| OLD CASTLE PRODUCTIONS LIMITED |
| Registered number: |
15848686 |
| Balance Sheet |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
| £ |
|
| Current assets |
| Debtors |
3 |
|
1,260,148 |
| Cash at bank and in hand |
|
|
17,500 |
|
|
|
1,277,648 |
|
|
|
| Creditors: amounts falling due within one year |
4 |
|
(1,257,647) |
|
| Net current assets |
|
|
|
20,001 |
|
|
| Net assets |
|
|
|
20,001 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
| Profit and loss account |
|
|
|
20,000 |
|
| Shareholders' funds |
|
|
|
20,001 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Manjot Singh Bajwa |
| Director |
| Approved by the board on 15 September 2026 |
|
| OLD CASTLE PRODUCTIONS LIMITED |
| Notes to the Accounts |
| for the period from 19 July 2024 to 31 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 "Love Guru" (the Film). All of the tunrover 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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
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. |
|
|
Foreign currency translation |
|
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. |
|
|
| 2 |
Employees |
2025 |
|
| Number |
|
|
|
Average number of persons employed by the company |
4 |
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
| £ |
|
|
|
Trade debtors |
828,418 |
|
VAT receivable |
21,482 |
|
Other debtors |
410,248 |
|
|
|
|
|
|
1,260,148 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
| £ |
|
|
|
Trade creditors |
1,247,647 |
|
Other creditors |
10,000 |
|
|
|
|
|
|
1,257,647 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
The company director fee of £7,500 for Mr. Manjot Singh Bajwa accounted for the period ended 31 July 2025.
As at balance sheet date 31 July 2025, amount payable to Knightbridge Productions Limited £5,000 (included in other crediors).
Mr. Manjot Singh Bajwa is the common Director. |
|
|
| 6 |
Controlling party |
|
|
Mr Manjot Singh Bajwa, the Director and PSC of the Company is the ultimate controlling party |
|
|
| 7 |
Other information |
|
|
OLD CASTLE PRODUCTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Elstree Gate |
|
Elstree Way |
|
Borehamwood |
|
Hertfordshire |
|
WD6 1JD |