Company registration number SC169982 (Scotland)
MAKAR PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MAKAR PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MAKAR PRODUCTIONS LIMITED
BALANCE SHEET
AS AT
14 AUGUST 2025
14 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
439
Current assets
Debtors
5
76
34,715
Cash at bank and in hand
1,932
1,404
2,008
36,119
Creditors: amounts falling due within one year
6
(25,923)
(49,114)
Net current liabilities
(23,915)
(12,995)
Net liabilities
(23,915)
(12,556)
Capital and reserves
Called up share capital
7
180
180
Share premium account
82,539
82,539
Profit and loss reserves
(106,634)
(95,275)
Total equity
(23,915)
(12,556)

For the financial year ended 14 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 May 2026
E Dick
E Dick
Director
Company registration number SC169982 (Scotland)
MAKAR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Makar Productions Limited is a private company limited by shares incorporated in Scotland. The registered office is 30 Craigmount Avenue North, Edinburgh, EH12 8DD.

1.1
Basis of preparation

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
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. At the reporting date, the company had net liabilities of £23,915 which indicates a potential risk to its ability to continue as a going concern.

1.3
Revenue

Turnover is measured at the fair value of the consideration received or receivable.

Turnover represents net invoiced sales of services excluding value added tax, from the company's principal activity being that of film development and movie production.

Unbilled work is recognised as turnover in accordance with FRS 102 and is included within Debtors as Amounts Recoverable on Contracts.

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.

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:

Plant and machinery
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

MAKAR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.7
Taxation

The tax expense represents the sum of the tax currently payable 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 profit and loss account 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. 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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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
1
1
MAKAR PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 14 AUGUST 2025
- 4 -
4
Tangible fixed assets
Plant and machinery
£
Cost
At 15 August 2024
5,967
Disposals
(5,967)
At 14 August 2025
-
0
Depreciation and impairment
At 15 August 2024
5,528
Depreciation charged in the year
129
Eliminated in respect of disposals
(5,657)
At 14 August 2025
-
0
Carrying amount
At 14 August 2025
-
0
At 14 August 2024
439
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts recoverable on contracts
-
0
34,645
Other debtors
76
70
76
34,715
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
20,200
45,813
Other creditors
2,973
2,661
Accruals and deferred income
2,750
640
25,923
49,114

Other borrowings are repayable on the basis the associated projects funded are successful.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
17,964
17,964
180
180
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