Company Registration No. 11948867 (England and Wales)
GS TV Productions Limited
Annual report and unaudited financial statements
for the period ended 30 December 2024
GS TV Productions Limited
Company information
Directors
Jonathan Moore
Leo Pearlman
David Peet
Company number
11948867
Registered office
1 Esther Anne Place
London
United Kingdom
N1 1UL
Accountants
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
GS TV Productions Limited
Contents
Page
Directors' report
1
Directors' responsibilities statement
2
Income statement
3
Statement of financial position
4
Statement of changes in equity
5
Notes to the financial statements
6 - 10
GS TV Productions Limited
Directors' report
For the period ended 30 December 2024
1

The directors present their annual report and financial statements for the period ended 30 December 2024.

Principal activities

The principal activity of the company continued to be that of film and television production.

Results and dividends

The results for the p eriod are set out on page 3.

Ordinary dividends were paid amounting to £nil (year ended 31 July 2023: £nil). The directors do not

recommend payment of a final dividend (year ended 31 July 2023: £nil).

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Jonathan Moore
Leo Pearlman
David Peet
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Jonathan Moore
Director
22 July 2026
GS TV Productions Limited
Directors' responsibilities statement
For the period ended 30 December 2024
2

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

GS TV Productions Limited
Income statement
For the period ended 30 December 2024
3
Period
Year
ended
ended
30 December
31 July
2024
2023
£
£
Turnover
54,000
21,600
Cost of sales
(42,000)
(48,150)
Gross profit/(loss)
12,000
(26,550)
Administrative expenses
(3,708)
(3,140)
Profit/(loss) before taxation
8,292
(29,690)
Tax on profit/(loss)
-
0
-
0
Profit/(loss) for the financial period
8,292
(29,690)

GS TV Productions Limited
Statement of financial position
As at 30 December 2024
4
30 December 2024
31 July 2023
Notes
£
£
£
£
Current assets
Debtors
5
21,600
39,011
Cash at bank and in hand
23,315
6,392
44,915
45,403
Creditors: amounts falling due within one year
6
(44,715)
(47,625)
Net current assets/(liabilities)
200
(2,222)
Deferred income
-
0
(5,870)
Net assets/(liabilities)
200
(8,092)
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
198
(8,094)
Total equity
200
(8,092)

For the financial period ended 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 22 July 2026 and are signed on its behalf by:
Jonathan Moore
Director
Company Registration No. 11948867
GS TV Productions Limited
Statement of changes in equity
For the period ended 30 December 2024
5
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 August 2022
2
21,596
21,598
Year ended 31 July 2023:
Loss and total comprehensive income
-
(29,690)
(29,690)
Balance at 31 July 2023
2
(8,094)
(8,092)
Period ended 30 December 2024:
Profit and total comprehensive income
-
8,292
8,292
Balance at 30 December 2024
2
198
200
GS TV Productions Limited
Notes to the financial statements
For the period ended 30 December 2024
6
1
Accounting policies
Company information

GS TV Productions Limited is a private company limited by shares incorporated in England and Wales. The

registered office is 1 Esther Anne Place, London, N1 1UL.

1.1
Reporting period

The financial statements are prepared for the period 1 August 2023 to 30 December 2024, a period of 17

months, which is longer than a year. The period was lengthened to align with the reporting period of the

wider group.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover
In respect of long term contracts for ongoing services, turnover represents the value of work done in the period, including estimates for amounts not invoiced. Value of work done in respect of long term contracts and contracts for ongoing services is determined by reference to the stage of completion.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

GS TV Productions Limited
Notes to the financial statements (continued)
For the period ended 30 December 2024
1
Accounting policies (continued)
7
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

GS TV Productions Limited
Notes to the financial statements (continued)
For the period ended 30 December 2024
1
Accounting policies (continued)
8
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of employees, including directors, during the period was 3 (year ended 31 July 2023: £3).

4
Directors' remuneration
In the period to 30 December 2024, 2 directors were remunerated by a fellow group company of the shareholder Fulwell 73 UK Limited, Fulwell 73 Limited (year ended 31 July 2023: 2), and 1 director was remunerated by Tidy Productions Limited (year ended 31 July 2023: 1), a shareholder of the Company. These directors received no remuneration in respect of their qualifying services to the Company (year ended 31 July 2023: £nil).
GS TV Productions Limited
Notes to the financial statements (continued)
For the period ended 30 December 2024
9
5
Debtors
30 December
31 July
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
39,010
Other debtors
21,600
1
21,600
39,011
Amounts owed by group undertakings represent intercompany trading, has no associated interest and is repayable on demand.
6
Creditors: amounts falling due within one year
30 December
31 July
2024
2023
£
£
Amounts owed to group undertakings
7,935
45,945
Other taxation and social security
8,160
1,680
Accruals and deferred income
7,620
5,870
Other creditors
21,000
-
0
44,715
53,495
Amounts owed to group undertakings represent intercompany trading, has no associated interest and is payable on demand.
7
Called up share capital
30 December
31 July
30 December
31 July
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
GS TV Productions Limited
Notes to the financial statements (continued)
For the period ended 30 December 2024
10
8
Related party transactions

During the period the company made purchases of £21,000 (2023: £10,800) from Tidy Productions Limited, a shareholder in the Company.

At the period end £nil (2023: £39,010) was owed by Fulwell 73 UK Limited, a shareholder in the

Company.

During the period the Company made purchases of £21,000 (2023: £10,800) from Fulwell 73 Limited,

a subsidiary of one of the shareholders of the Company. At the period end, an amount of £7,935 (2023: £45,945) is payable to Fulwell 73 Limited and is included within the amounts owed to group undertakings balance.

9
Controlling party

The company is jointly owned by Fulwell 73 UK Limited and Tidy Productions Limited, who each own 50% of the 2 ordinary shares in issue. As no single party has control over the company, there is no ultimate controlling party.

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