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COMPANY REGISTRATION NUMBER: 2466263

Prominent Palin Productions Limited

Filleted Unaudited Accounts

30 June 2025

Prominent Palin Productions Limited

Accounts

Year ended 30 June 2025

Contents | Page

Statement of financial position | 1

Statement of changes in equity | 3

Notes to the accounts | 4

Prominent Palin Productions Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Debtors | 4 | 10 |  | 1,461
Cash at bank and in hand | 167,728 |  | 166,133
| --------- |  | ---------
| 167,738 |  | 167,594

Creditors: amounts falling due within one year | 5 | ( 7,503) |  | ( 6,864)
| --------- |  | ---------
Net current assets |  | 160,235 | 160,730
|  | --------- | ---------
Total assets less current liabilities |  | 160,235 | 160,730

Creditors: amounts falling due after more than one year | 6 |  | ( 201,766) | ( 201,766)
|  | --------- | ---------
Net liabilities |  | ( 41,531) | ( 41,036)
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 200 | 200
Profit and loss account |  | ( 41,731) | ( 41,236)
|  | -------- | --------
Shareholders deficit |  | ( 41,531) | ( 41,036)
|  | -------- | --------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Prominent Palin Productions Limited

Statement of Financial Position (continued)

30 June 2025
These accounts were approved by the board of directors and authorised for issue on 17 March 2026 , and are signed on behalf of the board by:

Mr M E Palin
Director

Company registration number: 2466263

Prominent Palin Productions Limited

Statement of Changes in Equity

Year ended 30 June 2025

| Called up share capital | Profit and loss account | Total
| £ | £ | £
At 1 July 2023 | 200 | ( 34,208) | ( 34,008)
Loss for the year |  | ( 7,028) | ( 7,028)
| ---- | -------- | --------
Total comprehensive income for the year | – | ( 7,028) | ( 7,028)
At 30 June 2024 | 200 | ( 41,236) | ( 41,036)
Loss for the year |  | ( 495) | ( 495)
| ---- | -------- | --------
Total comprehensive income for the year | – | ( 495) | ( 495)
| ---- | -------- | --------
At 30 June 2025 | 200 | ( 41,731) | ( 41,531)
| ---- | -------- | --------

Prominent Palin Productions Limited

Notes to the Accounts

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Northfield Court, Aldeburgh, Suffolk, IP15 5LU.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In the opinion of the directors the company is a going concern as it has the financial resources to allow it to meet its ongoing trading obligations as they fall due. The accounts are therefore prepared on the going concern basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102 Section 1A: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered in relation to the development of film and television projects, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Trade and other debtors Trade and other debtors are initially recorded at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, receivables are stated at cost less impairment losses for bad and doubtful debts. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provision Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
4. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 10 | 10
Other debtors | – | 1,451
| ---- | -------
| 10 | 1,461
| ---- | -------

5. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 83 | –
Other creditors | 7,420 | 6,864
| ------- | -------
| 7,503 | 6,864
| ------- | -------

6. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Production advances | 201,766 | 201,766
| --------- | ---------

7. Related party transactions
The company is a subsidiary of The Gumby Corporation Ltd. The company was under the control of Mr M E Palin throughout the year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.