ACCOUNTS - Final Accounts preparation

Unaudited Financial Statements

The Coop Troop Season 1 Limited

For the period ended 31 December 2024

Registered number: NI674335


The Coop Troop Season 1 Limited

Company Information

Directors	Colin Williams
	Rachelle Williams


Registered number	NI674335


Registered office	9 Church View
	Holywood
	Down
	Northern Ireland
	BT18 9DP


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


Bankers	Bank of Ireland
	Belfast
	BT1 5LR


The Coop Troop Season 1 Limited

Contents

	Page
Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	3 - 6

Independent Accountant's Report to the directors of the unaudited financial statements of The Coop Troop Season 1 Limited for the period ended 31 December 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of The Coop Troop Season 1 Limited for the period ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of The Coop Troop Season 1 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of The Coop Troop Season 1 Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Coop Troop Season 1 Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised)
Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and
have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating
to members undertaking the compilation of financial statements.

You have approved the financial statements for the period ended 31 December 2024 and you have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that The Coop Troop Season 1 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that The Coop Troop Season 1 Limited is exempt from the statutory audit requirement for the period ended 31 December 2024.

We have not been instructed to carry out an audit or review the financial statements of The Coop Troop Season 1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 17 September 2025

Page 1


The Coop Troop Season 1 Limited Registered number:NI674335

Balance Sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	22,501		55,865
Cash at bank and in hand		44		183,194
		22,545		239,059
Creditors: amounts falling due within one year	6	(25,777)		(243,667)
Net current liabilities			(3,232)		(4,608)
Total assets less current liabilities			(3,232)		(4,608)

Net liabilities			(3,232)		(4,608)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account	8	(3,233)	(4,609)
		(3,232)	(4,608)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2025.

Colin Williams

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


The Coop Troop Season 1 Limited

Notes to the Financial Statements

For the period ended 31 December 2024

1.	General information

The Coop Troop Season 1 Limited is a private company limited by shares and incorporated in Northern Ireland. The registered office is 9 Church View, Holywood, Down, Northern Ireland, BT18 9DP.
The principal activity of the company is television programme production and distribution.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair veiw.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its working capital requirements through financial support from its connected parties and is dependent on this continuing support. The directors are confident the support will continue to be made available to allow the company to trade for the foreseeable future. The directors have also assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


The Coop Troop Season 1 Limited

Notes to the Financial Statements

For the period ended 31 December 2024

2.Accounting policies (continued)

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4


The Coop Troop Season 1 Limited

Notes to the Financial Statements

For the period ended 31 December 2024

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.

Employees

The average monthly number of employees, including directors, during the period was 2 (2023 -2).

Debtors

					2024	2023
					£	£


Trade debtors	22,500	-
Other debtors	1	1
Prepayments and accrued income	-	55,864
	22,501	55,865

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	25,777	108,481
Other taxation and social security	-	240
Accruals and deferred income	-	134,946
	25,777	243,667

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 -1) Ordinary share of £1.00	1	1

Page 5


The Coop Troop Season 1 Limited

Notes to the Financial Statements

For the period ended 31 December 2024

Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

9.	Related party transactions
	The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.

10.	Controlling party

The immediate parent is Sixteen South Originals Limited, a company incorporated in Northern Ireland.
The ultimate controlling party is deemed to be Colin Williams by virtue of his shareholding in ultimate parent company Sixteen South Group Limited.

Page 6