Company Registration No. 02751532 (England and Wales)
Platinum Films Limited
Unaudited financial statements
for the year ended 30 June 2025
Pages for filing with the registrar
Platinum Films Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
Platinum Films Limited
Statement of financial position
As at 30 June 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
824,840
465,844
Tangible assets
5
20,114
30,269
Investments
6
8,748
251
853,702
496,364
Current assets
Debtors
7
1,495,565
806,923
Cash at bank and in hand
1,548,413
2,043,800
3,043,978
2,850,723
Creditors: amounts falling due within one year
8
(135,946)
(319,025)
Net current assets
2,908,032
2,531,698
Net assets
3,761,734
3,028,062
Capital and reserves
Called up share capital
775
775
Profit and loss reserves
3,760,959
3,027,287
Total equity
3,761,734
3,028,062

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 14 January 2026 and are signed on its behalf by:
Nigel Stone
Director
Company Registration No. 02751532
Platinum Films Limited
Notes to the financial statements
For the year ended 30 June 2025
2
1
Accounting policies
Company information

Platinum Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the consideration received or receivable from production fees, royalties and licence fees derived from the principal activities of the company, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Intangible fixed assets other than goodwill

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Brand rights
5 years
Development costs
20% reducing balance
Trademarks
10 years
Work in progress
n/a - held at cost and amortised when transferred to relevant asset class
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Platinum Films Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
3

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
Straight line over 5 years
Computer costs
Straight line over 5 years
Motor Vehicles
Straight line over 3 years
Editing equipment
Straight line over 5 years
1.5
Fixed asset investments

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.6
Impairment of fixed assets

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Platinum Films Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
4
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
Taxation

The tax credit represents the sum of the tax currently receivable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Platinum Films Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
5
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Platinum Films Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
2
Critical accounting judgements and key sources of estimation uncertainty (continued)
6
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Audio Visual expenditure credit (AVEC) estimate

A key accounting estimate within the financial statements for this company is the valuation of the AVEC available. The estimate is based on the assessment of the value of qualifying expenditure as per HMRC legislations and guidance plus assessment of the qualification of the underlying production as eligible for the tax credit.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
12
12
4
Intangible fixed assets
Music licences
Brand rights
Development costs
Work in Progress
Trademarks
Total
£
£
£
£
£
£
Cost
At 1 July 2024
839
562,593
1,862,257
318,966
43,069
2,787,724
Additions
-
0
-
0
-
0
821,694
-
0
821,694
Disposals
-
0
-
0
-
0
(318,966)
-
0
(318,966)
At 30 June 2025
839
562,593
1,862,256
821,694
43,069
3,290,451
Amortisation and impairment
At 1 July 2024
-
0
562,593
1,718,605
-
0
40,682
2,321,880
Amortisation charged for the year
-
0
-
0
141,344
-
0
2,387
143,731
At 30 June 2025
-
0
562,593
1,859,949
-
0
43,069
2,465,611
Carrying amount
At 30 June 2025
839
-
0
2,307
821,694
-
0
824,840
At 30 June 2024
839
-
0
143,652
318,966
2,387
465,844
Platinum Films Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
7
5
Tangible fixed assets
Fixtures and fittings
Computer costs
Motor Vehicles
Editing equipment
Total
£
£
£
£
£
Cost
At 1 July 2024
40,843
158,479
49,350
8,683
257,355
Additions
1,546
2,172
-
0
-
0
3,718
At 30 June 2025
42,389
160,651
49,350
8,683
261,073
Depreciation and impairment
At 1 July 2024
20,449
148,806
49,350
8,683
227,288
Depreciation charged in the year
6,954
6,717
-
0
-
0
13,671
At 30 June 2025
27,403
155,523
49,350
8,683
240,959
Carrying amount
At 30 June 2025
14,986
5,128
-
0
-
0
20,114
At 30 June 2024
16,786
32,802
42,625
-
92,213
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
8,748
251
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 July 2024
251
Additions
8,497
At 30 June 2025
8,748
Carrying amount
At 30 June 2025
8,748
At 30 June 2024
251
Platinum Films Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
8
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
27,222
220
Corporation tax recoverable
6,114
54,831
Amounts owed by group undertakings
1,376,048
741,414
Other debtors
75,722
1,196
Prepayments and accrued income
10,459
9,262
1,495,565
806,923
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
47,683
22,340
Amounts owed to group undertakings
26,933
258,045
Taxation and social security
5,331
25,220
Other creditors
36,749
470
Accruals and deferred income
19,250
12,950
135,946
319,025
9
Charges

A fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery was created on 9 February 2011 and is held by Coutts & Company.

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