1 January 2024 false Taxfiler 2024.6 true 06976153business:PrivateLimitedCompanyLtd2024-01-012024-12-31 069761532023-12-31 069761532024-01-012024-12-31 06976153business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 06976153business:FilletedAccounts2024-01-012024-12-31 069761532024-12-31 06976153business:Director12024-01-012024-12-31 06976153business:Director22024-01-012024-12-31 06976153business:RegisteredOffice2024-01-012024-12-31 069761532023-12-31 06976153core:WithinOneYear2024-12-31 06976153core:WithinOneYear2023-12-31 06976153core:AfterOneYear2024-12-31 06976153core:AfterOneYear2023-12-31 06976153core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 06976153core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 06976153core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 06976153core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 06976153core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 06976153core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 06976153core:PreviouslyStatedAmount2024-12-31 06976153core:PreviouslyStatedAmount2023-12-31 06976153business:SmallEntities2024-01-012024-12-31 06976153countries:EnglandWales2024-01-012024-12-31 06976153core:PlantMachinery2024-01-012024-12-31 06976153core:FurnitureFittings2024-01-012024-12-31 06976153core:ComputerEquipment2024-01-012024-12-31 06976153core:PlantMachinery2023-12-31 06976153core:FurnitureFittings2023-12-31 06976153core:ComputerEquipment2023-12-31 06976153core:PlantMachinery2024-12-31 06976153core:FurnitureFittings2024-12-31 06976153core:ComputerEquipment2024-12-31 06976153core:MoreThanFiveYears2024-12-31 06976153core:MoreThanFiveYears2023-12-31 06976153core:AfterOneYear2024-01-012024-12-31 069761532023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 06976153 (England and Wales)
Sisters Grimm Limited Unaudited accounts for the year ended 31 December 2024
Sisters Grimm Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sisters Grimm Limited Company Information for the year ended 31 December 2024
Directors
Pietra-Marie De Mello-Pittman Ella Louvaine Spira
Company Number
06976153 (England and Wales)
Registered Office
4 Luxfield Road London SE9 4EZ England
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
- 3 -
Sisters Grimm Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
27,186 
31,919 
Investments
5
600 
600 
27,786 
32,519 
Current assets
Inventories
6
498,596 
955,782 
Debtors
7
230,873 
1,049,504 
Cash at bank and in hand
504,052 
130,527 
1,233,521 
2,135,813 
Creditors: amounts falling due within one year
8
(110,551)
(210,312)
Net current assets
1,122,970 
1,925,501 
Total assets less current liabilities
1,150,756 
1,958,020 
Creditors: amounts falling due after more than one year
9
(1,291,578)
(1,111,559)
Net (liabilities)/assets
(140,822)
846,461 
Capital and reserves
Called up share capital
230 
230 
Share premium
949,970 
949,970 
Profit and loss account
(1,091,022)
(103,739)
Shareholders' funds
(140,822)
846,461 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Pietra-Marie De Mello-Pittman Director Company Registration No. 06976153
- 4 -
Sisters Grimm Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sisters Grimm Limited is a private company, limited by shares, registered in England and Wales, registration number 06976153. The registered office is 4 Luxfield Road, London, SE9 4EZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 5 years
Fixtures & fittings
over 20 years reducing balance
Computer equipment
over 4 years reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
- 5 -
Sisters Grimm Limited Notes to the Accounts for the year ended 31 December 2024
Work in Progress
In prior periods, work in progress was presented within inventories. Management has determined that work in progress does not meet the definition of inventories, as it does not represent goods held for sale. Work in progress comprises directly attributable production and development costs incurred on productions that were incomplete at the reporting date. These costs are carried at cost and expensed when the related production is completed and delivered or performed. The principal risks and uncertainties faced by the Company relate to the timing and successful completion of productions and projects, and the recovery of costs incurred in respect of work in progress. The carrying value of work in progress is dependent on the future completion and delivery of productions. Management regularly reviews the recoverability of costs incurred and is satisfied that work in progress is stated at an appropriate value at the reporting date.
Going concern
The financial statements have been prepared on a going concern basis despite the Company having net liabilities of £273,583 at the balance sheet date. The directors have reviewed cash flow forecasts and consider that the Company will continue to be able to meet its obligations as they fall due. Accordingly, the directors consider the going concern basis of accounting to be appropriate.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
48,945 
19,083 
68,028 
Additions
149 
- 
- 
149 
At 31 December 2024
149 
48,945 
19,083 
68,177 
Depreciation
At 1 January 2024
- 
22,628 
13,481 
36,109 
Charge for the year
5 
3,477 
1,400 
4,882 
At 31 December 2024
5 
26,105 
14,881 
40,991 
Net book value
At 31 December 2024
144 
22,840 
4,202 
27,186 
At 31 December 2023
- 
26,317 
5,602 
31,919 
- 6 -
Sisters Grimm Limited Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
600 
Valuation at 31 December 2024
600 
The company owns 100% of the share capital of SG SHOW 1 LIMITED (company number 11195390) The company owns 100% of the share capital of SG SHOW 2 LIMITED (company number 11195329) The company owns 100% of the share capital of SG SHOW 3 LIMITED (company number 11195367) The company owns 100% of the share capital of SG SHOW 4 LIMITED (company number 11195373) The company owns 100% of the share capital of SG SHOW 5 LIMITED (company number 11195519) The company owns 100% of the share capital of SG SHOW 6 LIMITED (company number 11195464)
6
Inventories
2024 
2023 
£ 
£ 
Work in progress
498,596 
- 
Finished goods
- 
955,782 
498,596 
955,782 
Work in progress comprises costs incurred to date in respect of projects not yet completed at the reporting date. Cost includes directly attributable production costs and an appropriate proportion of directly incurred overheads. The principal risks and uncertainties faced by the Company relate to the timing and successful completion of productions and projects, and the recovery of costs incurred in respect of work in progress. The carrying value of work in progress is dependent on the future completion and delivery of productions. Management regularly reviews the recoverability of costs incurred and is satisfied that work in progress is stated at an appropriate value at the reporting date.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,245 
- 
Accrued income and prepayments
50,641 
4,025 
Other debtors
41,226 
1,045,479 
98,112 
1,049,504 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
132,761 
- 
- 7 -
Sisters Grimm Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
84,079 
13,149 
Trade creditors
1,298 
15,458 
Amounts owed to group undertakings and other participating interests
- 
147,757 
Taxes and social security
1,727 
- 
Other creditors
181 
3,069 
Loans from directors
20,866 
- 
Accruals
2,400 
30,879 
110,551 
210,312 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
235,815 
961,059 
Amounts owed to group undertakings and other participating interests
465,647 
500 
Other creditors
590,116 
150,000 
1,291,578 
1,111,559 
Aggregate of amounts that fall due for payment after five years
2,018 
- 
BBL loan backed by 100% government guarantee and financing of first year's interest by means of government grant
10
Transactions with related parties
During the year, the company engaged certain directors as subcontractors to provide creative & production & management services, management. These directors were not on the company payroll but were paid fees of £169,200 (2023: £136,841) in respect of services rendered. SG SHOW 1 LIMITED (Co. No. 11195390) Company is controlled by Sisters Grimm Limited. Loans given to SG SHOW 1 LIMITED £132,761 (2023: £132,761) Amount above is due to Sisters Grimm Limited. INALA LTD (Co. No. 08145191) Company is controlled by Pietra-Marie De Mello-Pittman & Ella Louvaine Spira. Loans given to Sisters Grimm Limited £50,995 (2023: £54,540) Amount above is due by Sisters Grimm Limited. Voices of the Amazon Ltd (Co. No. 10364567) Company is controlled by Pietra-Marie De Mello-Pittman & Ella Louvaine Spira. Loans given to Sisters Grimm Limited £23,019 (2023: £23,019) Amount above is due by Sisters Grimm Limited. Inala West End Ltd (Co. No. Inala West End Ltd) Company is controlled by Pietra-Marie De Mello-Pittman & Ella Louvaine Spira. Loans given to Sisters Grimm Limited £391,632 (2023: 0) Amount above is due by Sisters Grimm Limited.
11
Controlling party
The company is controlled by E&P CREATIVE LTD (Company Number 16039318) who owns majority of the issued share capital and holds majority of the voting rights of the company. Accordingly, E&P CREATIVE LTD (Company Number 16039318) is regarded as the ultimate controlling party.
- 8 -
Sisters Grimm Limited Notes to the Accounts for the year ended 31 December 2024
12
Average number of employees
During the year the average number of employees was 1 (2023: 3).
- 9 -