| BLACK CUMIN PICTURES LTD |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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 high end television programme titled as "Kanneda" (the HETV). All of the turnover recognised by the Company relates only to this HETV. |
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Cost of sales |
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Production cost of the HETV is recognised in the profit and loss account as cost of sales on delivery of the HETV to the commissioning producer and financier. |
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Work in progress |
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Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Balance production cost of the HETV at the last year balance sheet date was carried forward as work in progress on the basis that it was deemed recoverable from the future income/revenue of the HETV. In the current year, work in progress is transferred to cost of sales. |
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Taxation |
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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 HETV. Deferred tax assets based on timing difference is not applicable in respect of this Company's claim for tax credit. |
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Foreign currency translation |
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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. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Trade debtors |
1,894,763 |
|
- |
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VAT receivable |
|
|
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|
- |
|
5,008 |
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Other debtors |
1,069,985 |
|
566,941 |
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2,964,748 |
|
571,949 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
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Trade creditors |
1,592,924 |
|
2,258,811 |
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Taxation and social security costs |
81,505 |
|
- |
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Other creditors |
1,340,130 |
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1,364,830 |
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3,014,559 |
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3,623,641 |
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| 5 |
Related party transactions |
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During the year ending 31/07/2025, Williamsons Consultants Ltd invoiced the Company for £2,000 (31/07/2024: £1,000). Mr. Derek Williamson, the director of the Company is also a director of Williamsons Consultants Ltd.
The director confirm that all transactions has been on arms-length basis. |
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| 6 |
Controlling party |
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Mr. Derek Williamson, director and PSC of the Company is the ultimate controlling party. |
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| 7 |
Other information |
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BLACK CUMIN PICTURES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 306 Boundary House Business Centre |
|
Boston Road |
|
London |
|
England |
|
W7 2QE |