Poken Productions Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Poken Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07462810 . The registered office is New Derwent House, 69-73 Theobalds Road, London, WC1X 8TA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% on reducing balance

2.4. Financial Instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party

to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and a n equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

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Poken Productions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Employer financed retirement benefit scheme

During the period ended 31 May 2012 the company resolved to establish an employer financed retirement

benefit scheme for the benefit of its officers, employees and their wider families, The Poken Productions

Limited Employer Financed Retirement Benefit Scheme ("The Scheme").

In accordance with UITF 32 "Employee Benefit Trusts and other intermediate payment arrangements", the

company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that it

considers that it will not retain any economic benefit from the assets of The Scheme and will not have control

of the rights or other access to those present economic benefits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 June 2024	4,104
Additions	250

As at 31 May 2025	4,354

Depreciation
As at 1 June 2024	2,854
Provided during the period	649

As at 31 May 2025	3,503

Net Book Value
As at 31 May 2025	851

As at 1 June 2024	1,250

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Poken Productions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,048,171	926,605

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	3,990	4,000
Other creditors	5,838	2,839
Taxation and social security	56,588	56,658

	66,416	63,497

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	18,240	24,333

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

9. Directors Advances, Credits and Guarantees

Included within Debtors due within one year is the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mr Simon Evans	723,269	115,328	(16,652 )	-	821,945

The above loan is being charged interest and the loan is repayable upon demand.

10. Related Party Transactions

Included within other debtors due within one year is a balance of £25,000 due from Punchline PR Ltd Ltd, a company incorporated within the UK, in which the director has a material interest.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		851		1,250

			851		1,250
CURRENT ASSETS
Debtors	5	1,048,171		926,605
Cash at bank and in hand		68,582		52,721

		1,116,753		979,326
Creditors: Amounts Falling Due Within One Year	6	(66,416 )		(63,497 )

NET CURRENT ASSETS (LIABILITIES)			1,050,337		915,829

TOTAL ASSETS LESS CURRENT LIABILITIES			1,051,188		917,079

Creditors: Amounts Falling Due After More Than One Year	7		(18,240 )		(24,333 )

NET ASSETS			1,032,948		892,746

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			1,032,947		892,745

SHAREHOLDERS' FUNDS			1,032,948		892,746