COMPANY REGISTRATION NUMBER:
15346605
|
Switzerland Rights Limited |
|
|
Filleted Unaudited Financial Statements |
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|
Switzerland Rights Limited |
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Statement of Financial Position |
|
30 April 2026
Fixed assets
Current assets
|
Stocks |
5,295,000 |
10,871,367 |
|
Debtors |
5 |
4,995,532 |
769,836 |
|
Cash at bank and in hand |
114,525 |
1,006,172 |
|
------------- |
------------- |
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10,405,057 |
12,647,375 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
10,406,187 |
12,704,156 |
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------------- |
------------- |
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Net current liabilities |
1,130 |
56,781 |
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------- |
-------- |
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Total assets less current liabilities |
(
1,129) |
(
56,780) |
|
------- |
-------- |
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Net liabilities |
(
1,129) |
(
56,780) |
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------- |
-------- |
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|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
(
1,131) |
(
56,782) |
|
------- |
-------- |
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Shareholders deficit |
(
1,129) |
(
56,780) |
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------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Switzerland Rights Limited |
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Statement of Financial Position (continued) |
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30 April 2026
These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2026
, and are signed on behalf of the board by:
Company registration number:
15346605
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Switzerland Rights Limited |
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Notes to the Financial Statements |
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Year ended 30 April 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, HA3 0AN, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stock relates to production costs incurred on the production of the film during the period. The costs are recorded at the lower of costs and net realisable value, and are net of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Investments
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Shares in group undertaking |
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£ |
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Cost |
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At 1 May 2025 and 30 April 2026 |
1 |
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---- |
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Impairment |
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At 1 May 2025 and 30 April 2026 |
– |
|
---- |
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|
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Carrying amount |
|
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At 30 April 2026 |
1 |
|
---- |
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At 30 April 2025 |
1 |
|
---- |
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5.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Trade debtors |
4,835,920 |
769,834 |
|
Other debtors |
159,612 |
2 |
|
------------ |
--------- |
|
4,995,532 |
769,836 |
|
------------ |
--------- |
|
|
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6.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Social security and other taxes |
– |
114,850 |
|
Other creditors |
10,406,187 |
12,589,306 |
|
------------- |
------------- |
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10,406,187 |
12,704,156 |
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------------- |
------------- |
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Included in other creditors are production advances of £10,405,537. The repayment of these advances are only payable from future income earned from exploitation of the film "Switzerland".
7.
Contingencies
Charges have been made against the company's assets including rights, title and interest to the film, in favour of the following who have advanced funds to finance the film production costs. The Last Ripley LLC Head Gear Films Fn Ltd Carolyn Marks Blackwood Furthermore, no interest is accrued on two loans as these are only repayable out of the exploitation income of the film.