COMPANY REGISTRATION NUMBER:
15987825
|
Filleted Unaudited Accounts |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Creditors: amounts falling due within one year |
6 |
831,681 |
|
--------- |
|
Net current liabilities |
363,324 |
|
--------- |
|
Total assets less current liabilities |
(
363,324) |
|
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
100 |
|
Profit and loss account |
(
363,424) |
|
--------- |
|
Shareholders deficit |
(
363,324) |
|
--------- |
|
|
These accounts 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 31 March 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 period in question in accordance with section 476
;
-
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 were approved by the
board of directors
and authorised for issue on
19 June 2026
, and are signed on behalf of the board by:
Company registration number:
15987825
Period from 30 September 2024 to 31 March 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 C/O Altitude Film Distribution Ltd, Somerset House, Strand, London, England, WC2R 1LA, United Kingdom.
2.
Statement of compliance
These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have undertaken a rigorous assessment of whether the company was a going concern when the accounts were prepared, considering all available information about the future, covering a period of more than 12 months from the date of approval of the accounts. With the support of the parent company, directors consider it appropriate to prepare the accounts on a Going Concern basis.
Period end and comparative information
The company was incorporated in the period, on 30 September 2024, and on this basis no comparative information is presented.
The reporting period has been shortened to reflect period to 31 March 2025 for management reporting purposes to align with the year end of the parent entity Altitude Film Entertainment Limited.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employees and staff
The average number of employees during the period was nil.
5.
Debtors
|
31 Mar 25 |
|
£ |
|
Other debtors |
468,357 |
|
--------- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
|
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
831,681 |
|
--------- |
|
|
7.
Controlling party
The company was under the control of
Altitude Film Entertainment Limited
, a company incorporated in England and Wales, throughout the current period. In the opinion of the directors, the ultimate controlling party is W J Clarke.