COMPANY REGISTRATION NUMBER:
16168196
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Kisses & Bumflicks (Broedmachine) Limited |
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Filleted Unaudited Accounts |
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Kisses & Bumflicks (Broedmachine) Limited |
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Statement of Financial Position |
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31 May 2026
Current assets
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Debtors |
5 |
1,153,520 |
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Cash at bank and in hand |
170,097 |
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1,323,617 |
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Creditors: amounts falling due within one year |
6 |
(
1,323,517) |
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Net current assets |
100 |
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---- |
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Total assets less current liabilities |
100 |
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---- |
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Net assets |
100 |
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---- |
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Capital and reserves
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Called up share capital |
100 |
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---- |
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Shareholders funds |
100 |
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---- |
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These accounts 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 period ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
These accounts were approved by the
board of directors
and authorised for issue on
7 October 2026
, and are signed on behalf of the board by:
Company registration number:
16168196
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Kisses & Bumflicks (Broedmachine) Limited |
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Period from 7 January 2025 to 31 May 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 215-221 Borough High Street, London, SE1 1JA, England.
2.
Statement of compliance
These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling rates of the exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling rate at the rate of the exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue Recognition" below.
Comparatives
The accounts cover the period from incorporation to 31 May 2026, hence there are no comparative figures. The accounting period has been extended to ensure that the accounting period and tax credit claim are conterminous.
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 "The Academy (previously known as Schooled)." 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 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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met, which for the company means recognising the income in line with production costs incurred.
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. 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 future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Intra-group borrowings are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4.
Employees
The company has been incorporated to produce a high-end television series entitled "The Academy (pka Schooled)". In common with the film and television industry the majority of crew are hired on a short term contract for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5.
Debtors
|
31 May 26 |
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£ |
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Prepayments and accrued income |
353,360 |
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Government grant receivable |
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Other debtors |
100 |
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1,153,520 |
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6.
Creditors:
amounts falling due within one year
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31 May 26 |
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£ |
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Trade creditors |
414,893 |
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Accruals and deferred income |
194,391 |
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Corporation tax |
61,162 |
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Social security and other taxes |
11,025 |
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Production Loan |
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Other creditors |
3,049 |
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1,323,517 |
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The loan has been secured against the anticipated future Audio Visual Expenditure Credit (AVEC).
7.
Contingent liabilities
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 : Coutts & Company
8.
Related party transactions
The Company has taken advantage of the exemption, under the terms of FRS 102 Paragraph 1AC.35, that disclosure need not be given regarding related party transactions that were entered into under normal market conditions. During the period all related party transactions that took place related to the production of the television series entitled "The Academy (pka Schooled)" and arose on an arm's length basis through the normal course of business. As such, no further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
9.
Controlling party
The immediate and ultimate parent company is Aok Broedmachine Limited Aok Broedmachine Limited is also the smallest group in which the results of the company are consolidated. Copies of the group accounts can be obtained from 135 The Colonnades, 34 Porchester Square, Bayswater, London, England, W2 6AP.