Red Wolf Films (U.K.) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI678914

Red Wolf Films (U.K.) Ltd

Filleted Unaudited Financial Statements

29 December 2024

Red Wolf Films (U.K.) Ltd

Statement of Financial Position

29 December 2024

	29 Dec 24		31 Dec 23
Note	£	£	£

Fixed assets

Tangible assets	4	27,666	37,576
Investments	5	100	–
		--------	--------
		27,766	37,576

Current assets

Debtors	6	16,674	452
Cash at bank and in hand		7,203	12,235
		--------	--------
		23,877	12,687

Creditors: amounts falling due within one year	7	43,651		15,805
		--------		--------
Net current liabilities			19,774	3,118
			--------	--------
Total assets less current liabilities			7,992	34,458
			-------	--------
Net assets			7,992	34,458
			-------	--------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		7,892	34,358
		-------	--------
Shareholders funds		7,992	34,458
		-------	--------

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.

For the period ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Red Wolf Films (U.K.) Ltd

Statement of Financial Position (continued)

29 December 2024

These financial statements were approved by the board of directors and authorised for issue on 10 November 2025 , and are signed on behalf of the board by:

Mrs E Bonara
Director

Company registration number: NI678914

Red Wolf Films (U.K.) Ltd

Notes to the Financial Statements

Period from 1 January 2024 to 29 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 26 Linenhall Street, 1st Floor, C/O Feb Chartered Accountants, Belfast, BT2 8BG, Northern Ireland.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. 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 the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024	55,746
Additions	2,270
Disposals	( 721)
	--------
At 29 December 2024	57,295
	--------
Depreciation
At 1 January 2024	18,170
Charge for the period	11,459
	--------
At 29 December 2024	29,629
	--------
Carrying amount
At 29 December 2024	27,666
	--------
At 31 December 2023	37,576
	--------

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	–
Additions	100
	----
At 29 December 2024	100
	----
Impairment
At 1 January 2024 and 29 December 2024	–
	----

Carrying amount
At 29 December 2024	100
	----
At 31 December 2023	–
	----

6. Debtors

	29 Dec 24	31 Dec 23
	£	£
Trade debtors	43	304
Amounts owed by group undertakings	15,867	–
Other debtors	764	148
	--------	----
	16,674	452
	--------	----

7. Creditors: amounts falling due within one year

	29 Dec 24	31 Dec 23
	£	£
Trade creditors	3,656	2,683
Amounts owed to group undertakings	–	5,454
Other creditors	39,995	7,668
	--------	--------
	43,651	15,805
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	29 Dec 24		31 Dec 23
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Related party transactions

The company is related to Unleashed Films Limited by virtue of a common director. During the year the company paid £21,321 to Unleashed Films Limited (2023: £5,454 received from Unleashed Films Limited). At the balance sheet date £15,867 remained outstanding from Unleashed Films Limited (2023: £5,454 remained outstanding to Unleashed Films Limited).