Company Registration No. 06661698 (England and Wales)
Magic Light Pictures (Wild Target) Limited
Annual report and unaudited financial statements
for the year ended 31 March 2025
Magic Light Pictures (Wild Target) Limited
Company information
Directors
Martin Pope
Michael Rose
Company number
06661698
Registered office
c/o Magic Light Pictures Limited
41-42 Foley Street
London
W1W 7TS
Magic Light Pictures (Wild Target) Limited
Contents
Page
Directors' report
1
Income statement
2
Statement of financial position
3
Notes to the financial statements
4 - 6
Magic Light Pictures (Wild Target) Limited
Directors' report
For the year ended 31 March 2025
1

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of the exploitation of theatrical feature films.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Martin Pope
Michael Rose
Going concern

It is the intention of the directors to close the company in the year ending 31 March 2025 and as a consequence the accounts have not been prepared on a going concern basis.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Martin Pope
Director
19 January 2026
Magic Light Pictures (Wild Target) Limited
Income statement
For the year ended 31 March 2025
2
2025
2024
Notes
£
£
Profit before taxation
-
0
-
0
Taxation
-
0
-
0
Profit for the financial year
-
0
-
0
All of the activities of the company are classed as discontinuing as the Directors have the intention of winding up the company within twelve months from the signing of the financial statements.
Magic Light Pictures (Wild Target) Limited
Statement of financial position
As at 31 March 2025
31 March 2025
3
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
1,000
1,000
Creditors: amounts falling due within one year
5
(6,379)
(6,379)
Net current liabilities
(5,379)
(5,379)
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
(6,379)
(6,379)
Total equity
(5,379)
(5,379)

For the financial year ended 31 March 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 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 19 January 2026 and are signed on its behalf by:
Martin Pope
Director
Company Registration No. 06661698
Magic Light Pictures (Wild Target) Limited
Notes to the financial statements
For the year ended 31 March 2025
4
1
Accounting policies
Company information

Magic Light Pictures (Wild Target) Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Magic Light Pictures Limited, 41-42 Foley Street, London, W1W 7TS.

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. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

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.

1.3
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.

Magic Light Pictures (Wild Target) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
5
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.

1.4
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.

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.

3
Employees

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

2025
2024
Number
Number
Total
-
0
-
0
Magic Light Pictures (Wild Target) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,000
1,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,379
6,379
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
7
Related party transactions

The company was under the joint control of the directors throughout the current and previous period.

No transactions with related parties were undertaken.

2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2024.301 Martin Pope Michael Rose 06661698 2024-04-01 2025-03-31 06661698 bus:Director1 2024-04-01 2025-03-31 06661698 bus:Director2 2024-04-01 2025-03-31 06661698 bus:RegisteredOffice 2024-04-01 2025-03-31 06661698 2025-03-31 06661698 2023-04-01 2024-03-31 06661698 2024-03-31 06661698 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06661698 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06661698 core:ShareCapital 2025-03-31 06661698 core:ShareCapital 2024-03-31 06661698 core:RetainedEarningsAccumulatedLosses 2025-03-31 06661698 core:RetainedEarningsAccumulatedLosses 2024-03-31 06661698 core:WithinOneYear 2025-03-31 06661698 core:WithinOneYear 2024-03-31 06661698 core:CurrentFinancialInstruments 2025-03-31 06661698 core:CurrentFinancialInstruments 2024-03-31 06661698 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06661698 bus:FRS102 2024-04-01 2025-03-31 06661698 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06661698 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP