Slight dip in profits at director Jim Sheridan's firm

Accumulated profits at the main firm owned by six-time Oscar-nominated movie director Jim Sheridan dipped marginally to €323,193 in 2012.

Figures lodged with the Companies Office show the director, who has confirmed his plans to make a movie around Ireland's economic crash, also paid back his Chartscript Ltd €529,002 last September that was outstanding at the end of December 2012.

Mr Sheridan saw the cash pile at his own firm drop from €655,621 in 20111 to €111,238 in 2012.

During the same period, money owed to the firm by debtors increased from €37,156 to €577,974.

The 65-year-old director of My Left Foot, The Field and In the Name of the Father attended the recent Anglo trial as part of research for his planned "Swiftian satire" of a movie into the crash.

In a recent newspaper interview, admitted that he lost millions during the crash “on paper”.

The figures for Chartscript Ltd show that the firm’s accumulated profits dropped by €15,129 – from €338,322 to €323,193.

The accounts show that the firm recorded an operating profit for 2012 of €104,191 before account is taken of non- cash depreciation charges and other amounts written off tangible assets .

A note attached to the accounts states that Mr Sheridan charges the company for his services, as he is an independent contractor.

The firm’s shareholder funds stood at €323,320.

Mr Sheridan is also a director and shareholder in CK Broadcasting Ltd, the firm behind the radio station KCLR 96FM, which operates a broadcast licence for Carlow and Kilkenny.

Earlier this month, the station secured a further 10-year licence to broadcast to the Carlow/Kilkenny area to 2024. This new broadcasting contract started yesterday.

The firm’s most recent accounts show that CK Broadcasting Ltd’s accumulated losses reduced from €1.189 million to €1.158 million in the 12 months to the end of December 31st 2012.

The firm’s shareholder funds stood at €148,959.

The firm’s cash increased from €96,556 to €104,278.