INSIDE TRACK 3 LLP

• ⚠

  Material uncertainty over going concern

  It is the intention of the members to cease trading in the Partnership in the foreseeable future and therefore as required by Financial Reporting Standard 102 Section 1A, the members have prepared the financial statements on the basis that the Partnership is no longer a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -148.9%

  £823,643 → -£402,964

• Cash

  -43.8%

  £1,108,969 → £623,773

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Profit before tax

  +81.1%

  £793,103 → £1,436,028

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. INSIDE TRACK 3 LLP 2004-02-18 → present
2. INSIDE FILMS 2 LLP 2003-07-10 → 2004-02-18

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“It is the intention of the members to cease trading in the Partnership in the foreseeable future and therefore as required by Financial Reporting Standard 102 Section 1A, the members have prepared the financial statements on the basis that the Partnership is no longer a going concern.”

Significant events

• “During the year, the Partnership sold certain film income entitlements ("Film Rights"). This was done as part of a package with the Film Rights of other film production partnerships Ingenious manages ("Film Library"). Proceeds from the sale of the Partnership's Film Rights was collected and distributed to members accordingly.”
• “In the current year the balance includes advance proceeds of £402,964 applicable to the sale of the Partnership's Film Rights. The Partnership held Film Rights in relation to studio films, which were disposed of in June 2024. Under the terms of the sale, and the correspondence leading up to the execution of the sale, the receipts making up the advance proceeds on film rights sale beneficially belong to the buyer and reduced the buyer's consideration payable on completion. As part of the sale of film rights occurring on 13 June 2024, the buyer was entitled to receipts relating to productions held within the partnership, from 1 January 2023 onwards. The effect of this on the financial statements is to reverse turnover which has been recognised in prior periods, creating a negative balance within turnover in the current period.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.