Registration number: 09068850

Three River Fiction Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 6

Three River Fiction Limited

Company Information

Directors

S Maher J J W Drake

Registered office

24 Lady Place Sutton Courtenay Abingdon OX14 4FB

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Three River Fiction Limited

Statement of Financial Position as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	458	687
Current assets
Debtors	6	45,518	37,181
Cash at bank and in hand		2,857	11,030
		48,375	48,211
Creditors: Amounts falling due within one year	7	(69,377)	(179,162)
Net current liabilities		(21,002)	(130,951)
Net liabilities		(20,544)	(130,264)
Capital and reserves
Called up share capital		200	200
Retained earnings		(20,744)	(130,464)
Shareholders' deficit		(20,544)	(130,264)

For the financial 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.

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 Three River Fiction 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.

Approved and authorised by the Board on 29 May 2026 and signed on its behalf by:
 

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

J J W Drake

Director

Company registration number: 09068850

Three River Fiction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
24 Lady Place
Sutton Courtenay
Abingdon
OX14 4FB

The principal activity of the company is that of the production and distribution of television programmes.

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 May 2025 but had a deficiency of net assets at that date amounting to £20,544. At that date an amount of £42,203 was due to group undertakings who have confirmed they will not call for payment until such time as the company has sufficient working capital.

The company retains rights to previous productions and the directors' view is that these will generate future profits for the company. The latest management accounts show that the company has traded profitably after 31 May 2025.

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 in the period to which the services relate. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises turnover from production and distribution of television programmes based upon the contractual stage of completion once the company has an unconditional right to economic benefit.

Three River Fiction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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 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.

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
Fixtures and fittings	25% straight line

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.

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.

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 1 (2024 - 1).

Three River Fiction Limited

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

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	229	229

5	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 June 2024	1,642	1,642
At 31 May 2025	1,642	1,642
Depreciation
At 1 June 2024	955	955
Charge for the year	229	229
At 31 May 2025	1,184	1,184
Carrying amount
At 31 May 2025	458	458
At 31 May 2024	687	687

6

Debtors

	2025 £	2024 £
Trade debtors	3,000	3,000
Amounts owed by group undertakings	33,649	27,247
Other debtors	8,869	6,934
	45,518	37,181

Three River Fiction Limited

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

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	19,594	(997)
Amounts owed to group undertakings	42,203	167,648
Taxation and social security	2,615	2,497
Other creditors	4,965	10,014
	69,377	179,162

8	Transactions with directors

At 31 May 2025 an amount of £5,000 (2024: £5,000) was due from a director. No interest is payable to the company (2024: £Nil) and there are no agreed terms.

9	Film and Television Rights

At 31 May 2025 the company held rights to multiple ongoing revenue streams for completed film and television projects. The director believes that the net present value of associated future cash flows is £155,017 (2024: £193,771). As required by FRS102, this amount is not reflected on the Statement of Financial Position.

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