REGISTERED NUMBER: 08277240 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HALON ENTERTAINMENT UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Ferriter

D Naccarato

REGISTERED OFFICE:

Units 2-4 Manor Gate

Manor Royal

Crawley

RH10 9SX

REGISTERED NUMBER:

08277240 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

67

470

CURRENT ASSETS

Debtors

5

29,485

112,234

Cash at bank

11,623

8,448

41,108

120,682

CREDITORS

Amounts falling due within one year

6

1,403,279

1,306,334

NET CURRENT LIABILITIES

(1,362,171

)

(1,185,652

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,362,104

)

(1,185,182

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,362,204

)

(1,185,282

)

SHAREHOLDERS' FUNDS

(1,362,104

)

(1,185,182

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

C Ferriter - Director

1.	STATUTORY INFORMATION

Halon Entertainment UK Limited 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.

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.

The accounts have been prepared on a going concern basis despite current liabilities. The parent company has pledged it's support for a further 12 months and one day from the date the audit report, attached to these financial statements, were signed.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

With regard to the accounting policies adopted by the company, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily available from other sources. Such estimates are based on historical experience and other relevant factors and may differ from actual results. All estimates, and associated underlying assumptions, are reviewed on an ongoing basis.

Turnover

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

Turnover from internal sales are made at cost plus a mark-up. The costs recharged relate to services provided to the group companies. The markup percentage on costs is variable based on the specific group project being worked on.

Tangible fixed assets

Tangible fixed assets are initially recognised at cost, being subsequently measured at cost net of depreciation and any impairment recognised. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - Straight line over 3 years

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,208

DEPRECIATION

At 1 January 2024

738

Charge for year

403

At 31 December 2024

1,141

NET BOOK VALUE

At 31 December 2024

67

At 31 December 2023

470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

-

89,384

Other debtors

29,485

22,850

29,485

112,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

209

3,046

Amounts owed to group undertakings

1,376,256

1,297,837

Other creditors & accruals

26,814

5,451

1,403,279

1,306,334

7.	SECURED DEBTS

At the year end, the company's bank held a fixed charge over the company's assets with a negative pledge, with one being created in an earlier period and one being created during the accounting period.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

All shares carry full and equal rights to participate in voting in all circumstances, in dividends, and in capital

distributions, whether on a winding up or otherwise. Ordinary shares are not redeemable.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Lockwood (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10.	CONTINGENT LIABILITIES

Halon Entertainment UK Limited entered into the NEP Group bank concentration agreement with JP Morgan during the year. The Company's bank balance is aggregated into one centralised account within the NEP group.

11.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY