REGISTERED NUMBER: 04088069 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Taylor

Mrs K A McQueen

REGISTERED OFFICE:

15 Colston Street

Bristol

BS1 5AP

REGISTERED NUMBER:

04088069 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

88,734

115,633

Investments

5

501

501

89,235

116,134

CURRENT ASSETS

Debtors

6

1,219,124

1,891,548

Cash at bank and in hand

1,489,571

1,505,988

2,708,695

3,397,536

CREDITORS

Amounts falling due within one year

7

418,395

405,141

NET CURRENT ASSETS

2,290,300

2,992,395

TOTAL ASSETS LESS CURRENT LIABILITIES

2,379,535

3,108,529

PROVISIONS FOR LIABILITIES

9

21,529

21,327

NET ASSETS

2,358,006

3,087,202

CAPITAL AND RESERVES

Called up share capital

10

1,055

1,055

Share premium

299,945

299,945

Retained earnings

2,057,006

2,786,202

SHAREHOLDERS' FUNDS

2,358,006

3,087,202

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 18 December 2025 and were signed on its behalf by:

A M Taylor - Director

1.	STATUTORY INFORMATION

A Productions 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 preparation for 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.

Preparation of consolidated financial statements

The financial statements contain information about A Productions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts earned from the sale of goods and services provided during the year.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

No depreciation has been provided on the long leasehold property in the year as it was sold shortly after the year end.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Operating lease agreements

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs

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.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Fees received in advance

Monies received in respect of television series production in progress at the balance sheet date are initially treated as deferred income. Income is recognised on contract completion or when the right to consideration is earned, in accordance with FRS102.

Going concern

The directors have reviewed the going concern status of the business and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 79 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Equipment

Totals

£

£

£

£

COST

At 1 January 2024

9,347

127,899

129,979

267,225

Additions

-

228

2,039

2,267

At 31 December 2024

9,347

128,127

132,018

269,492

DEPRECIATION

At 1 January 2024

5,450

61,958

84,184

151,592

Charge for year

975

16,543

11,648

29,166

At 31 December 2024

6,425

78,501

95,832

180,758

NET BOOK VALUE

At 31 December 2024

2,922

49,626

36,186

88,734

At 31 December 2023

3,897

65,941

45,795

115,633

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

501

NET BOOK VALUE

At 31 December 2024

501

At 31 December 2023

501

The company's investments at the Balance Sheet date in the share capital of companies include the following:

APST Limited

Registered office: 15 Colston Street, Bristol, BS1 5AP

Nature of business: Film production - trading from 1 Feb 2018

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

100

100

APMEOS Limited

Registered office: 15 Colston Street, Bristol, BS1 5AP

Nature of business: Film production - trading from July 2019

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.7.23

£

£

Aggregate capital and reserves

1

1

KAPRODS Ltd

Registered office: 15 Colston Street, Bristol, BS1 5AP

Nature of business: Film production - trading from November 2018

%

Class of shares:

holding

Ordinary

50.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(1,786

)

200

APEPT Ltd

Registered office: 15 Colston Street, Bristol, BS1 5AP

Nature of business: Film production - trading from 3 July 2020

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

41,591

150,326

APDG Ltd

Registered office: 15 Colston Street, Bristol, BS1 5AP

Nature of business: Film production - trading from 13 July 2022

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

(868,100

)

(732,364

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

497

36,342

Amounts owed by group undertakings

1,145,456

1,461,828

Other debtors

50,816

-

Corporation tax repayable

-

131,667

VAT

-

17,569

Prepayments and accrued income

22,355

244,142

1,219,124

1,891,548

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,677

30,888

Amounts owed to group undertakings

-

200

Corporation tax

3,620

37,570

Social security and other taxes

19,867

32,839

VAT

6,559

-

Other creditors

11,881

13,934

Accruals and deferred income

352,791

289,710

418,395

405,141

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

71,597

60,572

Between one and five years

14,611

86,208

86,208

146,780

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

21,872

21,718

Other timing differences

(343

)

(391

)

21,529

21,327

Deferred

tax

£

Balance at 1 January 2024

21,327

Charge to Income Statement during year

202

Balance at 31 December 2024

21,529

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

6,049

A Ordinary - 10p

10p

605

605

2,254

B Ordinary - 10p

10p

225

225

2,254

C Ordinary - 10p

10p

225

225

1,055

1,055

11.	CONTINGENT LIABILITIES

The company gave a Charge and Deed of Assignment dated 17 May 2023 to the lender in connection with a bank loan facility agreement provided to its subsidiary APDG Limited, and its subsidiary's obligations under this bank loan facility agreement. This created fixed and floating charges over the present or future property, assets, agreements and rights of the company in the event of default by the subsidiary. An amount of £Nil (2023 - £93,246) of the facility had been drawn down by the subsidiary at 31 December 2024, the loan having been repaid. The charge was satisfied in full on 22 July 2025.

The ultimate parent company, Cyber Group Studios, has given a Deed of Guarantee and Indemnity in favour of the lender in connection with this bank loan facility agreement.

12.	RELATED PARTY DISCLOSURES

During the year rent and rates of £4,134 (2023 - £32,414) were paid to MRD Properties Limited, a company in which A M Taylor holds a 33% interest.

During the year rent and service charges of £91,866 (2023 - £83,130) were paid to the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen. Following the year, it was established that rent had been overpaid by £50,436 in the periods to 31 December 2024 and a refund has been provided in these financial statements.

During the year, the company made loans of £Nil (2023 - £Nil) to the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen. Interest amounting to £Nil (2023 - £1,222) was paid by the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen to A Productions Limited during the period. The company was owed £Nil (2023 - £Nil) by the Self Invested Personal Pension Schemes of A M Taylor and Mrs K A McQueen at the end of the period.The loans were repayable over 10 years and attracted interest of 3% per annum.

During the year the company made sales of £Nil (2023 - £1,244,061) to and settled liabilities of £Nil (2023 - £235,608) on behalf of it's wholly owned subsidiary, APST Limited. At the year end A Productions Limited was owed £Nil by APST Limited (2023 - £Nil). No interest is charged on this balance.

During the year the company made sales of £Nil (2023 - £370,338) to it's wholly owned subsidiary, APMEOS Limited. At the year end A Productions Limited was owed £750 by APMEOS Limited (2023 - £273,511). No interest is charged on this balance.

During the year the company made sales of £303,573 (2023 - £1,456,329) to it's wholly owned subsidiary, APEPT Ltd. At the year end A Productions Limited was owed £319,687 by APEPT Ltd (2023 - £211,939). No interest is charged on this balance.

During the year the company made sales of £453,303 (2023 - £Nil) to it's 50% owned subsidiary, KAPRODS Ltd. At the year end A Productions Limited was owed £151,799 by KAPRODS Ltd (2023 - £200 was owed to KAPRODS). No interest is charged on this balance.

During the year the company made sales of £1,548,840 (2023 - £797,843) to it's wholly owned subsidiary, APDG Ltd. At the year end A Productions Limited was owed £1,273,812 by APDG Ltd (2023 - £776,378). No interest is charged on this balance. A provision of £800,592 has been made against this balance at 31 December 2024.

At 31 December 2024 the company was owed £200,000 by its immediate parent company Cyber Group Studios (2023 - £200,000). No interest is charged on this balance.

13.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

Cyber Group Studios, a company registered in France was the ultimate parent company and ultimate controlling party of the company until it entered a form of liquidation in 2024. There was no one ultimate controlling party of Cyber Group Studios.

A Sale and Purchase agreement was reached in June 2025 with the French Courts for the shares in A Productions Limited owned by Cyber Group Studios to be acquired by Mrs K A McQueen and Mr A M Taylor, so that they become the ultimate controlling parties of the group as soon as the legal formalities are completed. The share transfer documents were signed by the French Courts on 25 November 2025 and stamp duty was paid to HMRC shortly afterwards. The registering of the share transfers has not been legally enacted pending the return of paperwork from HMRC to confirm the 'stamping' of the share transfers.