Company Registration No. 06474975 (England and Wales)
Hamster's Wheel Productions Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Hamster's Wheel Productions Limited
Contents
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3 - 8
Hamster's Wheel Productions Limited
Directors' report
For the year ended 31 March 2025
1

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities
The principal activity of the company continued to be that of television production and the provision of related media services.
Directors

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

Richard Hammond
Amanda Hammond
Basis other than going concern

The director s intend to liquidate the company within 12 months of approving the financial statements.

The accounts have therefore been prepared on a basis other than going concern and all balance sheet items are stated on a break up basis.

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
Richard Hammond
Director
23 July 2026
Hamster's Wheel Productions Limited
Statement of financial position
As at 31 March 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,421
64,327
Investments
4
1
1
28,422
64,328
Current assets
Debtors
5
1,612,693
1,840,438
Cash at bank and in hand
2,619,495
2,704,603
4,232,188
4,545,041
Creditors: amounts falling due within one year
6
(240,909)
(356,381)
Net current assets
3,991,279
4,188,660
Net assets
4,019,701
4,252,988
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
4,019,699
4,252,986
Total equity
4,019,701
4,252,988

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 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 year in question in accordance with section 476.

These financial statements have been prepared and delivered 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:
Amanda Hammond
Director
Company Registration No. 06474975
Hamster's Wheel Productions Limited
Notes to the financial statements
For the year ended 31 March 2025
3
1
Accounting policies
Company information

Hamster's Wheel Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE.

1.1
Accounting convention

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The director s intend to liquidate the company within 12 months of approving the financial statements.

The accounts have therefore been prepared on a basis other than going concern and all balance sheet items are stated on a break up basis.

1.3
Turnover

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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over 50 years
Fixtures, fitting & equipment
Straight line over 4 years
Computer equipment
Straight line over 4 years
Motor vehicles
Straight line over 4 years
Plant & machinery
Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Hamster's Wheel Productions Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit o r loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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.

Hamster's Wheel Productions Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

1.9
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.

1.10
Taxation

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

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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Hamster's Wheel Productions Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
32,249
331,349
363,598
Additions
-
0
4,290
4,290
Disposals
-
0
(82,265)
(82,265)
At 31 March 2025
32,249
253,374
285,623
Depreciation and impairment
At 1 April 2024
1,289
297,982
299,271
Depreciation charged in the year
30,960
9,236
40,196
Eliminated in respect of disposals
-
0
(82,265)
(82,265)
At 31 March 2025
32,249
224,953
257,202
Carrying amount
At 31 March 2025
-
0
28,421
28,421
At 31 March 2024
30,960
33,367
64,327
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
Hamster's Wheel Productions Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
7
5
Debtors
2025
2024
Amounts falling due within one year:
Notes
£
£
Trade debtors
93,137
-
0
Corporation tax recoverable
30,126
-
0
Amounts owed by group undertakings
7
523,676
496,076
Provision against amounts owed by group undertakings
7
(523,676)
Other debtors
1,489,430
1,344,362
1,612,693
1,840,438
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,112
-
0
Trade creditors
158,527
64,156
Corporation tax
-
0
199,106
Other taxation and social security
10,196
86,750
Other creditors
70,074
6,369
240,909
356,381
Hamster's Wheel Productions Limited
Notes to the financial statements
For the year ended 31 March 2025
8
7
Related party transactions

At the year end the company was owed £523,676 (2024: £496,076) by its subsidiary undertaking Bollitree Castle Estate Limited. Post year end, a decision was made to write the loan off as irrecoverable. As the accounts are prepared on a basis other than going concern, and hence assets are stated at their recoverable amount, this balance has been provisioned against in full.

At the year end the company owed £47,901 to directors. At the previous year end the company was owed £93,182 from the directors. The loans are interest free and carry no fixed terms of repayment.

At the year end the company was also owed £592,651 (2024: £505,651) by The Smallest Cog Limited and £727,695 (2024: £730,662) by Chimp Productions Limited whom have directors in common with the company.

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