Madge Productions Limited 02626991 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is of film and television production and property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 02626991 2024-08-01 2025-07-31 02626991 2025-07-31 02626991 bus:OrdinaryShareClass1 2025-07-31 02626991 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-07-31 02626991 core:CurrentFinancialInstruments 2025-07-31 02626991 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 02626991 core:FurnitureFittingsToolsEquipment 2025-07-31 02626991 bus:SmallEntities 2024-08-01 2025-07-31 02626991 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 02626991 bus:FullAccounts 2024-08-01 2025-07-31 02626991 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 02626991 bus:RegisteredOffice 2024-08-01 2025-07-31 02626991 bus:Director2 2024-08-01 2025-07-31 02626991 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 02626991 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 02626991 core:FurnitureFittings 2024-08-01 2025-07-31 02626991 core:FurnitureFittingsToolsEquipment 2024-08-01 2025-07-31 02626991 countries:EnglandWales 2024-08-01 2025-07-31 02626991 2024-07-31 02626991 core:FurnitureFittingsToolsEquipment 2024-07-31 02626991 2023-08-01 2024-07-31 02626991 2024-07-31 02626991 bus:OrdinaryShareClass1 2024-07-31 02626991 core:CurrentFinancialInstruments 2024-07-31 02626991 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 02626991 core:FurnitureFittingsToolsEquipment 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02626991

Madge Productions Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Madge Productions Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Madge Productions Limited

(Registration number: 02626991)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 9,505 | 11,183
Investment property | 5 | 909,184 | 909,184
Other financial assets | 6 | 526,166 | 582,387
|  | 1,444,855 | 1,502,754
Current assets |  |  |
Debtors | 7 | 4,497 | 2,654
Cash at bank and in hand |  | 79,127 | 62,665
|  | 83,624 | 65,319
Creditors: Amounts falling due within one year | 8 | (448,721) | (428,614)
Net current liabilities |  | (365,097) | (363,295)
Net assets |  | 1,079,758 | 1,139,459
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Profit and loss account |  | 1,079,658 | 1,139,359
Shareholders' funds |  | 1,079,758 | 1,139,459

For the financial year ending 31 July 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 year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:

......................................... A E Aspinall Director

Madge Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
United Kingdom

These financial statements were authorised for issue by the Board on 17 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Madge Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings & equipment | 15% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Madge Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 112,510 | 112,510
At 31 July 2025 | 112,510 | 112,510
Depreciation
At 1 August 2024 | 101,327 | 101,327
Charge for the year | 1,678 | 1,678
At 31 July 2025 | 103,005 | 103,005
Carrying amount
At 31 July 2025 | 9,505 | 9,505
At 31 July 2024 | 11,183 | 11,183

5 | Investment properties

| 2025 £
At 1 August | 909,184
At 31 July | 909,184

The fair value of the investment property have been arrived by the directors' estimate of an open market value. The directors believe that the carrying amounts in the financial statements approximate to their fair values.

Madge Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 August 2024 | 582,387 | 582,387
Fair value adjustments | 14,178 | 14,178
Additions | 82,759 | 82,759
Disposals | (153,158) | (153,158)
At 31 July 2025 | 526,166 | 526,166
Carrying amount
At 31 July 2025 | 526,166 | 526,166

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,400 | 2,400
Other debtors | 2,097 | 254
| 4,497 | 2,654

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 212 | 1,242
Taxation and social security | 101 | 7,260
Accruals and deferred income | 2,400 | 2,324
Other creditors | 446,008 | 417,788
| 448,721 | 428,614

Madge Productions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

10 | Related party transactions

Included in other creditors is an amount of £441,538 (2024:£405,335) owed to the director.
Included in other creditors is an amount of £2,071 (2024: £2,050) owed to the connected companies. The loan is provided interest free and is unsecured. There is no formal terms and conditions regarding repayment of the loan.