Registration number: 03799976

Hotcam Ltd

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Hotcam Ltd

Company Information

Directors

H K Coulam P M Green A J Starr

Registered office

Unit 9-10 Alliance Road Westpoint Trading Estate London W3 0RA

Hotcam Ltd

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,126,376	3,235,733
Current assets
Debtors	5	1,999,554	1,825,798
Cash at bank and in hand		166	182
		1,999,720	1,825,980
Creditors: Amounts falling due within one year	6	(2,703,768)	(2,183,512)
Net current liabilities		(704,048)	(357,532)
Total assets less current liabilities		2,422,328	2,878,201
Creditors: Amounts falling due after more than one year	6	(1,004,880)	(1,406,377)
Provisions for liabilities	8	(494,508)	(421,842)
Net assets		922,940	1,049,982
Capital and reserves
Called up share capital		50	50
Capital redemption reserve		50	50
Retained earnings		922,840	1,049,882
Shareholders' funds		922,940	1,049,982

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Hotcam Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Hotcam Ltd

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 24 December 2025 and signed on its behalf by:
 

.........................................

H K Coulam

Director

.........................................

P M Green

Director

Company registration number: 03799976

Hotcam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9-10 Alliance Road
Westpoint Trading Estate
London
W3 0RA

The principal activity of the company is that of the hire and sale of professional broadcast equipment and the provision of crew, technical management, engineering and production services

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 March 2025 but had net assets at that date of £922,940, reflecting continued investment in assets and equipment. With the resources that the company has, the directors believe that the company has sufficient working capital for a period exceeding 12 months from the approval of the financial statements.

On the basis of the above and considering that an asset refinance arrangement was completed subsequent to 31 March 2025, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the hire of equipment and the provision of services evenly over the period to which the service relates.

Hotcam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	15-40% reducing balance
Furniture, fittings and equipment	20% straight line on cost
Office equipment	5-20% straight line on cost
Motor vehicles	25% straight line on cost

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hotcam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Finance leases and hire purchase

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.

The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 42 (2024 - 35).

Hotcam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Plant and equipment £	Furniture, fittings and equipment  £	Office equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	6,921,419	639,632	106,480	435,576	8,103,107
Additions	577,068	19,581	1,904	104,762	703,315
Disposals	(315,091)	-	-	-	(315,091)
At 31 March 2025	7,183,396	659,213	108,384	540,338	8,491,331
Depreciation
At 1 April 2024	4,270,523	335,272	72,593	188,986	4,867,374
Charge for the year	526,982	85,773	10,369	101,104	724,228
Eliminated on disposal	(226,647)	-	-	-	(226,647)
At 31 March 2025	4,570,858	421,045	82,962	290,090	5,364,955
Carrying amount
At 31 March 2025	2,612,538	238,168	25,422	250,248	3,126,376
At 31 March 2024	2,650,896	304,360	33,887	246,590	3,235,733

Hotcam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

	2025 £	2024 £
Trade debtors	143,996	252,597
Amounts owed by group undertakings	1,409,126	1,241,215
Other debtors	446,432	331,986
	1,999,554	1,825,798

Other debtors includes an amount of £136,845 (2024: £136,845) receivable in greater than one year in respect of property lease deposits.

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	7	1,205,504	981,027
Trade creditors		741,464	584,395
Taxation and social security		383,678	36,418
Other creditors		373,122	581,672
		2,703,768	2,183,512

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	7	1,004,880	1,406,377

Hotcam Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Bank loans	40,000	40,000
Bank overdrafts	179,227	90,842
Finance lease liabilities	986,277	850,185
	1,205,504	981,027