 Eastcastle Street, London, W1W 8DF, United Kingdom.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.
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.
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 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.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue recognition" below.
Comparatives
The accounts cover the period from 1 January 2024 to 30 June 2025. The comparatives cover the period from 1 January 2023 to 31 December 2023.
The accounting period has been extended to ensure that the accounting period and expenditure 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) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, is recognised in income in the period in which it becomes receivable.
Revenue recognition
Turnover relates to the production of the high-end television series entitled "The Cage". 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.
4. Employees
The company has been incorporated to produce a high-end television series called "The Cage". 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. Debtors

| 30 Jun 25 | 31 Dec 23
| £ | £
Prepayments and accrued income | 885,182 | –
VAT recoverable | 211,555 | 1,956
Government grant receivable | 1,600,007 | –
Other debtors | 37,002 | 2
| ------------ | -------
| 2,733,746 | 1,958
| ------------ | -------

6. Creditors: amounts falling due within one year

| 30 Jun 25 | 31 Dec 23
| £ | £
Trade creditors | 540,116 | 11,737
Accruals and deferred income | 255,934 | 238,132
Production loan | 2,114,165 | –
Other creditors | 108,875 | –
| ------------ | ---------
| 3,019,090 | 249,869
| ------------ | ---------

The loan has been secured against the anticipated future audio-visual expenditure credit.
7. Contingent liabilities
Charges have been made against the high-end television series in favour of the following parties to secure their interests in the copyright of and title to the television series: British Broadcasting Corporation (satisfied 5 February 2024)
8. Summary audit opinion
The auditor's report dated 28 October 2025 was unqualified .
The senior statutory auditor was Gurvir Cheema , for and on behalf of Moore Kingston Smith LLP .
9. Related party transactions
All transactions arose on an arm's-length basis through the normal course of business. 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. No further 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 Freemantle Group Limited, a company incorporated in England and Wales. The smallest group to consolidate these financial statements is RTL Group S.A., a Company registered in Luxembourg. Copies of the RTL Group S.A. Annual Report can be obtained from the General Counsel at RTL Group S.A., 43 Boulevard Pierre Frieden, L-1543 Luxembourg. The ultimate parent undertaking and controlling party is Bertelsmann SE & Co.KGaA, a Company registered in Germany, which is the largest group to consolidate these accounts. Copies of the Bertelsmann SE & Co.KGaA accounts can be obtained from the General Counsel at Bertelsmann SE & Co.KGaA, Carl Bertelsmann Straße 270, 33311 Gütersloh, Germany.