REGISTERED NUMBER: 09994971 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

SF STUDIOS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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 ) .

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

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.