1 July 2024 false Taxfiler 2024.6 14945062 business:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 14945062 2024-06-30 14945062 2024-07-01 2025-06-30 14945062 business:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 14945062 business:FilletedAccounts 2024-07-01 2025-06-30 14945062 2025-06-30 14945062 business:Director1 2024-07-01 2025-06-30 14945062 business:RegisteredOffice 2024-07-01 2025-06-30 14945062 2024-06-30 14945062 core:WithinOneYear 2025-06-30 14945062 core:WithinOneYear 2024-06-30 14945062 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 14945062 core:ShareCapital core:PreviouslyStatedAmount 2024-06-30 14945062 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 14945062 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-06-30 14945062 core:PreviouslyStatedAmount 2025-06-30 14945062 core:PreviouslyStatedAmount 2024-06-30 14945062 business:SmallEntities 2024-07-01 2025-06-30 14945062 countries:EnglandWales 2024-07-01 2025-06-30 14945062 core:ComputerEquipment 2024-07-01 2025-06-30 14945062 core:ComputerEquipment 2024-06-30 14945062 core:ComputerEquipment 2025-06-30 14945062 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14945062 (England and Wales)
Rising Tide Pictures Ltd Unaudited accounts for the year ended 30 June 2025
Rising Tide Pictures Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Rising Tide Pictures Ltd Company Information for the year ended 30 June 2025
Director
Jonathan Richard Alexander Rowe
Company Number
14945062 (England and Wales)
Registered Office
Ellfield Merlin Haven Wotton-Under-Edge GL12 7BA England
Accountants
Diligent Accounting Services Limited Western Cottage Houndscroft Rodborough, Stroud Gloucestershire GL5 5DG
- 3 -
Rising Tide Pictures Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,897
616
Current assets
Cash at bank and in hand
34,427
3,725
Creditors: amounts falling due within one year
5
(19,439)
(4,115)
Net current assets/(liabilities)
14,988
(390)
Total assets less current liabilities
16,885
226
Provisions for liabilities
Other provisions
(117)
(117)
Net assets
16,768
109
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,668
9
Shareholders' funds
16,768
109
For the year ending 30 June 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
Jonathan Richard Alexander Rowe Director Company Registration No. 14945062
- 4 -
Rising Tide Pictures Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Rising Tide Pictures Ltd is a private company, limited by shares, registered in England and Wales, registration number 14945062. The registered office is Ellfield, Merlin Haven, Wotton-Under-Edge, GL12 7BA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computer equipment
20% on cost
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 taxation
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.
- 5 -
Rising Tide Pictures Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 July 2024
770
Additions
1,625
At 30 June 2025
2,395
Depreciation
At 1 July 2024
154
Charge for the year
344
At 30 June 2025
498
Net book value
At 30 June 2025
1,897
At 30 June 2024
616
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,415
-
Taxes and social security
4,344
2,542
Other creditors
10,148
1,573
Loans from directors
1,937
-
Accruals
595
-
19,439
4,115
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -