Registration number: 07026789

Fredo Films Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Financial Statements	4 to 8

Fredo Films Limited

Company Information

Director

C Smith

Company secretary

R Berkeley-Hill

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Fredo Films Limited

Statement of Financial Position as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	586	1,394
Current assets
Debtors	5	354,976	159,495
Cash at bank and in hand		(932)	1
		354,044	159,496
Creditors: Amounts falling due within one year	6	(490,865)	(212,556)
Net current liabilities		(136,821)	(53,060)
Total assets less current liabilities		(136,235)	(51,666)
Creditors: Amounts falling due after more than one year	6	(16,841)	(25,976)
Net liabilities		(153,076)	(77,642)
Capital and reserves
Called up share capital		100	100
Retained earnings		(153,176)	(77,742)
Shareholders' deficit		(153,076)	(77,642)

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Fredo Films Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Fredo Films Limited

Statement of Financial Position as at 30 November 2025

Approved and authorised by the director on 28 August 2026
 

.........................................

C Smith

Director

Company registration number: 07026789

Fredo Films Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of services to the entertainment industry.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 30 November 2025 and had net liabilities of £153,466 at that date.

The company's services have remained in demand subsequent to 30 November 2025 and the director is confident the company will return to profitably. The director has introduced funds subsequent to 30 November 2025 to ensure the company retains sufficient working capital to meet its liabilities as they fall due.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises turnover from services over the period in which the work is undertaken. Royalties are recognised in the period in which they are earned over.

Fredo Films Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, Fittings and Equipment	33.3% straight line
Motor Vehicles	33.3% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fredo Films Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	7,841	599	8,440
Additions	867	-	867
Disposals	(1,057)	-	(1,057)
At 30 November 2025	7,651	599	8,250
Depreciation
At 1 December 2024	6,447	599	7,046
Charge for the year	1,675	-	1,675
Eliminated on disposal	(1,057)	-	(1,057)
At 30 November 2025	7,065	599	7,664
Carrying amount
At 30 November 2025	586	-	586
At 30 November 2024	1,394	-	1,394

Fredo Films Limited

Notes to the Financial Statements for the Year Ended 30 November 2025

5

Debtors

	2025 £	2024 £
Other debtors	354,976	159,495
	354,976	159,495

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	7	334,232	42,496
Trade creditors		43,140	13,800
Taxation and social security		94,590	115,768
Accruals and deferred income		18,405	40,488
Other creditors		498	4
		490,865	212,556