Gorilla Studios Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Gorilla Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12098719 . The registered office is Unit 40, Meridian House, Battersea Reach, Juniper Drive, Wandsworth, London, SW18 1QS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents. Turnover is recognised in the period the rent falls due.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases. The freehold property has been revalued by the directors at the balance sheet date. Revaluation method will be used on an annual basis in future accounting periods.

Freehold	2% straight line
Plant & Machinery	25% reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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Gorilla Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 August 2024	1,589,125	2,996	1,592,121

As at 31 July 2025	1,589,125	2,996	1,592,121

Depreciation
As at 1 August 2024	69,908	1,474	71,382
Provided during the period	31,782	380	32,162

As at 31 July 2025	101,690	1,854	103,544

Net Book Value
As at 31 July 2025	1,487,435	1,142	1,488,577

As at 1 August 2024	1,519,217	1,522	1,520,739

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,051	5,760
Other debtors	843	854

	6,894	6,614

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	27,632	27,632
Other creditors	334,854	334,854
Taxation and social security	4,221	4,189

	366,707	366,675

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	550,974	571,730

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	6	6

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Gorilla Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Related Party Transactions

Austen Corbin Productions Limited

The above is a related party by virtue of 2 of the directors of the company also being directors of the related party.

At the balance sheet date the company owed to the related party £10,674 (2024: £10,674). No interest has been charged on this loan during the period.

M Austen

The above is a related party by virtue of being a director.

At the balance sheet date the company owed the director £49,840 (2024: £49,999) . No interest has been charged on this loan during the period.

D Corbin

The above is a related party by virture of being a director.

At the balance sheet date the company owed the director £49,999 (2024: £49,999). No interest has been charged on this loan during the period.

G Farley

The above is a related party by virtue of being a director.

At the balance sheet date the company owed the director £221,140 (2024: £221,140) . No interest has been charged on this loan during the period.

10. Ultimate Controlling Party

The company's ultimate controlling party is G Farley by virtue of his majority shareholding in the issued share capital of the company.

11. Charges

There is a fixed charge held over the assets of the company by National Westminster Bank PLC.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,488,577		1,520,739

			1,488,577		1,520,739
CURRENT ASSETS
Debtors	5	6,894		6,614
Cash at bank and in hand		5,095		5,789

		11,989		12,403
Creditors: Amounts Falling Due Within One Year	6	(366,707 )		(366,675 )

NET CURRENT ASSETS (LIABILITIES)			(354,718 )		(354,272 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,133,859		1,166,467

Creditors: Amounts Falling Due After More Than One Year	7		(550,974 )		(571,730 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(135,973 )		(118,291 )

NET ASSETS			446,912		476,446

CAPITAL AND RESERVES
Called up share capital	8		6		6
Profit and Loss Account			446,906		476,440

SHAREHOLDERS' FUNDS			446,912		476,446