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REGISTERED NUMBER: 09994971 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

SF STUDIOS LTD

| SF STUDIOS LTD (REGISTERED NUMBER: 09994971) |

Contents of the Financial Statements

for the year ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SF STUDIOS LTD |

Company Information

for the year ended 28 February 2025

| Directors: | Ms S Ferreira

| J Solyom

| Registered office: | 5 Ella Mews

| London

| NW3 2NH

| Registered number: | 09994971 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| SF STUDIOS LTD (REGISTERED NUMBER: 09994971) |

Balance Sheet

28 February 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 4 | 9,586 |  | 12,293 |  |

Current assets

Debtors | 5 | 77,281 |  | 31,327 |  |

Cash at bank | 41,513 |  | 12,578 |  |

118,794 |  | 43,905 |  |

Creditors

Amounts falling due within one year | 6 | 593,333 |  | 458,772 |  |

Net current liabilities | (474,539 | ) | (414,867 | ) |

Total assets less current liabilities | (464,953 | ) | (402,574 | ) |

Creditors

Amounts falling due after more than one year | 7 | 27,235 |  | 32,747 |  |

Net liabilities | (492,188 | ) | (435,321 | ) |

Capital and reserves

Called up share capital | 9 | 20 |  | 20 |  |

Retained earnings | (492,208 | ) | (435,341 | ) |

Shareholders' funds | (492,188 | ) | (435,321 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

Ms S Ferreira - Director

| SF STUDIOS LTD (REGISTERED NUMBER: 09994971) |

Notes to the Financial Statements

for the year ended 28 February 2025

1. | Statutory information

| SF Studios Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | Accounting policies

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | Cost less residual value over 4 years

| Plant and machinery | - | Cost less residual value over 4 years

| Fixtures and fittings | - | Cost less residual value over 4 years

| Computer equipment | - | Cost less residual value over 4 years

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | Employees and directors

| The average number of employees during the year was 3 (2024 - 3 ) .

| SF STUDIOS LTD (REGISTERED NUMBER: 09994971) |

Notes to the Financial Statements - continued

for the year ended 28 February 2025

4. | Tangible fixed assets

Fixtures |  |

Short | Plant and | and | Computer |  |

leasehold | machinery | fittings | equipment | Totals |

| £ | £ | £ | £ | £

| Cost

| At 1 March 2024 | 164,551 |  | 24,846 |  | 68,746 |  | 6,177 |  | 264,320 |  |

| Additions | - |  | 3,046 |  | 243 |  | - |  | 3,289 |  |

| Disposals | - |  | - |  | (1,170 | ) | (1,989 | ) | (3,159 | ) |

| At 28 February 2025 | 164,551 |  | 27,892 |  | 67,819 |  | 4,188 |  | 264,450 |  |

| Depreciation

| At 1 March 2024 | 164,551 |  | 22,918 |  | 60,589 |  | 3,969 |  | 252,027 |  |

| Charge for year | - |  | 2,165 |  | 3,053 |  | 701 |  | 5,919 |  |

| Eliminated on disposal | - |  | - |  | (1,093 | ) | (1,989 | ) | (3,082 | ) |

| At 28 February 2025 | 164,551 |  | 25,083 |  | 62,549 |  | 2,681 |  | 254,864 |  |

| Net book value

| At 28 February 2025 | - |  | 2,809 |  | 5,270 |  | 1,507 |  | 9,586 |  |

| At 29 February 2024 | - |  | 1,928 |  | 8,157 |  | 2,208 |  | 12,293 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 1,565 |  | 898 |  |

| Other debtors | 58,018 |  | 13,018 |  |

| Prepayments | 17,698 |  | 17,411 |  |

77,281 |  | 31,327 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts (see note 8) | 5,774 |  | 5,614 |  |

| Trade creditors | 3,567 |  | 2,085 |  |

| Social security and other taxes | 2,052 |  | 1,400 |  |

| Wages payable | 2,630 |  | - |  |

| Pension payable | 328 |  | 197 |  |

| VAT | 1,751 |  | 1,497 |  |

| Other creditors | 456,724 |  | 356,724 |  |

| Directors' current accounts | 111,879 |  | 81,816 |  |

| Deferred income | 1,250 |  | 1,250 |  |

| Accrued expenses | 7,378 |  | 8,189 |  |

593,333 |  | 458,772 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

| £ | £

| Bank loans (see note 8) | 27,235 |  | 32,747 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 2,454 |  | 8,650 |  |

| SF STUDIOS LTD (REGISTERED NUMBER: 09994971) |

Notes to the Financial Statements - continued

for the year ended 28 February 2025

8. | Loans

| An analysis of the maturity of loans is given below:

2025 | 2024 |

| £ | £

| Amounts falling due within one year or on demand:

| Bank loans | 5,774 |  | 5,614 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 5,938 |  | 5,774 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 18,843 |  | 18,323 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 2,454 |  | 8,650 |  |

| During the year ended 28 February 2021, the company received a Government Bounce Back Loan. The loan is secured by the government and is recognised at amortised cost using the effective interest rate method.

9. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 14 | Ordinary A | £1 | 14 |  | 14 |  |

| 4 | Ordinary B | £1 | 4 |  | 4 |  |

| 2 | Ordinary C | £1 | 2 |  | 2 |  |

20 |  | 20 |  |

10. | Directors' advances, credits and guarantees

| At the year end date, a director was owed £111,879 (2024 - £81,816) by the company. The loan is interest free and repayable on demand.