COMPANY REGISTRATION NUMBER:
11629392
|
Filleted Unaudited Accounts |
|
|
Statement of Financial Position |
|
31 July 2025
Current assets
|
Stocks |
390,884 |
111,841 |
|
Debtors |
5 |
192,490 |
229,607 |
|
Cash at bank and in hand |
40,570 |
292,334 |
|
--------- |
--------- |
|
623,944 |
633,782 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
623,844) |
(
633,682) |
|
--------- |
--------- |
|
Net current assets |
100 |
100 |
|
---- |
---- |
|
Total assets less current liabilities |
100 |
100 |
|
---- |
---- |
|
Net assets |
100 |
100 |
|
---- |
---- |
|
|
|
|
Capital and reserves
|
Called up share capital |
7 |
100 |
100 |
|
---- |
---- |
|
Shareholders funds |
100 |
100 |
|
---- |
---- |
|
|
|
|
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 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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year 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
23 July 2026
, and are signed on behalf of the board by:
Company registration number:
11629392
Year ended 31 July 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 42 Glasshouse Street, London, W1B 5DW, 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.
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) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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 "Queen at Sea". 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
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings |
186,458 |
225,000 |
|
VAT recoverable |
|
|
|
Other debtors |
4,327 |
4,327 |
|
--------- |
--------- |
|
192,490 |
229,607 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
1,812 |
14,670 |
|
Accruals and deferred income |
622,032 |
619,012 |
|
--------- |
--------- |
|
623,844 |
633,682 |
|
--------- |
--------- |
|
|
|
The loan has been secured against the anticipated future film tax credit.
7.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Contingencies
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: Compagnie Pour Le Financement Des Loisirs S.A.
9.
Related party transactions
During the year no related-party transactions took place. All transactions related to the production of the film "Queen at Sea" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
10.
Controlling party
In the opinion of the directors the parent undertaking and controlling party is The Bureau Film Company Limited, a company incorporated in England and Wales.