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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
MPL Pictures Limited is a private limited liability company registered in England and Wales, with its principal place of business and registered office at 1 Soho Square, London, W1D 3BQ.
The principal activity of the Company is the production of films and videos. No projects were undertaken during the year.
The functional and presentational currency of the Company is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income 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 income.
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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2 (2024 - 2) Ordinary shares of £1 each
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The company is a wholly owned subsidiary of MPL Communications Limited, a company registered in England & Wales, which the directors regard as the ultimate parent undertaking.
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