COMPANY REGISTRATION NUMBER:
14389479
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Tree On The Hill Films Limited |
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Filleted Financial Statements |
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Tree On The Hill Films Limited |
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|
Statement of Financial Position |
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30 September 2025
Current assets
|
Debtors |
6 |
22,834 |
322,052 |
|
Cash at bank and in hand |
87,893 |
220,312 |
|
--------- |
--------- |
|
110,727 |
542,364 |
|
|
|
|
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Creditors: amounts falling due within one year |
7 |
(
110,726) |
(
542,363) |
|
--------- |
--------- |
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Net current assets |
1 |
1 |
|
---- |
---- |
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Total assets less current liabilities |
1 |
1 |
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---- |
---- |
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Net assets |
1 |
1 |
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---- |
---- |
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|
|
|
Capital and reserves
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Called up share capital |
8 |
1 |
1 |
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---- |
---- |
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Shareholders funds |
1 |
1 |
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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 income and retained earnings has not been delivered.
The directors acknowledge their 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 were approved by the
board of directors
and authorised for issue on
16 June 2026
, and are signed on behalf of the board by:
Company registration number:
14389479
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Tree On The Hill Films Limited |
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Notes to the Financial Statements |
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Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tinopolis Centre, Park Street, Llanelli, Carmarthenshire, SA15 3YE, United Kingdom. The company registration number is
14389479
.
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.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue recognition" below.
Comparatives
The accounts cover the year from 1 October 2024 to 30 September 2025. The comparatives cover the period from 1 August 2023 to 30 September 2024, hence the figures are not entirely comparable.
The previous accounting period was extended to ensure that the accounting period and tax credit claim was conterminous.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover relates to the production of the television series entitled "Tree on a Hill/Pren ar y Bryn". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employees
The company has been incorporated to produce a high-end television series called "Tree on a Hill/Pren ar y Bryn". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5.
Tax on loss
Major components of tax income
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Period from |
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Year to |
1 Aug 23 to |
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30 Sep 25 |
30 Sep 24 |
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£ |
£ |
|
|
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Current tax:
|
UK current tax income |
– |
(
313,427) |
|
---- |
--------- |
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Tax on loss |
– |
(
313,427) |
|
---- |
--------- |
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Reconciliation of tax income
The tax assessed on the loss on ordinary activities for the year is the same as (2024: lower than) the
standard rate of corporation tax in the UK
of
19
% (2024:
19
%).
|
|
Period from |
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Year to |
1 Aug 23 to |
|
30 Sep 25 |
30 Sep 24 |
|
£ |
£ |
|
Loss on ordinary activities before taxation |
– |
(
313,427) |
|
---- |
--------- |
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High-end television tax relief |
– |
(313,427) |
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---- |
--------- |
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6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
VAT recoverable |
22,833 |
8,624 |
|
Corporation tax recoverable |
– |
313,427
|
|
Other debtors |
1 |
1 |
|
-------- |
--------- |
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22,834 |
322,052 |
|
-------- |
--------- |
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|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
78,263 |
23,011 |
|
Accruals and deferred income |
32,463 |
205,925 |
|
Production loan |
– |
313,427
|
|
--------- |
--------- |
|
110,726 |
542,363 |
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--------- |
--------- |
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The loan has been secured against the anticipated future high-end television tax credit.
8.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
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No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
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---- |
---- |
---- |
---- |
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9.
Summary audit opinion
The auditor's report dated
16 June 2026
was
unqualified
.
The senior statutory auditor was
Stephen Joberns
, for and on behalf of
Moore Kingston Smith LLP
.
10.
Related party transactions
During the period no related-party transactions took place. All transactions related to the production of the television series "Tree on a Hill/Pren ar y Bryn" and arose on an arm's length basis through the normal course of business. The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.
11.
Controlling party
In the opinion of the directors the immediate parent undertaking is Fiction Factory Limited, a company incorporated in England and Wales. The largest group in which the results of the company are consolidated is that headed by Tinopolis Group Limited. The consolidated financial statements of these group accounts are available to the public and can be obtained from Tinpolis Centre, Park Street, Llanelli, Carmarthenshire, SA15 3YE. Tinopolis Group Limited is a company incorporated in England and Wales on 23 November 2020.