COMPANY REGISTRATION NUMBER:
15321635
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A Cigar Is Just A Cigar Limited |
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Filleted Financial Statements |
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A Cigar Is Just A Cigar Limited |
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Statement of Financial Position |
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31 December 2025
Current assets
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Stocks |
– |
523,952 |
|
Debtors |
5 |
1,910,602 |
95,472 |
|
Cash at bank and in hand |
366,622 |
80,565 |
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------------ |
--------- |
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2,277,224 |
699,989 |
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Creditors: amounts falling due within one year |
6 |
(
2,247,223) |
(
699,988) |
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--------- |
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Net current assets |
30,001 |
1 |
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-------- |
---- |
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Total assets less current liabilities |
30,001 |
1 |
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-------- |
---- |
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Net assets |
30,001 |
1 |
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-------- |
---- |
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Capital and reserves
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Called up share capital |
1 |
1 |
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Profit and loss account |
30,000 |
– |
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-------- |
---- |
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Shareholder funds |
30,001 |
1 |
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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 income and retained earnings has not been delivered.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
17 September 2026
, and are signed on behalf of the board by:
Company registration number:
15321635
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A Cigar Is Just A Cigar Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 Queen Victoria Street, London, EC4V 4BE, United Kingdom.
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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors intend to close the company down within the next twelve months, therefore the accounts have been prepared on the break up basis. This does not affect the carrying amounts of the assets and liabilities on the statement of financial position.
Comparatives
The accounts cover the year from 1 January 2025 to 31 December 2025. The comparatives cover the period from incorporation on 1 December 2023 through to 31 December 2024, hence the figures are not entirely comparable.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover relates to the production of the television series entitled "Dreaming Whilst Black - Series 2". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities.
4.
Employees
The company has been incorporated to produce a television series called "Dreaming Whilst Black - Series 2". In common with the film and television industry the crew are hired on short term contracts for the duration of principal photography and are self-employed.
None of the Directors received any form of remuneration.
5.
Debtors
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2025 |
2024 |
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£ |
£ |
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Other debtors |
1,910,602 |
95,472 |
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-------- |
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
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£ |
£ |
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Corporation tax |
463,244 |
– |
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Social security and other taxes |
2,981 |
– |
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Production loan |
1,389,731 |
– |
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Other creditors |
391,267 |
699,988 |
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2,247,223 |
699,988 |
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The loan has been secured against the anticipated future Audio Visual expenditure credit.
7.
Contingencies
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Comerica Bank
8.
Summary audit opinion
The auditor's report dated
17 September 2026
was
unqualified
.
The senior statutory auditor was
Stephen Joberns
, for and on behalf of
Moore Kingston Smith LLP
.
9.
Related party transactions
During the period no related-party transactions took place. All transactions related to the production of the television series "Dreaming Whilst Black - Series 2" and arose on an arm's-length basis through the normal course of business. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
10.
Controlling party
The smallest and largest group for which accounts are prepared and in which the results of the company are consolidated is A24 Films LLC. Copies of the group accounts for A24 Films LLC can be obtained from 1245 Broadway, 10th Floor, New York, USA, 10001. The ultimate controlling party at the balance sheet date is A24 Films LLC.