REGISTERED NUMBER: 15034311 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

River Cruise Films UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Phillips

M W Vennis

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

United Kingdom

S11 9PA

REGISTERED NUMBER:

15034311 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

CURRENT ASSETS

Stocks

4

-

702,373

Debtors

5

1,968

35,468

Cash at bank

33,661

3,767

35,629

741,608

CREDITORS

Amounts falling due within one year

6

910,508

741,508

NET CURRENT (LIABILITIES)/ASSETS

(874,879

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(874,879

)

100

RESERVES

Share premium

100

100

Retained earnings

(874,979

)

-

(874,879

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2026 and were signed on its behalf by:

M W Vennis - Director

1.	STATUTORY INFORMATION

River Cruise Films UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress relates to production and development costs incurred and is valued on the basis of direct costs plus attributable overheads, based upon normal levels of activity less any tax credit element of the undelivered episodes. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work progress.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

On delivery of the episode all amounts held in Work in progress are taken to the Profit and Loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employees

The company has been incorporated to co-produce a High-End TV series called "River Cruise Romance" (new title ''Love On The Danube''). In common with the film and television industry the majority of cast and 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

Interest income

Interest income is recognised when it probable that the economic benefits will flow to the company and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

STOCKS

31.7.25

31.7.24

£

£

Work-in-progress

-

702,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other debtors

1,905

100

VAT

63

35,368

1,968

35,468

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

9,870

9,944

Other creditors

898,738

729,664

Accrued expenses

1,900

1,900

910,508

741,508

7.	RELATED PARTY TRANSACTIONS

During the period no related-party transactions took place. All transactions related to the production of the High-End TV series "River Cruise Romance" (new title ''Love On The Danube'') 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.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are considered to be Mark Vennis and Gary Phillips by virtue of their shareholding.