Renowned Films Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08288294 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Renowned Films Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Welch

T J Withers

REGISTERED OFFICE:

39 Long Acre

Covent Garden

London

WC2E 9LG

REGISTERED NUMBER:

08288294 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Property, plant and equipment

4

3,895

6,321

Investments

5

3

3,898

6,324

CURRENT ASSETS

Inventories

6

-

35,966

Debtors

7

1,414,381

910,979

Cash at bank and in hand

131,400

110,356

1,545,781

1,057,301

CREDITORS

Amounts falling due within one year

8

1,017,899

898,371

NET CURRENT ASSETS

527,882

158,930

TOTAL ASSETS LESS CURRENT
LIABILITIES

531,780

165,254

CREDITORS

Amounts falling due after more than
one year

9

7,089

16,780

NET ASSETS

524,691

148,474

CAPITAL AND RESERVES

Called up share capital

10

211

Share premium

1,291,561

Retained earnings

(767,081

)

(1,143,298

)

SHAREHOLDERS' FUNDS

524,691

148,474

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 31 December 2025 and were signed on its behalf by:

T J Withers - Director

1.	STATUTORY INFORMATION

Renowned Films 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.

Preparation of consolidated financial statements

The financial statements contain information about Renowned Films 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers.

Where projects span a longer period, turnover is determined by the stage of completion of the project. Where losses in respect of long term projects are expected and can be reliably measured they are provided for within the profit and loss account.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

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.

Going concern basis

The financial statements have been prepared on the going concern basis, the directors will continue to provide sufficient working capital to ensure that the company is able to meet its financial obligations when they fall due for a period of at least 12 months from the date of approving these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 20 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Edit

Camera

machinery

fittings

Suite

equipmt

Totals

£

COST

At 1 January 2024

149,679

11,351

42,042

23,566

226,638

Additions

1,787

-

1,787

At 31 December 2024

151,466

11,351

42,042

23,566

228,425

DEPRECIATION

At 1 January 2024

146,486

11,351

41,376

21,104

220,317

Charge for year

1,085

-

666

2,462

4,213

At 31 December 2024

147,571

11,351

42,042

23,566

224,530

NET BOOK VALUE

At 31 December 2024

3,895

-

3,895

At 31 December 2023

3,193

-

666

2,462

6,321

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 January 2024

and 31 December 2024

3

NET BOOK VALUE

At 31 December 2024

3

At 31 December 2023

3

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

RF POST PRODUCTION LTD

Registered office: Registered in United Kingdom.

Nature of business: Post-production activities

%

Class of shares:

holding

Ordinary

100.00

During the year, company paid some expenses on behalf of it's subsidiary. The balance due from subsidiary at the year end £460,017.

6.	INVENTORIES

31.12.24

31.12.23

£

Work-in-progress

-

35,966

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

524,138

504,094

Amounts owed by group undertakings

460,017

345,683

Other debtors

3,332

6,505

Directors' loan accounts

-

13,487

VAT

552

-

Prepayments and accrued income

426,342

41,210

1,414,381

910,979

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

694

1,161

Trade creditors

113,246

94,577

Amounts owed to group undertakings

-

245,571

Social security and other taxes

45,637

144,812

VAT

-

937

Other creditors

10,300

13,475

Directors' loan accounts

5,007

-

Accruals and deferred income

843,015

397,838

1,017,899

898,371

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Other creditors

7,089

16,780

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

105

Ordinary

1

105

A1 and A2 Ordinary

1

105

1

C Ordinary

1

211

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors had paid expenses for the company and received advances from the company during the year. The balance of director loans were £5,007 due to from the company.