FILMSTRO HOLDINGS LIMITED


Directors	HUNTER, Grant Marshall
	Mr Sebastian Karl Jager


Registered Address	2 Upperton Gardens
	Eastbourne
	BN21 2AH


Registered Number	10359410 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		281,315		384,683
Tangible assets	4		29,613		47,124
Investments	5		116		116
			311,044		431,923
Creditors amounts falling due within one year	6	(39,000)		(44,050)
Net current assets (liabilities)			(39,000)		(44,050)
Total assets less current liabilities			272,044		387,873
Creditors amounts falling due after one year			(339,893)		(388,503)
Net assets			(67,849)		(630)
Capital and reserves
Called up share capital			151		144
Share premium			830,165		780,767
Profit and loss account			(898,165)		(781,541)
Shareholders' funds			(67,849)		(630)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2025, and are signed on its behalf by:

HUNTER, Grant Marshall
Director

Mr Sebastian Karl Jager
Director

Registered Company No. 10359410

FILMSTRO HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	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.

Foreign currency translation

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.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of ten years. Company Formation costs are being amortised evenly over their estimated useful life of ten years. Software Development is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of ten years.
Company Formation costs are being amortised evenly over their estimated useful life of ten years.
Software Development is being amortised evenly over its estimated useful life of ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	1,033,684
	At 31 December 24	1,033,684
	Amortisation and impairment
	At 01 January 24	649,000
	Charge for year	103,369
	At 31 December 24	752,369
	Net book value
	At 31 December 24	281,315
	At 31 December 23	384,683

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	175,109
	At 31 December 24	175,109
	Depreciation and impairment
	At 01 January 24	127,985
	Charge for year	17,511
	At 31 December 24	145,496
	Net book value
	At 31 December 24	29,613
	At 31 December 23	47,124

5.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 24	116
	At 31 December 24	116
	Net book value
	At 31 December 24	116
	At 31 December 23	116

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Other creditors	39,000	39,000
Accrued liabilities and deferred income	-	5,050
Total	39,000	44,050


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.