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Company No: 05665587 (England and Wales)

# 39 STEPS ENTERTAINMENT LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

39 STEPS ENTERTAINMENT LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

39 STEPS ENTERTAINMENT LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
39 STEPS ENTERTAINMENT LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 37,005 |  | 17,416
|  | 37,005 |  | 17,416
Current assets |  |  |  |
Debtors | 4 | 2,691,137 |  | 1,357,930
Cash at bank and in hand |  | 1,829,135 |  | 1,231,994
|  | 4,520,272 |  | 2,589,924
Creditors: amounts falling due within one year | 5 | ( 627,574) |  | ( 63,902)
Net current assets |  | 3,892,698 |  | 2,526,022
Total assets less current liabilities |  | 3,929,703 |  | 2,543,438
Net assets |  | 3,929,703 |  | 2,543,438
Capital and reserves |  |  |  |
Called-up share capital | 6 | 100 |  | 100
Profit and loss account |  | 3,929,603 |  | 2,543,338
Total shareholders' funds |  | 3,929,703 |  | 2,543,438

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of 39 Steps Entertainment Limited (registered number: 05665587) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S A Curtis Director |

23 October 2025

39 STEPS ENTERTAINMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
39 STEPS ENTERTAINMENT LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 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

39 Steps Entertainment 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 35 Ballards Lane, London, N3 1XW, 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 £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 25 % reducing balance
Office equipment | 15 % reducing balance
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Vehicles |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 February 2024 | 28,950 |  | 1,159 |  | 33,295 |  | 63,404
Additions | 40,769 |  | 0 |  | 1,748 |  | 42,517
Disposals | ( 28,950) |  | 0 |  | 0 |  | ( 28,950)
At 31 January 2025 | 40,769 |  | 1,159 |  | 35,043 |  | 76,971
Accumulated depreciation |  |  |  |  |  |  |
At 01 February 2024 | 14,702 |  | 777 |  | 30,509 |  | 45,988
Charge for the financial year | 6,795 |  | 57 |  | 1,827 |  | 8,679
Disposals | ( 14,701) |  | 0 |  | 0 |  | ( 14,701)
At 31 January 2025 | 6,796 |  | 834 |  | 32,336 |  | 39,966
Net book value |  |  |  |  |  |  |
At 31 January 2025 | 33,973 |  | 325 |  | 2,707 |  | 37,005
At 31 January 2024 | 14,248 |  | 382 |  | 2,786 |  | 17,416

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 104,632 |  | 40,880
Amounts owed by group undertakings | 2,568,179 |  | 1,311,399
Corporation tax | 17,724 |  | 5,651
Other debtors | 602 |  | 0
| 2,691,137 |  | 1,357,930

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 20,449 |  | 3,901
Taxation and social security | 605,985 |  | 50,552
Other creditors | 1,140 |  | 9,449
| 627,574 |  | 63,902

#### 6. Called-up share capital

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

#### 7. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed by other related parties | 2,568,179 |  | 1,311,399