REGISTERED NUMBER: SC217050 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 10 APRIL 2025

FOR

LA BELLE ALLEE PRODUCTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Karen Margaret Smyth

REGISTERED OFFICE:

C/O Stewart Gilmour & Co.

3rd Floor, St George's Buildings

5 St Vincent Place

Glasgow

G1 2DH

REGISTERED NUMBER:

SC217050 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

3rd Floor, St George's Buildings

5 St Vincent Place

Glasgow

G1 2DH

BANKERS:

The Royal Bank of Scotland

23 Sauchiehall Street

Glasgow

G2 3AD

FIXED ASSETS

Tangible assets

4

579

502

CURRENT ASSETS

Debtors

5

14,942

15,919

Cash at bank

681

346

15,623

16,265

CREDITORS

Amounts falling due within one year

6

309,712

287,031

NET CURRENT LIABILITIES

(294,089

)

(270,766

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(293,510

)

(270,264

)

CAPITAL AND RESERVES

Called up share capital

7

505

505

Retained earnings

(294,015

)

(270,769

)

SHAREHOLDERS' FUNDS

(293,510

)

(270,264

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 10 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 10 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 9 January 2026 and were signed by:

Karen Margaret Smyth - Director

1.	STATUTORY INFORMATION

La Belle Allee Productions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

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.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company made a loss after taxation of £23,246 for the year ended 10 April 2025 and at that date its current liabilities, including £180,057 owed to its director, exceeded its current assets by £294,089. The company is thus dependent on the continuing financial support of its director and other creditors. The director is confident of this continuing support and of the company's long-term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that may result from withdrawal of financial support.

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

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

Equipment and fixtures

-

25% on 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.

Grants received

Grants received in respect of expenditure charged to the profit and loss account during the year have been included within profit and loss. The remainder are deferred and are released to the profit and loss either to match the relevant expenditure or, in the case of government grants received in respect of capital expenditure, over the expected useful lives of the related fixed assets.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 11 April 2024

15,282

Additions

499

At 10 April 2025

15,781

DEPRECIATION

At 11 April 2024

14,780

Charge for year

422

At 10 April 2025

15,202

NET BOOK VALUE

At 10 April 2025

579

At 10 April 2024

502

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,836

13,836

Other debtors

1,106

2,083

14,942

15,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

205

206

Taxation and social security

93

93

Other creditors

309,414

286,732

309,712

287,031

The film development loans are unsecured, interest free and have no fixed terms for repayment. Included within development loans at 10 April 2025 was £58,493 (2024 : £58,493) due to Creative Scotland which would become repayable on commencement of principal photography.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

5

Ordinary 'A'

£1

5

5

505

505

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Karen Margaret Smyth.