Sparks Film And Media Arts Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 07250384

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		490		653

			490		653
CURRENT ASSETS
Debtors	5	460,293		412,666
Investments	6	12,463		12,463
Cash at bank and in hand		9,243		-

		481,999		425,129
Creditors: Amounts Falling Due Within One Year	7	(343,598 )		(308,627 )

NET CURRENT ASSETS (LIABILITIES)			138,401		116,502

TOTAL ASSETS LESS CURRENT LIABILITIES			138,891		117,155

Creditors: Amounts Falling Due After More Than One Year	8		(180,044 )		(190,102 )

NET LIABILITIES			(41,153 )		(72,947 )

Income and Expenditure Account			(41,153 )		(72,947 )

MEMBERS' FUNDS			(41,153)		(72,947)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Daniel Farrell

Director

26/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Sparks Film And Media Arts Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 07250384 . The registered office is 3rd Floor 86 - 90 Paul Street, London, England, EC2A 4NE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentation currency

The accounts are presented in £ sterling.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% RB

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 4)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	19,461

As at 31 December 2024	19,461

Depreciation
As at 1 January 2024	18,808
Provided during the period	163

As at 31 December 2024	18,971

Net Book Value
As at 31 December 2024	490

As at 1 January 2024	653

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	65,906	54,092
Corporation tax recoverable assets	26,861	46,742
Directors' loan accounts	303,526	247,832

	396,293	348,666
Due after more than one year
Amounts owed by group undertakings	64,000	64,000

	460,293	412,666

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Sparks Film And Media Arts Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Current Asset Investments

	2024	2023
	£	£
Shares in subsidiaries	12,463	12,463

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,354	9,972
Bank loans and overdrafts	-	9,202
Corporation tax	27,733	62,976
Other taxes and social security	20,659	18,583
Net wages	445	2,865
Other creditors	16,753	20,724
Amounts owed to group undertakings	274,654	184,305

	343,598	308,627

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	180,044	190,102

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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