Company registration number 05361780 (England and Wales)
ARTS ALLIANCE PRODUCTIONS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ARTS ALLIANCE PRODUCTIONS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 9
ARTS ALLIANCE PRODUCTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
5
400
400
Tangible assets
4
-
0
1,348
Investments
6
390,484
71,410
390,884
73,158
Current assets
Debtors
7
313,104
394,933
Cash at bank and in hand
37,908
104,858
351,012
499,791
Creditors: amounts falling due within one year
8
(525,508)
(301,666)
Net current (liabilities)/assets
(174,496)
198,125
Net assets
216,388
271,283
Capital and reserves
Called up share capital
9
10,000
10,000
Profit and loss reserves
206,388
261,283
Total equity
216,388
271,283

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

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

The financial statements were approved by the board of directors and authorised for issue on 4 November 2025 and are signed on its behalf by:
G J Roberts
Director
Company registration number 05361780 (England and Wales)
ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Arts Alliance Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is One Hooper's Court, Knightsbridge, London, SW3 1AF.

1.1
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.

1.2
Going concern

At the balance sheet date, the company has net current liabilities of £174,496 (2023: net assets £271,283) . Included in the current liabilities is an amount of £290,191 owed to the parent company. The parent company has confirmed it will not demand repayment from the company until the company is able to do make such repayment. The directors prepare annual budgets and forecasts in order to ensure that they have sufficient liquidity in place in the business. Based on their latest assessment of the budgets and forecasts for the business and the support of the parent company, the directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and rebates.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

• the amount of revenue can be measured reliably;

• it is probable that the Company will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting period can be measured reliably; and

• the costs incurred and the costs to complete the contract can be measured reliably.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
33.33%
Production rights
10%
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% straight line

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.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
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.

1.9
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 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.

Other financial assets

Other financial instruments, including derivatives and complex contracts not qualifying as basic financial instruments under Section 11, are accounted for in accordance with FRS 102 Section 12.

These instruments are initially recognised at fair value, which is typically the transaction price. Subsequent measurement is also at fair value, with changes in fair value recognised in the profit and loss account s. The other financial instruments that are not publicly traded and whose fair value cannot otherwise be measured reliably, and contracts linked to such instruments, shall be measured at cost less impairment.

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.

ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
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.

1.10
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.

1.11
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
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.

ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.13
Retirement benefits

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

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
134,869
Disposals
(1,348)
At 31 December 2024
133,521
Depreciation and impairment
At 1 January 2024 and 31 December 2024
133,521
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
1,348
ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Intangible fixed assets
IP Development
Production rights
Total
£
£
£
Cost
At 1 January 2024
400
474,518
474,918
Disposals
-
0
(474,518)
(474,518)
At 31 December 2024
400
-
0
400
Amortisation and impairment
At 1 January 2024
-
0
474,518
474,518
Disposals
-
0
(474,518)
(474,518)
At 31 December 2024
-
0
-
0
-
0
Carrying amount
At 31 December 2024
400
-
0
400
At 31 December 2023
400
-
0
400
6
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1
-
0
Loans to group undertakings and participating interests
290,190
-
0
Other investments other than loans
100,293
71,410
390,484
71,410
Movements in fixed asset investments
Shares in subsidiaries
Loans to subsidiaries
Other investments
Total
£
£
£
£
Cost or valuation
At 1 January 2024
-
-
71,410
71,410
Additions
1
290,190
65,293
355,484
Disposals
-
-
(36,410)
(36,410)
At 31 December 2024
1
290,190
100,293
390,484
Carrying amount
At 31 December 2024
1
290,190
100,293
390,484
At 31 December 2023
-
-
71,410
71,410
ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
68,464
Corporation tax recoverable
13,100
-
0
Amounts owed by group undertakings
297,212
-
0
Other debtors
2,792
326,469
313,104
394,933
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
189
40,616
Amounts owed to group undertakings
340,191
-
0
Corporation tax
398
33,056
Other taxation and social security
8,470
72,132
Other creditors
176,260
155,862
525,508
301,666
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
10,000
10,000
10
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 is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Iain McManus
Statutory Auditor:
Sanders
Date of audit report:
4 November 2025
ARTS ALLIANCE PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Other information

During the year the company received supplies from the entities, all related due to common directorship:

Totalling £84,688 (2023: £73,402).

During the year the company made supplies to the entities, all related due to common directorship:

Totalling £441,643 (2023: £802,429)

Included within trade debtors at the year-end are amounts due from the companies, all related due to common directorship:

Totalling £Nil (2023: £68,464)

Included within trade creditors at the year-end are amounts due to the companies, all related due to common directorship:

Totalling £Nil (2023: £24,511).

During the year the company borrowed £50,000 (2023: £Nil) from a related company due to common directorship. The loan is interest fee, unsecured and repayable on demand. The balance of £50,000 (2023: £Nil) was included within amounts owed to group companies at the year-end.

During the year the company borrowed £290,191 (2023: £Nil) from the parent company. The loan is interest fee, unsecured and repayable on demand. The balance of £290,191 (2023: £Nil) was included within amounts owed to group companies at the year-end.

During the year the company borrowed £Nil (2023: £150,000) from a shareholder and director. The loan is unsecured, carries an annual interest rate of 4%, and is repayable on demand. The balance of £150,000 (2023: £150,000) was included within other creditors at the year-end.

During the year the company loaned £290,191 (2023: £Nil) to its subsidiary. The loan is unsecured, carries an annual interest rate of 1.5%, and is repayable on demand. The balance of £290,191 (2023: £Nil) was included within fixed assets investments at the year-end.

During the year the company loaned £29 7,212 (2023: £297,212) to its fellow subsidiary. The loan is unsecured, carries an annual interest rate of 2.2 5%, and is repayable on demand. The balance of £29 7,212 (2023: £297,212) was included within amounts owed by group undertakings at the year-end.

12
Parent company

During the year, there was a change in the ownership of the company. As a result, the company became both a parent company and a subsidiary. The parent company provided the necessary funds to facilitate the purchase of shares in the subsidiary company.

The immediate and ultimate parent company is Arts Alliance Investments Limited and its registered office is Suite 7 Windsor House, Lower Pollet, St Peter Port, Guernsey GY1 1WF.

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