COMPANY REGISTRATION NUMBER:
12420240
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Malice Productions 1 Limited |
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Filleted Financial Statements |
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Malice Productions 1 Limited |
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Statement of Financial Position |
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31 December 2024
Current assets
|
Debtors |
5 |
3,814,473 |
4,580,544 |
|
Cash at bank and in hand |
153,898 |
17,470 |
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------------ |
------------ |
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3,968,371 |
4,598,014 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
(
3,968,370) |
(
4,598,013) |
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------------ |
------------ |
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Net current assets |
1 |
1 |
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---- |
---- |
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Total assets less current liabilities |
1 |
1 |
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---- |
---- |
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Net assets |
1 |
1 |
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---- |
---- |
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Capital and reserves
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Called up share capital |
7 |
1 |
1 |
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---- |
---- |
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Shareholders funds |
1 |
1 |
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---- |
---- |
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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.
The director acknowledges her 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
8 December 2025
, and are signed on behalf of the board by:
Company registration number:
12420240
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Malice Productions 1 Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW, 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 or loss.
Comparatives
The accounts cover the period from 01 January 2024 to 31 December 2024. The comparatives cover the year from 29 March 2023 to 31 December 2023, as such balances are not entirely comparable.
The accounting period has been shortened to align with the parent company.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
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.
Revenue recognition
Turnover relates to the production of the television series entitled "A Town Called Malice". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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.
4.
Employees
The company has been incorporated to produce a television series called "A Town Called Malice". 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.
The directors received no form of remuneration.
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
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Amounts owed by group undertakings |
114,225 |
– |
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Prepayments and accrued income |
3,667,015 |
– |
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Other debtors |
33,233 |
4,580,544 |
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------------ |
------------ |
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3,814,473 |
4,580,544 |
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------------ |
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6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to group undertakings |
35,798 |
– |
|
Accruals and deferred income |
2,500 |
35,199 |
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Social security and other taxes |
17,862 |
41,732 |
|
Production loan |
|
|
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Other creditors |
– |
17,707 |
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------------ |
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3,968,370 |
4,598,013 |
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------------ |
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7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
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---- |
---- |
---- |
---- |
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8.
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: Natixis Coficine S.A.
9.
Summary audit opinion
The auditor's report dated
8 December 2025
was
unqualified
.
The senior statutory auditor was
Lauren Gilman
, for and on behalf of
Shipleys LLP
.
10.
Related party transactions
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.
11.
Controlling party
The company is a wholly owned subsidiary of its immediate parent undertaking. Vertigo Television Limited, a company incorporated in England and Wales. The ultimate holding company and controlling party is Vertigo Holdings Limited, a company incorporated in England and Wales. Vertigo Holdings Limited is the smallest and largest group for which group financial statements are drawn up. Copies of the group financial statements can be obtained from 2nd Floor, 55 Ludgate Hill, London, United Kingdom, EC4M 7JW.