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For the year ended 31 March 2025
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Registered number: 02202664
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Crunchyroll Limited - Registered number: 02202664
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Statement of financial position
As at 31 March 2025
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 7 form part of these financial statements.
Page 1
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Notes to the financial statements
For the year ended 31 March 2025
Crunchyroll Limited ('the company') is a private company limited by shares and incorporated in England & Wales. Its registered office and principal place of business is 12th Floor, Brunel Building 2, Canalside Walk, London W2 1DG. The registered number is 02202664.
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.
The following principal accounting policies have been applied:
The directors have considered the future cash flows of the company and, using conservative estimates for revenue, and on the basis of sources of funding available, have concluded that the company is in a position to meet its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements. Therefore the financial statements have been prepared on a going concern basis.
Revenue includes the sale of DVDs, which is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
∙the company has transferred the significant risks and rewards of ownership to the buyer;
∙the company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue generated from the licensing, marketing and distribution and trading of feature films, television and
video programming, television and film production and merchandising sales is recognised when:
∙the amount of revenue can be measured reliably;
∙it is probable that the company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably;
and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Page 2
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Notes to the financial statements
For the year ended 31 March 2025
2.Accounting policies (continued)
Stocks of raw materials and finished goods are valued at the lower of cost and net realisable value after
making due allowance for obsolete and slow moving items. Stock values are computed using the first in, first
out method. Costs included are those incurred in bringing the product to its present location and condition,
including purchase price and other directly attributable costs less trade discounts and subsidies.
The estimation technique used for the calculation of provisions against cost for obsolete and slow moving item uses historic sales as a basis for future stock level requirements.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Foreign currency translation
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Functional and presentation currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Page 3
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Notes to the financial statements
For the year ended 31 March 2025
2.Accounting policies (continued)
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Interest income is recognised in profit or loss using the effective interest method.
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.
Page 4
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Notes to the financial statements
For the year ended 31 March 2025
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The average monthly number of employees, including directors, during the year was 12 (2024 - 7).
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Retirement of expired titles
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Retirement of expired titles
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Page 5
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Notes to the financial statements
For the year ended 31 March 2025
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Investments in subsidiary companies
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Amounts owed by group undertakings
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Prepayments and accrued income
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Page 6
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Notes to the financial statements
For the year ended 31 March 2025
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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The company makes payments to employees’ personal pension schemes. The assets of these schemes are held
separately from those of the company in independently administered funds. The pension cost charge represents
contributions paid by the company and amounted to £11,469 (2024 - £9,198). At 31 March 2025, £nil remained payable in relation to these pension schemes (2024 - £nil).
A prior year adjustment has been raised to recognise a bonus payment made in June 2024 relating to the prior year that had not been accrued. Comparative figures have been restated to recognise an additional bonus expense in the year ended 31 March 2024, and corresponding accrual of £147,483 at 31 March 2024.
A prior year adjustment has been made to recognise corporation tax payable in relation to the year ended 31 March 2024 that had not been accrued. Comparative figures have been restated to recognise an additional corporation tax expense in the year ended 31 March 2024, and corresponding corporation tax creditor of £103,251.
The impact on the comparative figures has been to reduce profit by £250,734. The restated profit after tax is £172,031.
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Inclusion in consolidated financial statements
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The parent undertaking of the smallest group for which consolidated accounts are prepared which include the company is Crunchyroll LLC. The registered office of Crunchyroll LLC is 835 Market St, San Francisco, CA 94103, USA.
The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 23 December 2025 by Katherine White (Senior statutory auditor) on behalf of Buzzacott Audit LLP.
Page 7
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