REGISTERED NUMBER: SC191517 (Scotland)

Financial Statements For The Year Ended 31 March 2025

for

Mallinson Television Productions Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Simon John Mallinson

Gertruda Arnoldina Maria Mallinson

REGISTERED OFFICE:

Trinity House

29 Lynedoch Street

Glasgow

G3 6EF

REGISTERED NUMBER:

SC191517 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

BANKERS:

The Royal Bank of Scotland PLC

9 Clifton Place

Glasgow

G3 7JU

SOLICITORS:

Philp & Miller

48 West George Street

Glasgow G2 1BP

FIXED ASSETS

Tangible assets

4

224,455

291,288

CURRENT ASSETS

Stocks

-

85,394

Debtors

1,470,276

3,057,721

Cash at bank and in hand

706

19,842

1,470,982

3,162,957

CREDITORS

Amounts falling due within one year

1,310,564

1,016,270

NET CURRENT ASSETS

160,418

2,146,687

TOTAL ASSETS LESS CURRENT LIABILITIES

384,873

2,437,975

CREDITORS

Amounts falling due after more than one year

(326,408

)

(400,869

)

PROVISIONS FOR LIABILITIES

(13,940

)

(15,977

)

NET ASSETS

44,525

2,021,129

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

44,425

2,021,029

SHAREHOLDERS' FUNDS

44,525

2,021,129

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 December 2025 and were signed on its behalf by:

Simon John Mallinson - Director

1.	STATUTORY INFORMATION

Mallinson Television Productions Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date turnover represents the value of the service provided to the date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Loans

Interest free loans included within debtors are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Interest free loans that are classified as receivable within one year on initial recognition are measured at the undiscounted amount of the cash or other consideration expected to be received, net of impairment.

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments are originally stated at cost. An annual review of market value takes place at each year end the investments are still held and any increases or diminutions in value adjusted for accordingly in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

961,695

Additions

34,699

Disposals

(219,877

)

At 31 March 2025

776,517

DEPRECIATION

At 1 April 2024

670,407

Charge for year

76,333

Eliminated on disposal

(194,678

)

At 31 March 2025

552,062

NET BOOK VALUE

At 31 March 2025

224,455

At 31 March 2024

291,288

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

36,637

DEPRECIATION

At 1 April 2024

12,594

Charge for year

6,011

At 31 March 2025

18,605

NET BOOK VALUE

At 31 March 2025

18,032

At 31 March 2024

24,043

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

5,348

5,348

Between one and five years

6,408

13,369

11,756

18,717

Non-cancellable

operating leases

2025

2024

£

£

Within one year

122,420

122,420

Between one and five years

131,350

168,350

In more than five years

25,900

51,800

279,670

342,570

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, Directors loans balances due by the company to the Directors were £642,320 (2024: £496,722). Directors loans are interest free and repayable on demand.

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

From 13th May 2024, the immediate and ultimate parent company was Bamburgh First Limited. Accordingly, the ultimate controlling parties are the shareholders of Bamburgh First Limited.