COMPANY REGISTRATION NUMBER:
16531020
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Confinement Movie Limited |
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Filleted Unaudited Financial Statements |
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Confinement Movie Limited |
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Statement of Financial Position |
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7 May 2026
Current assets
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Stocks |
1,904,665 |
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Debtors |
5 |
1,113,702 |
|
Cash at bank and in hand |
55,122 |
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------------ |
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3,073,489 |
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|
|
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Creditors: amounts falling due within one year |
6 |
3,066,161 |
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------------ |
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Net current assets |
7,328 |
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------- |
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Total assets less current liabilities |
7,328 |
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------- |
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Net assets |
7,328 |
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------- |
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Capital and reserves
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Called up share capital |
1 |
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Profit and loss account |
7,327 |
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------- |
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Shareholder funds |
7,328 |
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------- |
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These financial statements 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 statement of comprehensive income has not been delivered.
For the Period ending 7 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
5 June 2026
, and are signed on behalf of the board by:
Company registration number:
16531020
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Confinement Movie Limited |
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Notes to the Financial Statements |
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Period from 20 June 2025 to 7 May 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, HA3 0AN, England.
2.
Statement of compliance
These financial statements 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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. The tax currently recoverable is based on relievable losses arising in the period as the result of film tax relief legislation. Relievable losses differ from net profit/loss as reported in the profit and loss account because they include an additional deduction relating to qualifying film development expenditure and exclude items of income or expenses that are taxable or deductible in other periods, as well as items that are never taxable or deductible. The company's tax position is calculated using tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stocks represents films in course of production and are stated at net realisable value.
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. Debt instruments are subsequently measured at amortised cost.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are 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.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Independent film tax credit
The key accounting estimate within the financial statements for this company is the valuation of the tax credit available. The estimate is based on the assessment of the value of qualifying expenditure as per HMRC legislations and guidance plus assessment of the qualification of the underlying production as eligible for the tax relief.
In the directors opinion, there were no other critical judgements or other estimation uncertainties in these financial statements.
4.
Tax on profit
Major components of tax expense
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Period from |
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20 Jun 25 to |
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7 May 26 |
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£ |
|
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Current tax:
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UK current tax expense |
270,986 |
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--------- |
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Tax on profit |
270,986 |
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--------- |
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Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the Period is higher than the
standard rate of corporation tax in the UK
of
25
%.
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Period from |
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20 Jun 25 to |
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7 May 26 |
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£ |
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Profit on ordinary activities before taxation |
278,313 |
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--------- |
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Other tax adjustment to increase/(decrease) tax liability - Other operating income |
270,986 |
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5.
Debtors
|
7 May 26 |
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£ |
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Corporation tax repayable |
812,957 |
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Other debtors |
300,745 |
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1,113,702 |
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6.
Creditors:
amounts falling due within one year
|
7 May 26 |
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£ |
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Trade creditors |
120,147 |
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Accruals |
327,167 |
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Production advances SP media group confinement |
2,618,847 |
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3,066,161 |
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