Registration number: 07701034

Intermission Film Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Intermission Film Limited

Company Information

Directors

S C Cryer S J Cryer

Registered office

49 Hackney Road London E2 7NX

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Intermission Film Limited

Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	107,500	12,000
Tangible assets	5	626,036	588,890
		733,536	600,890
Current assets
Stocks	6	147,941	-
Debtors	7	2,345,685	2,099,292
Cash at bank and in hand		1,357,884	1,458,593
		3,851,510	3,557,885
Creditors: Amounts falling due within one year	8	(2,099,375)	(935,254)
Net current assets		1,752,135	2,622,631
Total assets less current liabilities		2,485,671	3,223,521
Provisions for liabilities		(98,844)	(85,864)
Net assets		2,386,827	3,137,657
Capital and reserves
Called up share capital		100	100
Retained earnings		2,386,727	3,137,557
Shareholders' funds		2,386,827	3,137,657

For the financial year ending 31 July 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Intermission Film Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Intermission Film Limited

Statement of Financial Position as at 31 July 2025

Approved and authorised by the Board on 8 May 2026 and signed on its behalf by:
 

.........................................

S C Cryer

Director

Company registration number: 07701034

Intermission Film Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
49 Hackney Road
London
E2 7NX

The principal activity of the company is that of the production of audiovisual and design advertising.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 July 2025 and had net assets at that date of £2,386,827 including cash at bank of £1,357,884.

The company retains a strong position within the industry and continues to look for opportunities to increase organic growth and continues to trade profitably.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises turnover for services provided based upon the contractual stage of completion and once it is probable that future economic benefit will flow to the company.

Intermission Film Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold Property	Over the period of lease on straight line
Fixtures & Fittings	10 - 25% straight line
Computer Equipment	25 - 33% straight line
Editing Equipment	25 - 33% straight line
Motor Vehicles	25% straight line

Intangible assets

Intangible assets in respect of film production rights are recognised when it is probable that a future economic benefit that is attributable to the asset will flow to the company and when the cost of the asset can be reliably measured.

Intangible assets are initially recognised at cost. Subsequent impairment reviews are completed on the intangible assets held by the company such that they are held at cost less any impairment losses.

Intermission Film Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 73 (2024 - 69).

Intermission Film Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Intangible assets

	Film production rights  £	Total £
Cost or valuation
At 1 August 2024	122,784	122,784
Additions acquired separately	107,500	107,500
Disposals	(10,000)	(10,000)
At 31 July 2025	220,284	220,284
Amortisation
At 1 August 2024	110,784	110,784
Provision for diminution in value	2,000	2,000
At 31 July 2025	112,784	112,784
Carrying amount
At 31 July 2025	107,500	107,500
At 31 July 2024	12,000	12,000

Intermission Film Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Stocks

	2025 £	2024 £
Work in progress	147,941	-

7

Debtors

	2025 £	2024 £
Trade debtors	1,542,260	1,178,658
Amounts owed by group undertakings	132,565	156,697
Other debtors	670,860	763,937
	2,345,685	2,099,292

Other debtors includes an amount of £56,267 (2024: £56,267) receivable in greater than one year and secured in respect of future rental obligations.

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Loans and borrowings	-	21,651
Trade creditors	166,051	276,880
Amounts owed to group undertakings	516,555	275,308
Taxation and social security	229,142	143,668
Other creditors	1,187,627	217,747
	2,099,375	935,254

9	Commitments under operating leases

The total of future minimum lease payments not reflected in the statement of financial position amounts to £171,880 (2024: £293,017).

10	Related party transactions

Exemption is taken under FRS102 paragraph IAC.35 not to disclose transactions or amounts due with companies wholly owned within the group.