0 false false false false false false false false false false true false false false false false false No description of principal activity 2025-04-01 Sage Accounts Production Advanced 2025 - FRS102_2025 xbrli:pure xbrli:shares iso4217:GBP 12116436 2025-04-01 2026-03-10 12116436 2026-03-10 12116436 2025-03-31 12116436 2024-08-01 2025-03-31 12116436 2025-03-31 12116436 2024-07-31 12116436 bus:OrdinaryShareClass1 2025-04-01 2026-03-10 12116436 bus:Director3 2025-04-01 2026-03-10 12116436 core:WithinOneYear 2026-03-10 12116436 core:WithinOneYear 2025-03-31 12116436 core:ShareCapital 2026-03-10 12116436 core:ShareCapital 2025-03-31 12116436 core:RetainedEarningsAccumulatedLosses 2026-03-10 12116436 core:RetainedEarningsAccumulatedLosses 2025-03-31 12116436 bus:Director1 2025-04-01 2026-03-10 12116436 bus:SmallEntities 2025-04-01 2026-03-10 12116436 bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-10 12116436 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-10 12116436 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-10 12116436 bus:FullAccounts 2025-04-01 2026-03-10 12116436 bus:OrdinaryShareClass1 2026-03-10 12116436 bus:OrdinaryShareClass1 2025-03-31 12116436 core:OtherRelatedParties 2025-04-01 2026-03-10 12116436 1 2025-04-01 2026-03-10
COMPANY REGISTRATION NUMBER: 12116436

Custard Productions Ltd

Filleted Unaudited Accounts

10 March 2026

Custard Productions Ltd

Statement of Financial Position

10 March 2026

| 10 Mar 26 | 31 Mar 25
Note | £ | £

Current assets

Debtors | 5 | 215,841 | 1,005,843
Cash at bank and in hand | 7,484 | 239,022
| --------- | ------------
| 223,325 | 1,244,865

Creditors: amounts falling due within one year | 6 | ( 224,029) | ( 1,245,569)
| --------- | ------------
Net current liabilities | ( 704) | ( 704)
| ---- | ----
Total assets less current liabilities | ( 704) | ( 704)
| ---- | ----
Net liabilities | ( 704) | ( 704)
| ---- | ----

Capital and reserves

Called up share capital | 7 | 1 | 1
Profit and loss account | ( 705) | ( 705)
| ---- | ----
Shareholders deficit | ( 704) | ( 704)
| ---- | ----

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 income and retained earnings has not been delivered.
For the period ending 10 March 2026 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 13 July 2026 , and are signed on behalf of the board by:

T P C Hawkins
Director

Company registration number: 12116436

Custard Productions Ltd

Notes to the Accounts

Period from 1 April 2025 to 10 March 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 Fifth Floor, Clareville House, 26-27 Oxendon Street, St James', London, SW1Y 4EL, England.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 film, as noted in "Revenue Recognition" below.
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) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company.
Revenue recognition
Turnover relates to the production of the film entitled "Animol". 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 film called "Animol". 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. Debtors

| 10 Mar 26 | 31 Mar 25
| £ | £
Trade debtors | 6,000 | –
VAT recoverable | 23,143 | 61,465
Corporation tax recoverable | 168,091 | 847,962
Other debtors | 18,607 | 96,416
| --------- | ------------
| 215,841 | 1,005,843
| --------- | ------------

6. Creditors: amounts falling due within one year

| 10 Mar 26 | 31 Mar 25
| £ | £
Trade creditors | 59,070 | 72,513
Accruals and deferred income | 70,607 | 298,459
Corporation tax | 42,023 | 211,990
Production loan | 51,624 | 658,611
Other creditors | 705 | 3,996
| --------- | ------------
| 224,029 | 1,245,569
| --------- | ------------

The loan has been secured against the anticipated future Independent Film Tax Credit.
7. Called up share capital
Issued, called up and fully paid

| 10 Mar 26 | 31 Mar 25
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1 | 1 | 1 | 1
| ---- | ---- | ---- | ----

8. Contingent liabilities
Charges have been made against the film in favour of the following parties to secure their interests in the copyright of and title to the film: Coutts & Company Film4, a division of Channel Four Television Corporation The British Film Institute Paterson James Limited Sky UK Limited
9. Related party transactions
All transactions related to the production of the film "Animol" and arose on an arm's-length basis through the normal course of business.
10. Controlling party
The company was under the control of A Gharoro-Akpojotor throughout the period.