The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Celador International Limited is a private company limited by shares incorporated in England and Wales. The registered office is Woodhill Manor, Woodhill Lane, Shamley Green, Surrey, United Kingdom, GU5 0SP.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

Turnover represents the royalties due on music rights owned by the company in the period.

Fee income represents revenue earned under the exploitation of music rights. Revenue is recognised on receipt of royalty statements. Where possible income is accrued in respect of royalty statements received post year end relating to income earned in the year. This is the earliest opportunity by which the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Film rights are recognised as intangible fixed assets when it is probable that future economic benefits will flow to the Company and the cost can be measured reliably. Film rights are initially measured at cost and are amortised over the expected period of use, typically the licence term, on a straight-line basis unless another pattern better reflects the consumption of benefits. The carrying amount is reviewed at each reporting date and impaired where the recoverable amount is less than the carrying amount.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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 current liabilities.

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The average monthly number of persons (including directors) employed by the company during the year was:

This balance relates to the purchase of 100% of the share capital in 'Celador (A Way Through The Woods) Limited'.

During the year the company made purchases of £235,000 (2024: £Nil) from Pathe CFL Limited, a related party by virtue of common directorship. At the balance sheet date there was an amount of £Nil (2024: £Nil) owed to Pathe CFL Limited.

During the year the company made sales of £25,000 (2024: £Nil) to Lusam Music Limited, a related party by virtue of common directorship. At the balance sheet date there was an amount of £25,000 (2024: £Nil) owed from Lusam Music Limited.

During the year the company made sales of £3,000 (2024: £Nil) to Cregagh Properties LLP, a related party by virtue of common directorship. At the balance sheet date there was an amount of £3,000 (2024: £Nil) owed from Cregagh Properties LLP.

During the year, the Director loaned the company £300,000 (2024: £Nil). At the reporting date, amounts outstanding due to the Director were £259,999 (2024: £9,999).

The company’s ultimate controlling party is Mr Paul A Smith, by virtue of his ownership of 100% of the issued share capital of Celador International Limited.