General Information
White Lotus Films Limited is a private company, limited by shares, registered in England and Wales, registration number 13914926, registration address 23 Guernsey Place, Three Mile Cross, Reading, RG7 1FZ. The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The Company produced the British qualifying film titled as "Babushona" (the Film). The turnover recognised by the Company relates only to this Film.
Cost of sales
Production cost of the Film is recognised in the profit & loss account as cost of sales on delivery of the film to the acquirer.
Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. The tax credit claimed relates to the Film. Deferred tax assets based on timing differences is not applicable in respect of this Company's claim for film tax credits.
Work in progress
Stocks is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance production cost of the Film at the last year balance sheet date was carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the Film. In the current year, work in progress transferred to cost of sales.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Work in progress
|
2025
£ |
|
2024
£ |
| Work in Progress |
0 |
|
1,227,720 |
|
0 |
|
1,227,720 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
0 |
|
169,000 |
| Other Debtors |
38,080 |
|
0 |
| VAT |
0 |
|
36,102 |
|
38,080 |
|
205,102 |
|
| 4. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
0 |
|
19,000 |
| Other Debtors |
1 |
|
1 |
|
1 |
|
19,001 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
0 |
|
156,003 |
| Accrued Expenses |
155,400 |
|
0 |
| Other Creditors |
0 |
|
60,200 |
|
155,400 |
|
216,203 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
6,065 |
|
26,565 |
| Other Creditors |
0 |
|
1,215,774 |
|
6,065 |
|
1,242,339 |
|
| 7. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Dream Movies Limited | 0 | | 0 | | 38,080 | | 0 |
As on the balance sheet date 31.12.2025 the below amounts owed to its related Parties included in Other Debtors :
1. Dream Movies Limited - £38,080 |
3
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