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Registered number: 09128330
Promise Pictures Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
THB LLP
1 & 2 Studley Court Mews Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09128330
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,029 29,867
30,029 29,867
CURRENT ASSETS
Debtors 5 15,933 25,261
Cash at bank and in hand 19,382 35,594
35,315 60,855
Creditors: Amounts Falling Due Within One Year 6 (63,711 ) (89,668 )
NET CURRENT ASSETS (LIABILITIES) (28,396 ) (28,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,633 1,054
Creditors: Amounts Falling Due After More Than One Year 7 - (500 )
NET ASSETS 1,633 554
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,632 553
SHAREHOLDERS' FUNDS 1,633 554
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For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joshua Hyams
Director
26/06/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Promise Pictures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09128330 . The registered office is 1&2 Studley Court Mews Studley Court, Chobham, Woking, Surrey, GU24 8EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight Line
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 22,000 3,831 2,538 20,302 48,671
Additions - - 2,087 2,647 4,734
As at 31 July 2025 22,000 3,831 4,625 22,949 53,405
Depreciation
As at 1 August 2024 1,320 2,803 2,079 12,602 18,804
Provided during the period 440 257 414 3,461 4,572
As at 31 July 2025 1,760 3,060 2,493 16,063 23,376
Net Book Value
As at 31 July 2025 20,240 771 2,132 6,886 30,029
As at 1 August 2024 20,680 1,028 459 7,700 29,867
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 15,933 25,261
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 527 2,693
Other loans 562 600
Other creditors 3,056 42,391
Taxation and social security 59,566 43,984
63,711 89,668
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans - 500
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr Joshua Hyams 25,261 9,299 14,680 - 15,499
The above loan is unsecured, interest free and repayable on demand.
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