Mersham Productions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00561520 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Mersham Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

The Hon M-J Knatchbull

Mrs K L D Knatchbull

REGISTERED OFFICE:

Unit 4a Denne Hill Business Centre

Womenswold

Canterbury

Kent

CT4 6HD

REGISTERED NUMBER:

00561520 (England and Wales)

ACCOUNTANTS:

Knight Frank LLP

Assembly Building B

5th Floor

Cheese Lane

Bristol

BS2 0JJ

AGENTS:

Knight Frank LLP

4a Denne Hill Business Centre

Womenswold

Canterbury

Kent

CT4 6HD

FIXED ASSETS

Tangible assets

4

302,445

314,827

Investments

5

1,604

304,049

316,431

CURRENT ASSETS

Debtors

6

292,013

273,436

Cash at bank

476,902

471,019

768,915

744,455

CREDITORS

Amounts falling due within one year

7

1,222,536

1,317,114

NET CURRENT LIABILITIES

(453,621

)

(572,659

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(149,572

)

(256,228

)

CAPITAL AND RESERVES

Called up share capital

9

301,530

Non distributable reserves

10

105,217

Retained earnings

10

(556,319

)

(662,975

)

SHAREHOLDERS' FUNDS

(149,572

)

(256,228

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

The Hon M-J Knatchbull - Director

Mrs K L D Knatchbull - Director

1.	STATUTORY INFORMATION

Mersham Productions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents revenue due from the nominal activities of the business to the extent that the seller obtains a right to consideration in the exchanged for its performance of those activities, exclusive of VAT.

The revenue recognised is measured by reference to the amounts likely to be changeable to the customers, less a suitable allowance to recognise the uncertainties remaining in the competition of the obligations. Contingent income is recognised only when the contingent element is assured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on cost

Plant and machinery etc

-

20% on cost, 5% on cost and 0%

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments

Investments in subsidiary undertakings are recognised at cost. Other fixed asset investments are also recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Long

to

Plant and

and

leasehold

property

machinery

fittings

Totals

£

COST

At 1 April 2024

284,409

72,524

124,040

41,952

522,925

Additions

6,400

-

6,400

Disposals

-

(34,347

)

(34,347

)

Reclassification/transfer

69,699

54,341

(124,040

)

-

At 31 March 2025

360,508

126,865

-

7,605

494,978

DEPRECIATION

At 1 April 2024

119,686

-

46,460

41,952

208,098

Charge for year

14,220

4,562

-

18,782

Charge written back

-

(34,347

)

(34,347

)

Reclassification/transfer

-

46,460

(46,460

)

-

At 31 March 2025

133,906

51,022

-

7,605

192,533

NET BOOK VALUE

At 31 March 2025

226,602

75,843

-

302,445

At 31 March 2024

164,723

72,524

77,580

-

314,827

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 April 2024

and 31 March 2025

2

1,602

1,604

NET BOOK VALUE

At 31 March 2025

2

1,602

1,604

At 31 March 2024

2

1,602

1,604

Investment in G W Films Ltd

The Company holds a 100% ownership interest in GW Films Ltd, with an investment of 2 shares. G W Films is incorporated in the UK and is a dormant company. The investment is recorded at cost in these financial statements.

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

169,298

162,131

Amounts owed by related parties

12,877

-

Tax

17,142

-

Prepayments and accrued income

52,696

71,305

252,013

233,436

Amounts falling due after more than one year:

Tax

40,000

Aggregate amounts

292,013

273,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

6,287

4,466

Amounts owed to group undertakings

21,130

VAT

5,590

2,364

Other creditors

-

115,631

Amounts owed to related parties

109,211

-

Directors' loan accounts

1,000,072

1,100,072

Accruals and deferred income

80,246

73,451

1,222,536

1,317,114

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

68,936

66,203

Between one and five years

344,680

331,015

413,616

397,218

The company has an operating lease for Bircholt Court and Hope Farm (AHA) and Land at Rake Factory with no specified end date. The lease payments for the year amounted to £71,668. As the leases do not have a fixed term, the future minimum lease payments have been estimated based on a period of 5 years, amounting to £344,680. The leases will continue indefinitely with no formal notice period agreed.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

301,530

Ordinary

1

301,530

10.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

At 1 April 2024

(662,975

)

105,217

(557,758

)

Profit for the year

106,656

At 31 March 2025

(556,319

)

105,217

(451,102

)

11.	RELATED PARTY DISCLOSURES

Michael-John Knatchbull ("MJK"): MJK is a director of Mersham Productions Ltd.

As at 31 March 2025, the Company owed £1,000,072 to MJK (2024: £1,100,072). £100,000 was repaid in February 2025. The loan is interest free and repayable on demand. No repayments were made during the period.

Hatch Park LLP:

Michael-John Knatchbull and Kelly Knatchbull are both a member in Hatch Park LLP and directors for Mersham Productions Ltd. Transactions during the year total £19,297 and relate to intercompany recharges. As at 31 March 2025, £12,877 was due from Hatch Park LLP and £13,380 was payable to Hatch Park LLP (2024: £19,800).

GW Films Ltd: The company is a shareholder of GW Films Ltd. As at 31 March 2025, £21,130 was payable to GW Films Ltd (2024: £21,130).

Kenilworth Films Ltd: Michael-John Knatchbull and Kelly Knatchbull are directors of Kenilworth Films and Mersham Productions Ltd. As at 31 March 2025, £93,831 was payable to Kenilworth Films Ltd (2024: £93,831).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is The Hon M-J Knatchbull.