Company No: 12372166 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	56,000		64,000
Investments	4	101		2,101
		56,101		66,101
Current assets
Debtors	5	712,447		283,579
Cash at bank and in hand		524,681		0
		1,237,128		283,579
Creditors: amounts falling due within one year	6	( 1,024)		( 1,027)
Net current assets		1,236,104		282,552
Total assets less current liabilities		1,292,205		348,653
Net assets		1,292,205		348,653
Capital and reserves
Called-up share capital		109		109
Share premium account		351,891		351,891
Profit and loss account		940,205		( 3,347 )
Total shareholders' funds		1,292,205		348,653

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Filmworkz Holdings Limited (registered number: 12372166) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

K R Potter Director

18 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Filmworkz Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 80 Grove Lane, Holt, NR25 6ED, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

8 years straight line

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Statement of Financial Position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 January 2024	64,000		64,000
At 31 December 2024	64,000		64,000
Accumulated amortisation
At 01 January 2024	0		0
Charge for the financial year	8,000		8,000
At 31 December 2024	8,000		8,000
Net book value
At 31 December 2024	56,000		56,000
At 31 December 2023	64,000		64,000

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	2,101
Disposals	( 2,000)
At 31 December 2024	101
Carrying value at 31 December 2024	101
Carrying value at 31 December 2023	2,101

5. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	712,447		283,579

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	1		1
Other creditors	1,023		1,026
	1,024		1,027