ACCOUNTS - Final Accounts preparation

Registered number: 14470661

KIMBERLITE PRODUCTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

KIMBERLITE PRODUCTIONS LIMITED

REGISTERED NUMBER: 14470661

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	66,282		293,619
Cash at bank and in hand	5	411		169,173
		66,693		462,792
Creditors: amounts falling due within one year	6	(161,825)		(557,939)
Net current liabilities			(95,132)		(95,147)
Total assets less current liabilities			(95,132)		(95,147)

Net liabilities			(95,132)		(95,147)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(95,133)	(95,148)
	(95,132)	(95,147)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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KIMBERLITE PRODUCTIONS LIMITED

REGISTERED NUMBER: 14470661

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2026.

N Blair

Director

The notes on pages 3 to 6 form part of these financial statements.

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KIMBERLITE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Kimberlite Productions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE.
The comparative period covers the period from 01 February 2024 to 31 March 2025.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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KIMBERLITE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.3

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and
services provided in the normal course of business, and is shown net of VAT and other sales related
taxes. The fair value of consideration takes into account trade discounts, settlement discounts and
volume rebates.
For commissioned TV programmes, turnover and attributable profit associated with the rendering of
television production services are recognised on an episodic basis once delivery of the production to
the broadcaster occurs.
Both under and overspends are accounted for once known and are recognised in accordance with
the episodic delivery pattern.
Provision is made for any loss making contracts as soon as identified (i.e. expected overspend is in
excess of the originally anticipated margin).
Revenues on programmes distributed by third parties and other ancillary revenue are recognised
once the company has been notified of sums due to it.
In the case of fixed-price contracts, the customer pays the contracted amount based on a payment
schedule. If the services rendered exceed the payment, a contract asset is recognised. If the
payment exceeds the services rendered, a contract liability is recognised.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on TV production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

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KIMBERLITE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 4).

Debtors

					2026	2025
					£	£


Other debtors	66,282	7,407
Tax recoverable	-	286,212
	66,282	293,619

5.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	411	169,173
Less: bank overdrafts	-	(289)
	411	168,884

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KIMBERLITE PRODUCTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank overdrafts	-	289
Trade creditors	-	7,892
Amounts owed to group undertakings	118,148	214,271
Other creditors	-	65,972
Accruals and deferred income	43,677	269,515
	161,825	557,939

Amounts due to group undertakings were provided interest free and are repayable on demand.

7.	Controlling party

The immediate parent undertaking is Snowed-In Productions Limited. The ultimate controlling party is N Blair.

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