Development GFC UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11938373

Development GFC UK Limited

Filleted Unaudited Financial Statements

31 August 2025

Development GFC UK Limited

Statement of Financial Position

31 August 2025

	31 Aug 25	31 Oct 24
Note	£	£

Current assets

Stocks		5,529,716	2,228,901
Debtors	5	2,810,329	1,905,625
Cash at bank and in hand		1,444	397
		------------	------------
		8,341,489	4,134,923

Creditors: amounts falling due within one year	6	8,347,156	4,111,265
		------------	------------
Net current (liabilities)/assets		( 5,667)	23,658
		-------	--------
Total assets less current liabilities		( 5,667)	23,658

Creditors: amounts falling due after more than one year	7	–	28,060

Accruals and deferred income	–	1,265
	-------	--------
Net liabilities	( 5,667)	( 5,667)
	-------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 5,767)	( 5,767)
	-------	-------
Shareholders deficit	( 5,667)	( 5,667)
	-------	-------

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 31 August 2025 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 .

Development GFC UK Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Ms M Segal
Director

Company registration number: 11938373

Development GFC UK Limited

Notes to the Financial Statements

Period from 1 November 2024 to 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O TC Group, 6th Floor Kings House, 9-10 Haymarket, London, SW1Y 4BP, 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.

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.

Stocks

Stocks consist of work in progress and represent the development costs of film productions. The costs are recorded at the lower of cost and net realisable value, and are net of Value Added Tax.

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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the period amounted to Nil (2024: 10 ).

5. Debtors

	31 Aug 25	31 Oct 24
	£	£
Trade debtors	–	150,447
Amounts owed by group undertakings and undertakings in which the company has a participating interest	879,945	898,069
Other debtors	1,930,384	857,109
	------------	------------
	2,810,329	1,905,625
	------------	------------

6. Creditors: amounts falling due within one year

	31 Aug 25	31 Oct 24
	£	£
Bank loans and overdrafts	887,537	5,160
Trade creditors	1,929,531	2,216,073
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,088,652	807,981
Other loans	2,009,227	925,383
Other creditors	2,429,109	153,568
Other creditors	3,100	3,100
	------------	------------
	8,347,156	4,111,265
	------------	------------

7. Creditors: amounts falling due after more than one year

	31 Aug 25	31 Oct 24
	£	£
Bank loans and overdrafts	–	28,060
	----	--------

8. Contingencies

Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Bank of Hope