True Brit Entertainment Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14752903

True Brit Entertainment Limited

Filleted Unaudited Accounts

31 March 2025

True Brit Entertainment Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	3,309,316	1,882,631
Tangible assets	6	12,407	–
		------------	------------
		3,321,723	1,882,631

Current assets

Debtors	7	1,287,357	14,074
Cash at bank and in hand		2,990,710	3,953,833
		------------	------------
		4,278,067	3,967,907

Creditors: amounts falling due within one year	8	( 808,167)	( 251,163)
		------------	------------
Net current assets		3,469,900	3,716,744
		------------	------------
Total assets less current liabilities		6,791,623	5,599,375
		------------	------------
Net assets		6,791,623	5,599,375
		------------	------------

Capital and reserves

Called up share capital	9	179	149
Share premium account		9,250,022	6,000,001
Profit and loss account		( 2,458,578)	( 400,775)
		------------	------------
Shareholders funds		6,791,623	5,599,375
		------------	------------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

True Brit Entertainment Limited

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Z J Kamasa

Director

Company registration number: 14752903

True Brit Entertainment Limited

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, London, WC2H 7DQ, United Kingdom.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Comparatives

The accounts cover period from 1 April 2024 to 31 March 2025. The comparatives cover the period from incorporation through to 31 March 2024, as such the comparatives are not entirely comparable.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Intangible assets

Intangible assets represent film rights and are stated at cost less amortisation and provision for impairment. Film rights are only capitalised where estimates of future income from all sources exceed the capitalised amount. Per production, the rights capitalised are relative to the proportion of total revenues expected to arise from secondary exploitation due to the participating interest held in the film project. These intangible assets are amortised against the revenues associated with future anticipated exploitation. The film rights are capitalised only when: - The future economic benefit of the project is probable; - An intangible asset is created that can be separately identified; - It is probable that the intangible asset created will generate future economic benefits; - The cost of the intangible asset can be measured reliably.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Equipment	-	20% straight line

Tangible assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Financial instruments

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 entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 2 ).

5. Intangible assets

	Capitalised Rights
	£
Cost
At 1 April 2024	1,882,631
Additions	1,426,685
	------------
At 31 March 2025	3,309,316
	------------
Amortisation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	3,309,316
	------------
At 31 March 2024	1,882,631
	------------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	–	–	–
Additions	845	13,555	14,400
	----	--------	--------
At 31 March 2025	845	13,555	14,400
	----	--------	--------
Depreciation
At 1 April 2024	–	–	–
Charge for the year	113	1,880	1,993
	----	--------	--------
At 31 March 2025	113	1,880	1,993
	----	--------	--------
Carrying amount
At 31 March 2025	732	11,675	12,407
	----	--------	--------
At 31 March 2024	–	–	–
	----	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	884,278	–
Prepayments and accrued income	100,704	3,084
Other debtors	302,375	10,990
	------------	--------
	1,287,357	14,074
	------------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	777,443	214,997
Accruals and deferred income	11,800	20,087
Social security and other taxes	18,924	6,551
Other creditors	–	9,528
	---------	---------
	808,167	251,163
	---------	---------

9. Called up share capital

Issued, called up and fully paid

2025		2024
No.	£	No.	£

Amounts presented in equity:

Ordinary shares of £ 0.001 each	100,000	100	100,000	100
Ordinary A shares of £ 0.001 each	2,500	3	–	–
	---------	----	---------	----
	102,500	103	100,000	100
	---------	----	---------	----

Amounts presented in liabilities:

Preference shares of £ 0.001 each	49,004	49	49,004	49
Preference shares of £ 0.001 each	26,544	27	–	–
	--------	----	--------	----
	75,548	76	49,004	49
	--------	----	--------	----

10. Related party transactions

All related-party transactions that took place in the year were made on terms equivalent to those that prevail in arm's length transactions and therefore are not required to be disclosed under FRS 102 Section 1AC 35.