ACCOUNTS - Final Accounts preparation

Registered number: 15700398

PLACEHOLDER FILMS LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2025


PLACEHOLDER FILMS LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


PLACEHOLDER FILMS LTD REGISTERED NUMBER:15700398

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

			2025
	Note		£

Fixed assets
Tangible assets	4		806
Current assets
Debtors: amounts falling due within one year	5	168,664
Current asset investments	6	379,724
Cash at bank and in hand		105,184
		653,572
Current liabilities
Creditors: amounts falling due within one year	7	(972,167)
Net current liabilities			(318,595)
Net liabilities			(317,789)

Capital and reserves
Called up share capital	8	100
Profit and loss account		(317,889)
		(317,789)

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 Period 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 May 2026.

J C Schull

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


PLACEHOLDER FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED FROM 2 MAY 2024 TO 31 MAY 2025

1.	General information

Placeholder Films Limited is a private limited Company incorporated in England and Wales with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD

The principal activity of the Company is investment in film production and provision of finance.

The Company's functional and presentational currency is £ Sterling.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, the validity of which is dependent on the continued support from a shareholder who is also a director. The directors are satisfied that suitable facilities will continue to be made available and the Company will have sufficient funds to meet its liabilities as they fall due. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2


PLACEHOLDER FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED FROM 2 MAY 2024 TO 31 MAY 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

Straightline over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Current asset unlisted investments are stated at the lower of cost and net realisable value.

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

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

2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment.

3.	Employees
	The average monthly number of employees, including directors, during the year was 2.

Page 3


PLACEHOLDER FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED FROM 2 MAY 2024 TO 31 MAY 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost
	Additions	935
	At 31 May 2025	935
	Depreciation
	Charge for the period on owned assets	129
	At 31 May 2025	129
	Net book value
	At 31 May 2025	806

Debtors

					2025
					£


	Loan receivable	168,664

6.	Current asset investments
		2025
		£

	Unlisted investments	379,724

Page 4


PLACEHOLDER FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED FROM 2 MAY 2024 TO 31 MAY 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Payments received on account	15,000
	Trade creditors	3,510
	Other taxation and social security	4,035
	Other creditors	943,483
	Accruals and deferred income	6,139
		972,167

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On incorporation the company issued 100 Ordinary shares of £1 each, to provide for initial working capital.

Page 5