REGISTERED NUMBER: 08377930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FILMTRAX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Fawcett

R K G Hollier

REGISTERED OFFICE:

23 High Street

Pewsey

Wiltshire

SN9 5AF

REGISTERED NUMBER:

08377930 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Intangible assets

4

95,202

58,309

Investments

5

101,632

807,504

196,834

865,813

CURRENT ASSETS

Debtors

6

1,020,761

405,934

Cash at bank

99

1,077

1,020,860

407,011

CREDITORS

Amounts falling due within one year

7

296,020

1,078,488

NET CURRENT ASSETS/(LIABILITIES)

724,840

(671,477

)

TOTAL ASSETS LESS CURRENT LIABILITIES

921,674

194,336

CREDITORS

Amounts falling due after more than one year

8

10,522

12,904

NET ASSETS

911,152

181,432

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

911,151

181,431

911,152

181,432

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 30 December 2025 and were signed on its behalf by:

S P Fawcett - Director

1.	STATUTORY INFORMATION

Filmtrax 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 represents royalties received from music copyrights during the year.

Revenue recognition

Royalties from music copyrights is recognised by the company in the accounting period in which they relate to.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Film Investment cost is not being amortised.

Financial instruments

Financial assets and liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provision of the instrument.

Loans and Borrowings

Loans and borrowings are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Other investments relate to investments in other companies, which is recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Film

production

cost &

film

investment

£

COST

At 1 January 2024

61,885

Additions

38,681

At 31 December 2024

100,566

AMORTISATION

At 1 January 2024

3,576

Amortisation for year

1,788

At 31 December 2024

5,364

NET BOOK VALUE

At 31 December 2024

95,202

At 31 December 2023

58,309

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Other investments - Cost b/fwd

807,504

419,297

Other Investment - Addition

3,922

488,207

Other investments - Cost Dispo

(709,794

)

(100,000

)

101,632

807,504

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

11,326

-

Amounts owed by connected companies

-

15,000

Other debtors

1,009,435

390,934

1,020,761

405,934

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

2,382

2,382

Trade creditors

960

-

Amounts owed to connected companies

172,669

261,494

Taxation and social security

25,207

41,527

Other creditors

94,802

773,085

296,020

1,078,488

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

10,522

12,904

Amounts falling due in more than five years:

Repayable by instalments

Bank Loans due after more than

5 years

3,375

5,757

3,375

5,757

9.	RELATED PARTY DISCLOSURES

Included within other debtors as at year end is £300,575 (2023: £189,935), an amount owed by the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Included within creditors as at the year end is £172,669 (2023: £261,494), an amount owed to Copyright Administration Services Limited, a connected company where Mr. Simon Fawcett is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Also, included within debtors as at the year end is £Nil (2023: £15,000), amount owed by Osmosis Limited, a company where Mr S P Fawcett is also a director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.