REGISTERED NUMBER: 13634212 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pure Fiction TV Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Gillis

J C Hodell

T P Winchester

REGISTERED OFFICE:

39 Long Acre

London

WC2E 9LG

REGISTERED NUMBER:

13634212 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

924

2,415

CURRENT ASSETS

Stocks

5

-

184,226

Debtors

6

115,243

110,469

Cash at bank

36,963

114,972

152,206

409,667

CREDITORS

Amounts falling due within one year

7

53,454

50,996

NET CURRENT ASSETS

98,752

358,671

TOTAL ASSETS LESS CURRENT LIABILITIES

99,676

361,086

CREDITORS

Amounts falling due after more than one year

8

340,000

250,000

NET (LIABILITIES)/ASSETS

(240,324

)

111,086

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

9

999,999

999,999

Retained earnings

9

(1,240,325

)

(888,915

)

SHAREHOLDERS' FUNDS

(240,324

)

111,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 December 2025 and were signed on its behalf by:

T P Winchester - Director

1.	STATUTORY INFORMATION

Pure Fiction TV 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where projects span a longer period, turnover is determined by the stage of completion of the project. Where losses in respect of long term projects are expected and can be reliably measured they are provided for within the profit and loss account.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation, and any impairment losses.

Depreciation is recognised as writing off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment, fixtures and fittings etc - 33% on cost

Computer equipment - 33% on cost.

Work in progress

Work in progress, representing completed programmes and productions in progress, include an attributable portion of overheads and are stated at the lower of cost and net realisable value. Production costs are released to the profit and loss account on the delivery of programmes to the broadcaster, at which time the turnover is also recognised.

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.

Pension costs and other post-retirement benefits

For most employees, the company contributes to Nest, the workplace pension scheme set up by the government. For some employees, the company pays into the employee-nominated personal pension schemes. The assets of the schemes are held separately from the companies. Contributions payable are charged to profit or loss in the period to which they relate.

Creditors

Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at fair value, net of any transaction costs, and subsequently measured at amortised cost determined using the effective interest method.

Production costs recognition

Productions costs are ordinarily accumulated by individual programmes in four chronological steps: acquisition of story rights; pre-production (which includes script development, costume design, set design, and construction); principal photography (which includes shooting the production); and post-production (which includes sound synchronisation and editing); culminating in the completed master negative. All costs are capitalised to Work in Progress (WIP) until the point at which the WIP balance is recognised or consumed on the income statement, generally as delivery of the episodes occurs.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Thus, the directors continue to adopt the going concern basis of accounting in preparing financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,808

2,666

4,474

DEPRECIATION

At 1 January 2024

728

1,331

2,059

Charge for year

602

889

1,491

At 31 December 2024

1,330

2,220

3,550

NET BOOK VALUE

At 31 December 2024

478

446

924

At 31 December 2023

1,080

1,335

2,415

5.

STOCKS

31.12.24

31.12.23

£

£

Work-in-progress

-

184,226

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

112,213

49,006

Other debtors

716

1

VAT

-

6,733

Prepayments and accrued income

2,314

54,729

115,243

110,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

25,631

28,046

Social security and other taxes

5,160

20,767

VAT

480

-

Directors' loan accounts

20,933

933

Accruals and deferred income

1,250

1,250

53,454

50,996

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans - 1-2 years

340,000

250,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(888,915

)

999,999

111,084

Deficit for the year

(351,410

)

(351,410

)

At 31 December 2024

(1,240,325

)

999,999

(240,326

)