REGISTERED NUMBER: 03480257 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

YASH RAJ FILMS INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

U Chopra

C Kapadia

SECRETARY:

C Kapadia

REGISTERED OFFICE:

Unit 201, Second Floor

Metroline House

118-122 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

03480257 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Shashikant Maganlal Mistry FCCA

AUDITORS:

MMA Partnership LLP

Chartered Certified Accountants

& Statutory Auditors

6 Bruce Grove

London

N17 6RA

FIXED ASSETS

Intangible assets

5

66

88

Tangible assets

6

2,409

2,971

Investments

7

100

-

2,575

3,059

CURRENT ASSETS

Debtors

8

4,348,803

554,237

Cash at bank

278,053

709,176

4,626,856

1,263,413

CREDITORS

Amounts falling due within one year

9

3,724,562

768,042

NET CURRENT ASSETS

902,294

495,371

TOTAL ASSETS LESS CURRENT LIABILITIES

904,869

498,430

CREDITORS

Amounts falling due after more than one year

10

189,657

248,892

NET ASSETS

715,212

249,538

CAPITAL AND RESERVES

Called up share capital

11

150,000

50,000

Share premium

400,000

-

Retained earnings

165,212

199,538

SHAREHOLDERS' FUNDS

715,212

249,538

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 12 December 2025 and were signed on its behalf by:

C Kapadia - Director

1.	STATUTORY INFORMATION

Yash Raj Films International 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for films distribution and exhibitions and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademark

-

25% reducing balance method

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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 2 (2024 - 2 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

6,000

5,500

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

13,980

AMORTISATION

At 1 April 2024

13,892

Charge for year

22

At 31 March 2025

13,914

NET BOOK VALUE

At 31 March 2025

66

At 31 March 2024

88

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

31,874

4,215

36,089

Disposals

-

(1,633

)

(1,633

)

At 31 March 2025

31,874

2,582

34,456

DEPRECIATION

At 1 April 2024

31,224

1,894

33,118

Charge for year

98

464

562

Eliminated on disposal

-

(1,633

)

(1,633

)

At 31 March 2025

31,322

725

32,047

NET BOOK VALUE

At 31 March 2025

552

1,857

2,409

At 31 March 2024

650

2,321

2,971

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

In June 2024, the company incorporated a wholly owned subsidiary, Brave Hearted Productions Limited, a company registered in England and Wales.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

816,777

347,428

Amounts owed by group undertakings

3,499,900

-

Other debtors

32,126

206,809

4,348,803

554,237

The company provided a loan of £3,499,900 to its subsidiary, Brave Hearted Productions Limited. This loan is repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

342,394

273,775

Taxation and social security

48,677

169,911

Other creditors

3,333,491

324,356

3,724,562

768,042

Other creditors include a loan of £3,000,000 from a director. This loan is repayable on demand.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

189,657

248,892

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

150,000

Ordinary Shares

£1

150,000

50,000

The company issued 100,000 ordinary shares of £1 each to it's parent company for a total consideration of £500,000 in October 2024.

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

The Report of the Auditors was unqualified.

Mr Shashikant Maganlal Mistry FCCA (Senior Statutory Auditor)

for and on behalf of MMA Partnership LLP

13.	RELATED PARTY DISCLOSURES

Summary of transactions with group undertakings

Loans to related parties

Group undertakings

2025

2024

£

£

At start of year

0

0

Advanced

3,499,900

0

Repaid

0

0

Interest transactions

0

0

Revaluation

0

0

3,499,900

-

Amounts due from group company is loan to Brave Hearted Productions Limited of £3,499,900 (2024: £Nil).

Loans from related parties

Group undertakings

2025

2024

£

£

At start of year

248,892

455,826

Advanced

0

0

Repaid

(58,249

)

(203,288

)

Interest transactions

3,480

4,457

Revaluation

(4,466

)

(8,103

)

189,657

248,892

Amounts due to group companies are loans from Yash Raj Films USA Inc of £189,657 (2024: £190,643) and YRF Motion Pictures of £Nil (2024: £58,249).

14.	ULTIMATE CONTROLLING PARTY