Premiere Capital Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06279501 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

PREMIERE CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

7

DIRECTOR:

D M Rogers

SECRETARY:

Albany Nominees Limited

REGISTERED OFFICE:

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

REGISTERED NUMBER:

06279501 (England and Wales)

ACCOUNTANTS:

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

FIXED ASSETS

Investments

4

23,501

527,077

CURRENT ASSETS

Debtors

5

961,990

682,216

Cash at bank and in hand

649

26,898

962,639

709,114

CREDITORS

Amounts falling due within one year

6

(956,054

)

(1,231,491

)

NET CURRENT ASSETS/(LIABILITIES)

6,585

(522,377

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,086

4,700

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(19,914

)

(45,300

)

SHAREHOLDERS' FUNDS

30,086

4,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2023 and were signed by:

D M Rogers - Director

1.	STATUTORY INFORMATION

Premiere Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Premiere Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

Shares in

in other

group

participating

Other

undertakings

interests

investments

Totals

£

£

£

£

COST

At 1st January 2022

527,052

20

5

527,077

Disposals

(503,556

)

(20

)

-

(503,576

)

At 31st December 2022

23,496

-

5

23,501

NET BOOK VALUE

At 31st December 2022

23,496

-

5

23,501

At 31st December 2021

527,052

20

5

527,077

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Premiere Picture Services Limited

Registered office:

Nature of business: Business services and administration.

%

Class of shares:

holding

Ordinary £1

100.00

31.12.22

31.12.21

£

£

Aggregate capital and reserves

(477,565

)

(596,415

)

Profit/(loss) for the year

118,851

(426,835

)

Oak Agents Limited

Registered office:

Nature of business: Film production.

%

Class of shares:

holding

Ordinary £1

100.00

31.12.22

31.12.21

£

£

Aggregate capital and reserves

(533,841

)

(527,184

)

(Loss)/profit for the year

(6,657

)

14,031

Premiere First Limited

Registered office:

Nature of business: Film rights acquisitions.

%

Class of shares:

holding

Ordinary £1

100.00

31.12.22

31.12.21

£

£

Aggregate capital and reserves

27,094

27,094

Profit for the year

-

7,290

BH Administration Limited

Registered office:

Nature of business: Dormant

%

Class of shares:

holding

Ordinary £1

100.00

31.12.22

31.12.21

£

£

Aggregate capital and reserves

(216

)

(216

)

Premiere Nominees No 1 Limited

Registered office:

Nature of business: Professional and administrative services

%

Class of shares:

holding

Ordinary £1

100.00

31.12.22

31.3.21

£

£

Aggregate capital and reserves

-

(88,328

)

Premiere Nominees No 1 Limited was dissolved on 29th March 2022

Bulldog Film Distribution Limited

Registered office:

Nature of business: Film rights trading

%

Class of shares:

holding

Ordinary £1

55.00

31.12.22

31.12.21

£

£

Aggregate capital and reserves

(107,532

)

(107,814

)

Profit for the year

282

24,048

Associated company

Pubs Production Limited

Registered office:

Nature of business: Film Production

%

Class of shares:

holding

Ordinary £1

20.00

31.12.22

30.6.21

£

£

Aggregate capital and reserves

-

(27,791

)

Loss for the year

-

(25,494

)

Pubs Productions Limited was dissolved on 6th September 2022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

-

4,200

Amounts owed by group undertakings

300,000

300,000

Other debtors

661,990

378,016

961,990

682,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

3,000

1,200

Amounts owed to group undertakings

32,017

595,948

Taxation and social security

323

25,710

Other creditors

920,714

608,633

956,054

1,231,491

7.	RELATED PARTY DISCLOSURES

During the year the company charged £nil (2021: £300,000) to Oak Agents Limited, a subsidiary company of Premiere Capital Limited. At the balance sheet date an amount of £300,000 (2021 - £300,000) was owed to the company.

During the year the company loaned £nil (2021: £nil), and charged £14,058 (2021: £48,183) interest on loans outstanding to Bulldog Film Distributions Limited, a company under common control. At the balance sheet date an amount of £238,511 (2021: £324,631) remained owing to the company.

8.	ULTIMATE CONTROLLING PARTY

The company was under the control of D M Rogers.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premiere Capital Limited for the year ended 31st December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Premiere Capital Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premiere Capital Limited and state those matters that we have agreed to state to the director of Premiere Capital Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Premiere Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Premiere Capital Limited. You consider that Premiere Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Premiere Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

29th September 2023