REGISTERED NUMBER: 06605208 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2024 to 31 March 2025

for

Thompson Pictures Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M R Thompson

D M Thompson

REGISTERED OFFICE:

15 Brookfield Park

London

NW5 1ES

REGISTERED NUMBER:

06605208 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

418

1,156

Investments

5

1,887,562

1,818,099

1,887,980

1,819,255

CURRENT ASSETS

Debtors

6

435,914

44,746

Cash at bank

811,747

1,107,072

1,247,661

1,151,818

CREDITORS

Amounts falling due within one year

7

6,029

5,042

NET CURRENT ASSETS

1,241,632

1,146,776

TOTAL ASSETS LESS CURRENT LIABILITIES

3,129,612

2,966,031

ACCRUALS AND DEFERRED INCOME

-

2

NET ASSETS

3,129,612

2,966,029

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,129,610

2,966,027

3,129,612

2,966,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 31 December 2025 and were signed on its behalf by:

D M Thompson - Director

1.	STATUTORY INFORMATION

Thompson Pictures Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Motor vehicles - 25% straight line

Equipment - 25% straight line

Electric Bike - 25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

User

defined

Motor

asset

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

and 31 March 2025

2,333

5,404

10,500

18,237

DEPRECIATION

At 1 June 2024

1,895

4,686

10,500

17,081

Charge for period

438

300

-

738

At 31 March 2025

2,333

4,986

10,500

17,819

NET BOOK VALUE

At 31 March 2025

-

418

-

418

At 31 May 2024

438

718

-

1,156

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

110

1,817,989

1,818,099

Additions

-

298,999

298,999

Disposals

-

(334,400

)

(334,400

)

Revaluations

-

101,716

101,716

Dividends received

-

3,148

3,148

At 31 March 2025

110

1,887,452

1,887,562

NET BOOK VALUE

At 31 March 2025

110

1,887,452

1,887,562

At 31 May 2024

110

1,817,989

1,818,099

Cost or valuation at 31 March 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2024

-

357,344

357,344

Valuation in 2025

-

69,463

69,463

Cost

110

1,460,645

1,460,755

110

1,887,452

1,887,562

Aggregate capital and reserves

2025

2024

£

£

The Woman in White Productions Ltd

100

100

Hope Gap Productions Ltd

10

10

The company owns 100% of the issued share capital of The Woman in White Productions Limited and Hope Gap Productions Ltd.

The principal activity of all companies is that of the development and production of theatrical feature films and television. All companies are incorporated in England and Wales.

Profit and (loss) for the year

2025

2024

£

£

The Woman in White Productions Ltd

-

-

Hope Gap Productions Ltd

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.5.24

£

£

Trade debtors

120

-

Other debtors

435,377

44,534

VAT

417

212

435,914

44,746

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.5.24

£

£

Trade creditors

2,048

1,270

Amounts owed to group undertakings

2,481

2,272

Accruals and deferred income

1,500

1,500

6,029

5,042

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year one of the directors received a loan from the company of £310,000 (2024: £37,306).

Notional interest was charged on the loan at the rate of 2.25% amounting to £3,689 and was credited to the directors' loan account.

At the balance sheet date, the total loan balance due to the company was of £313,689 (2024: £37,307) including interest due to the company. This balance was repaid within nine months of the accounting period end.

9.	RELATED PARTY DISCLOSURES

The company was under the joint control of Mr and Mrs Thompson throughout the current and previous years. Mr and Mrs Thompson are directors of the company.

Thompson Pictures Ltd did not provide production services to Origin Pictures Ltd this year or in the prior year. At the year end £2,371 (2024: £2,162) was owed to Origin Pictures Ltd by Thompson Pictures Ltd and £114,461 (2024: £Nil) was owed by origin Pictures Ltd to Thompson Picture Ltd.

D. Thompson is a controlling party in Origin Pictures Ltd.

During the year the company paid a salary of £10,788 (2024: £11,992) and dividends of £40,000 (2024: £55,000) to S Thompson. S Thompson is a minority shareholder and the daughter of Mr and Mrs Thompson, the directors.

The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

The company has taken advantage available under FRS 102 Section 1A to not disclose transactions with fully owned subsidiaries.