REGISTERED NUMBER: 05170916 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TOFF GUY FILMS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Directors' Responsibilities Statement

4

Report of the Independent Auditors

5

Profit and Loss Account

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

G S Ritchie

R G Robinson

SECRETARY:

Cosec Services Limited

REGISTERED OFFICE:

5 Stratford Place

London

W1C 1AX

REGISTERED NUMBER:

05170916 (England and Wales)

AUDITORS:

Dixon Wilson Audit Services LLP

22 Chancery Lane

London

WC2A 1LS

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The company made a pre-tax profit of £19,038,348 (2024: £13,091,600) for the period. The principal activities of the company continued to be that of film directing and production.

PRINCIPAL RISKS AND UNCERTAINTIES

The company's income comes from film directing and producing. The principal risks and uncertainties are therefore primarily those inherent in the film industry. This is a well-established market which has historically continued to expand globally and the directors are very satisfied with the company's future trading prospects.

KEY PERFORMANCE INDICATORS

The directors monitor the performance of the business using various Key Performance Indicators ("KPIs"). The main KPIs were:

- Turnover for the company increased by 44.9% in the current year compared to the previous 9 month period.

- Operating profit for the company increased by 44.9% in the current year compared to the previous 9 month period.

Please note that the current period covers 12 months compared to 9 months in the previous period.

In the opinion of the directors, the company is in a strong position at the year end having generated significant profits in the current and previous accounting periods resulting in net assets of £29.5m at the year end.

OTHER INFORMATION AND EXPLANATIONS

Film directing and production turnover in any year is reflective of the stage of production a film reaches during the year and the success of the film once released. There will be occasions where this can lead to significant fluctuations in results across the company's financial periods. The production of film is ongoing and the company is able to withstand these movements.

ON BEHALF OF THE BOARD:

R G Robinson - Director

16 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activities of the company are that of film directing and production.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

G S Ritchie

R G Robinson

Other changes in directors holding office are as follows:

T F Theron resigned as director on 25 June 2025.

MEDIUM-SIZED COMPANIES EXEMPTION

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Dixon Wilson Audit Services LLP, were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a decision regarding their re-appointment will be made via circular resolution.

ON BEHALF OF THE BOARD:

R G Robinson - Director

16 December 2025

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Toff Guy Films Limited (the 'company') for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards ,including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Strategic Report and the Report of the Directors for the financial year for which the

financial statements are prepared is consistent with the financial statements; and

- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal

requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the company and its environment obtained in the course of the audit,

we have not identified material misstatements in the strategic report and the directors' report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company by considering, amongst other things, the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the assessed level of risk, but recognised that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, UK Company Law and UK tax legislation.

Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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.

Steven Wakefield (Senior Statutory Auditor)

For and on behalf of Dixon Wilson Audit Services LLP

22 Chancery Lane

London

WC2A 1LS

23 December 2025

TURNOVER

4

20,748,573

14,318,699

Cost of sales

(1,284,484

)

(891,039

)

GROSS PROFIT

19,464,089

13,427,660

Administrative expenses

(491,231

)

(333,591

)

18,972,858

13,094,069

Other operating income

9

-

OPERATING PROFIT

6

18,972,867

13,094,069

Interest receivable and similar income

7

65,637

14,120

19,038,504

13,108,189

Interest payable and similar expenses

8

(156

)

(16,589

)

PROFIT BEFORE TAXATION

19,038,348

13,091,600

Tax on profit

9

(3,496,964

)

(2,415,707

)

PROFIT FOR THE FINANCIAL YEAR

15,541,384

10,675,893

FIXED ASSETS

Tangible assets

11

6,269

2,098

Investments

12

3

3

6,272

2,101

CURRENT ASSETS

Debtors

13

29,811,624

15,472,304

Cash at bank

1,643,214

509,753

31,454,838

15,982,057

CREDITORS

Amounts falling due within one year

14

(1,997,596

)

(2,062,028

)

NET CURRENT ASSETS

29,457,242

13,920,029

TOTAL ASSETS LESS CURRENT LIABILITIES

29,463,514

13,922,130

CAPITAL AND RESERVES

Called up share capital

15

1

1

Retained earnings

29,463,513

13,922,129

SHAREHOLDERS' FUNDS

29,463,514

13,922,130

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

R G Robinson - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 July 2023

1

3,246,236

3,246,237

Changes in equity

Total comprehensive income

-

10,675,893

10,675,893

Balance at 31 March 2024

1

13,922,129

13,922,130

Changes in equity

Total comprehensive income

-

15,541,384

15,541,384

Balance at 31 March 2025

1

29,463,513

29,463,514

1.	STATUTORY INFORMATION

Toff Guy Films 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.

The financial statements are prepared in Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and

disclosures;

- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues; Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 'Share based Payment'; Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 'Related Party Disclosures': Compensation for key management personnel.

Turnover

Turnover represents directing, producing and writing fees, profit participations and residuals receivable (net of Value Added Tax).

Directing fees are recognised when the company is considered to have fulfilled its contracted delivery obligations.

Profit participation income is recognised as income when receivable in respect of periods ending within the accounting year.

Tangible fixed assets

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

Computer equipment

-

Straight line over 5 years

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Investments in associates

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Reporting period

The prior reporting period had been shortened to 9 months, ending 31 March 2024. The comparative amounts presented in these financial statements are therefore not entirely comparable.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Film directing and production

20,748,573

14,318,699

20,748,573

14,318,699

5.	EMPLOYEES AND DIRECTORS

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Wages and salaries

222,835

184,848

Social security costs

25,809

23,837

Other pension costs

2,949

1,667

251,593

210,352

The average number of employees during the year was as follows:

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

Employees (including directors)

4

3

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Directors' remuneration

60,000

45,000

6.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

642

449

Profit on disposal of fixed assets

(9

)

-

Foreign exchange differences

(40,630

)

(45,795

)

Directors' remuneration

60,000

45,000

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

6,500

6,000

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Bank account interest

4,834

14,120

Interest due on tax

60,803

-

65,637

14,120

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Interest payable

156

16,589

9.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

4,064,442

2,956,032

Prior period adjustments

(566,860

)

(564,349

)

Foreign current tax on profits

for the current period

3,017

24,024

Foreign tax on prior

period profits

(3,635

)

-

Tax on profit

3,496,964

2,415,707

UK corporation tax has been charged at 25% .

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

Profit before tax

19,038,348

13,091,600

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

4,759,587

3,272,900

Effects of:

Expenses not deductible for tax purposes

3,139

793

Capital allowances in excess of depreciation

(1,537

)

(279

)

Adjustments to tax charge in respect of previous periods

(566,860

)

(564,349

)

corporation tax rate

Group relief

(696,747

)

(318,000

)

Non-trade loan relationships

-

618

Foreign taxation

3,017

24,024

Foreign taxation in respect of prior periods

(3,635

)

-

Total tax charge

3,496,964

2,415,707

10.	AUDIT FEES

Period

1.7.23

Year Ended

to

31.3.25

31.3.24

£

£

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

6,500

6,000

11.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

2,997

Additions

5,374

Disposals

(749

)

At 31 March 2025

7,622

DEPRECIATION

At 1 April 2024

899

Charge for year

642

Eliminated on disposal

(188

)

At 31 March 2025

1,353

NET BOOK VALUE

At 31 March 2025

6,269

At 31 March 2024

2,098

12.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

3

NET BOOK VALUE

At 31 March 2025

3

At 31 March 2024

3

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

Exit Light Productions Limited

Registered office: Apartment 305, 4 Wood Crescent, London, England, W12 7GP

Nature of business: Film commissioning

%

Class of shares:

holding

Ordinary Direct

33.30

Ordinary Indirect

Interpreter Productions Limited

Registered office: Apartment 305, 4 Wood Crescent, London, England, W12 7GP

Nature of business: Film production

%

Class of shares:

holding

Ordinary Direct

Ordinary Indirect

33.30

Postmaster Productions Limited

Registered office: 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE

Nature of business: Film commissioning

%

Class of shares:

holding

Ordinary Direct

50.00

Ordinary Indirect

Hacienda Productions Limited

Registered office: 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE

Nature of business: Film commissioning

%

Class of shares:

holding

Ordinary Direct

50.00

Ordinary Indirect

MOUW Productions Limited

Registered office: 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE

Nature of business: Film production

%

Class of shares:

holding

Ordinary Direct

Ordinary Indirect

50.00

Green Gold Productions Limited

Registered office: 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE

Nature of business: Film production

%

Class of shares:

holding

Ordinary Direct

Ordinary Indirect

50.00

At the balance sheet date, the company had granted a fixed charge over its investment in the above associates as security for borrowings. This charge remains outstanding and is registered at Companies House.

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

32,824

476,537

Amounts owed by group undertakings

26,440,472

11,575,449

Tax

407,979

-

Prepayments and accrued income

2,930,349

3,420,318

29,811,624

15,472,304

14.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

166,456

76,674

Amounts owed to participating interests

3

3

Taxation

-

744,821

Social security and other taxes

817

10,147

VAT

1,230,592

788,239

Accruals and deferred income

599,728

442,144

1,997,596

2,062,028

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

16.	RETIREMENT BENEFIT SCHEMES

31.3.25

31.3.24

Defined contribution schemes

£

£

Charge to profit or loss in respect of defined contribution schemes

2,949

1,667

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17.	RELATED PARTY DISCLOSURES

During the period the company recognised fees receivable of £1,605,523 (2024: £1,267,890) due from MOUW Productions Limited, an associated company. At the period end, the balance due to the company was £Nil (2024: £31,666).

During the period the company recognised fees receivable of £897,002 (2024: £5,059,233) due from Green Gold Productions Limited, an associated company. At the period end, the balance due to the company was £Nil (2024: £38,000).