Company Registration No. 10286985 (England and Wales)
Vague Films Limited
Unaudited financial statements
for the period ended 31 December 2025
Pages for filing with the registrar
Vague Films Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Vague Films Limited
Balance sheet
As at 31 December 2025
1
31 December 2025
30 June 2024
Notes
£
£
£
£
Current assets
Debtors
4
-
0
152
Cash at bank and in hand
202
634
202
786
Creditors: amounts falling due within one year
5
(21,106)
(18,315)
Net current liabilities
(20,904)
(17,529)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(20,906)
(17,531)
Total equity
(20,904)
(17,529)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 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 period 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 10 August 2026 and are signed on its behalf by:
Iain Canning
Director
Company Registration No. 10286985
Vague Films Limited
Notes to the financial statements
For the period ended 31 December 2025
2
1
Accounting policies
Company information

Vague Films Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 45 Folgate Street, London, E1 6GL.

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.

1.2
Going concern

The company balance sheet shows net liabilities as at 31 December 2025 of £20,904. The directors have pledged to support the company for 12 months from the date of their approval of these financial statements. Given this support, the directors consider it appropriate to prepare the financial statements on a going concern basis.true

1.3
Reporting period

The current reporting period has been extended to the eighteen month period from 1 July 2024 to 31 December 2025. The previous accounting period was the year to 30 June 2024. This was done in order to bring the reporting period in line with the group reporting period in future years. As a consequence of this change the financial statements are not entirely comparable.

1.4
Cash at bank and in hand

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.

1.5
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 balance sheet 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.

Vague Films Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
1
Accounting policies (continued)
3
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, 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.

1.6
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.

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.

In the directors' opinion there are no critical judgements or key areas of estimation uncertainty in the financial statements.

3
Employees

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

2025
2024
Number
Number
Total
0
0
Vague Films Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
4
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
152
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
900
Other creditors
21,106
17,415
21,106
18,315
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
7
Charges

During the period the following charges apply:

Film4, a division of Channel Four Television Corporation, holds a charge over all sums due or to become due to the company which entitles it to the right, title, interest and benefits in and to the film "The Day Shall Come".

Third Wednesday Films Limited holds a charge over all sums due or to become due to the company which entitles it to the right, title, interest and benefits in and to the film "The Day Shall Come".

Riverstone Pictures (CMP) Limited holds a charge over all sums due or to become due to the company which entitles it to the right, title, interest and benefits in and to the film "The Day Shall Come".

The British Film Institute holds a charge over all sums due or to become due to the company which entitles it to the right, title, interest and benefits in and to the film "The Day Shall Come".

Vague Films Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
5
8
Related party transactions

During the year the company had the following transactions and balances with related parties:

2025
£
Balance due to See-Saw Films Limited as at 1 July 2024
(15,915)
Loans received from See-Saw Films Limited
(3,190)
Balance due to See-Saw Films Limited as at 30 June 2024
(19,105)
9
Control

At the balance sheet date the company was jointly controlled by See-Saw Films Limited (a company registered in England & Wales) and Perp & Co Ltd (a company registered in England & Wales.)

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