Conversations Productions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI670322

Conversations Productions Limited

Filleted Financial Statements

31 December 2024

Conversations Productions Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	6	875,834	2,318,861
Cash at bank and in hand		4,634	970,919
		---------	------------
		880,468	3,289,780

Creditors: amounts falling due within one year	7	( 696,598)	( 2,562,778)
		---------	------------
Net current assets		183,870	727,002
		---------	---------
Total assets less current liabilities		183,870	727,002
		---------	---------
Net assets		183,870	727,002
		---------	---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		183,770	726,902
		---------	---------
Shareholders funds		183,870	727,002
		---------	---------

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 comprehensive income 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 3 November 2025 , and are signed on behalf of the board by:

A M Lowe

Director

Company registration number: NI670322

Conversations Productions Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Centrepoint, 24 Ormeau Avenue, Belfast, BT2 8HS, 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.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial have been prepared on a going concern basis. A detailed budget and cashflow have been prepared for the production and delivery of the television series. Funds to meet the cashflow requirements are contractually in place and the directors do not anticipate any material overspend. The directors are therefore satisfied that the going concern assumption remains appropriate.

Judgements and key sources of estimation uncertainty

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.

Revenue recognition

Turnover relates to the exploitation of the television series entitled "Conversations with Friends". Turnover is recognised when the company receives statements detailing the revenues received in the various territories and mediums in which the series is distributed. The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant project.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

4. Employees

The company has been incorporated to produce a high-end television series entitled "Conversations with Friends". 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

	2024	2023
	£	£

Current tax:

UK current tax income	( 204,236)	( 728,090)
	---------	---------
Tax on loss	( 204,236)	( 728,090)
	---------	---------

Reconciliation of tax income

The tax assessed on the loss on ordinary activities for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 23.52 %).

	2024	2023
	£	£
Loss on ordinary activities before taxation	( 747,368)	( 1,188)
	---------	-------
Loss on ordinary activities by rate of tax	( 186,842)	( 226)
Unused tax losses	186,842	226
High-end television tax relief	(204,236)	(728,090)
	---------	---------
Tax on loss	( 204,236)	( 728,090)
	---------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	–	6,000
Prepayments and accrued income	671,598	1,578,013
VAT recoverable	–	6,758
Corporation tax recoverable	204,236	728,090
	---------	------------
	875,834	2,318,861
	---------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	671,648
Accruals and deferred income	696,598	1,891,130
	---------	------------
	696,598	2,562,778
	---------	------------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

There are no restrictions on the distribution of dividends and the repayment of capital.

9. Contingencies

Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Coutts & Company

10. Summary audit opinion

The auditor's report dated 4 November 2025 was unqualified .

The senior statutory auditor was Gurvir Cheema , for and on behalf of Moore Kingston Smith LLP .

11. Related party transactions

All transactions related to the production of the television series "Conversations with Friends" and 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.

12. Controlling party

In the opinion of the directors the immediate parent undertaking is Element Pictures UK 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.