Company No: 07637209 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr B S Marshall
	Mr M J K Nichols
	Mr B Plumb

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

BUSINESS ADDRESS	21/25 Goldhawk Road
	Shepherds Bush
	London
	W12 8QQ

COMPANY NUMBER

07637209 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2025		2024
		£		£
Current assets
Debtors
- due within one year	3	119,313		16,981
- due after more than one year	3	78,100		78,100
Cash at bank and in hand		108		688
		197,521		95,769
Creditors: amounts falling due within one year	4	( 210,930)		( 105,940)
Net current liabilities		(13,409)		(10,171)
Total assets less current liabilities		(13,409)		(10,171)
Net liabilities		( 13,409)		( 10,171)
Capital and reserves
Called-up share capital	5	100		100
Profit and loss account		( 13,509 )		( 10,271 )
Total shareholders' deficit		( 13,409)		( 10,171)

For the financial year ending 31 January 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 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 Profit and Loss Account has not been delivered.

The financial statements of Rapid Pictures Commercial Ltd (registered number: 07637209) were approved and authorised for issue by the Board of Directors on 06 October 2025. They were signed on its behalf by:

Mr B Plumb Director

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

Rapid Pictures Commercial Ltd (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 2 Leman Street, London, E1W 9US, United Kingdom. The principal place of business is 21/25 Goldhawk Road, Shepherds Bush, London, W12 8QQ.

The financial statements have been prepared under the historical cost convention 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 £.

Going concern

The company has net current liabilities of £13,409 (2024: £10,171) at the reporting date which suggests that the going concern basis may not be appropriate. However, the shareholders have given assurance that they will continue to provide support to the company to allow it to continue in operation for the foreseeable future. The shareholders therefore consider it appropriate to prepare financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support

Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

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 Balance Sheet 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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Prepayments	56,652		16,981
Other debtors	62,661		0
	119,313		16,981
Debtors: amounts falling due after more than one year
Other debtors	78,100		78,100

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other taxation and social security	5,804		0
Other creditors	205,126		105,940
	210,930		105,940

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	192,075		282,345
between one and five years	91,667		283,742
	283,742		566,087

7. Related party transactions

At the reporting date the company was owed £14,146 (2024: £7,712 owed to ) by Rapid Pictures Limited, a company controlled by the directors.

At the reporting date the company was owed £48,515 (2024: £53,100 owed to) by Radiant Post Production limited, a company controlled by the directors.

All amounts are interest free and repayable upon demand.