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Registered number: NI615555
Fine Point Films Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI615555
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,132 17,425
Investments 5 25,000 25,000
40,132 42,425
CURRENT ASSETS
Debtors 6 788,347 658,124
Cash at bank and in hand 75,429 178,789
863,776 836,913
Creditors: Amounts Falling Due Within One Year 7 (1,081,063 ) (1,209,322 )
NET CURRENT ASSETS (LIABILITIES) (217,287 ) (372,409 )
TOTAL ASSETS LESS CURRENT LIABILITIES (177,155 ) (329,984 )
Creditors: Amounts Falling Due After More Than One Year 8 (16,171 ) (26,091 )
NET LIABILITIES (193,326 ) (356,075 )
CAPITAL AND RESERVES
Called up share capital 9 12 12
Profit and Loss Account (193,338 ) (356,087 )
SHAREHOLDERS' FUNDS (193,326) (356,075)
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Trevor Birney
Director
27 May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fine Point Films Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI615555 . The registered office is 2nd Floor, 13 Lombard Street, Belfast, Northern Ireland, BT1 1RB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 14)
13 14
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2024 56,281
Additions 2,369
As at 31 May 2025 58,650
Depreciation
As at 1 June 2024 38,856
Provided during the period 4,662
As at 31 May 2025 43,518
Net Book Value
As at 31 May 2025 15,132
As at 1 June 2024 17,425
5. Investments
Other
£
Cost
As at 1 June 2024 25,000
As at 31 May 2025 25,000
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 25,000
As at 1 June 2024 25,000
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 25,069 1,800
Prepayments and accrued income 13,629 11,445
Other debtors - 640,365
VAT - 4,514
Amounts owed by associates 749,649 -
788,347 658,124
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 49,435 129,825
Corporation tax 63,251 111
Other taxes and social security 7,903 11,264
VAT 26,413 -
Other creditors 220,595 72,945
Accruals and deferred income 713,466 406,603
Amounts owed to associates - 588,574
1,081,063 1,209,322
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 16,171 26,091
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 12 12
Page 5