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Registration number: 11351256

Dupe VFX Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Dupe VFX Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Dupe VFX Limited

Company Information

Director | Mr J Harris

Registered office | The Print House 18-22 Ashwin Street London E8 3DL

Accountants | JTTF Accountants Ltd Office 20 1 Rocks Lane Barnes London SW13 0DB

Dupe VFX Limited

(Registration number: 11351256)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 7,991 | 35,833
Tangible assets | 5 | 116,192 | 250,202
Investments | 6 | 100 | 100
|  | 124,283 | 286,135
Current assets |  |  |
Debtors | 7 | 52,954 | 143,893
Cash at bank and in hand |  | 61,762 | 107,604
|  | 114,716 | 251,497
Creditors: Amounts falling due within one year | 8 | (461,004) | (916,474)
Net current liabilities |  | (346,288) | (664,977)
Total assets less current liabilities |  | (222,005) | (378,842)
Creditors: Amounts falling due after more than one year | 8 | (117,911) | (253,663)
Net liabilities |  | (339,916) | (632,505)
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | (340,016) | (632,605)
Shareholders' deficit |  | (339,916) | (632,505)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 February 2026

Dupe VFX Limited

(Registration number: 11351256)
Balance Sheet as at 31 May 2025

......................................... Mr J Harris Director

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Print House
18-22 Ashwin Street
London
E8 3DL

These financial statements were authorised for issue by the director on 16 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 20% straight-line method
Fixtures and fittings | 20% straight-line method
Computer equipment | 33.33% straight-line method
Motor Vehicles | 20% straight-line method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Software | 33.33% straight-line method

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2024 - 25).

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Goodwill £ | Other intangible assets £ | Total £
Cost or valuation
At 1 June 2024 | 75,000 | 134,341 | 209,341
At 31 May 2025 | 75,000 | 134,341 | 209,341
Amortisation
At 1 June 2024 | 75,000 | 98,508 | 173,508
Amortisation charge | - | 27,842 | 27,842
At 31 May 2025 | 75,000 | 126,350 | 201,350
Carrying amount
At 31 May 2025 | - | 7,991 | 7,991
At 31 May 2024 | - | 35,833 | 35,833

5 | Tangible assets

| Short leasehold land and buildings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 152,692 | 768,732 | 71,822 | 993,246
Additions | - | 2,270 | - | 2,270
Disposals | - | - | (71,822) | (71,822)
At 31 May 2025 | 152,692 | 771,002 | - | 923,694
Depreciation
At 1 June 2024 | 54,021 | 644,733 | 44,290 | 743,044
Charge for the year | 24,798 | 83,950 | 13,167 | 121,915
Eliminated on disposal | - | - | (57,457) | (57,457)
At 31 May 2025 | 78,819 | 728,683 | - | 807,502
Carrying amount
At 31 May 2025 | 73,873 | 42,319 | - | 116,192
At 31 May 2024 | 98,671 | 123,999 | 27,532 | 250,202

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Included within the net book value of land and buildings above is £73,873 (2024 - £98,671) in respect of short leasehold land and buildings.

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 31,674 | -
Prepayments | 18,676 | 91,420
Other debtors | 2,604 | 52,473
| 52,954 | 143,893

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 102,560 | 148,098
Trade creditors |  | 180,690 | 235,350
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 25,427 | 38,489
Taxation and social security |  | 132,491 | 374,925
Accruals and deferred income |  | 16,907 | 115,765
Other creditors |  | 2,929 | 3,847
|  | 461,004 | 916,474

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 117,911 | 253,663

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.0001 (2024 - £1) each | 1,000,000 | 100.00 | 100 | 100

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 110,729 | 182,126
Hire purchase contracts | 7,182 | 71,537
| 117,911 | 253,663

Dupe VFX Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 44,000 | 44,000
Hire purchase contracts | 58,560 | 104,098
| 102,560 | 148,098

11 | Related party transactions

Summary of transactions with subsidiaries

At May 31, 2025 the company owed £25,427 to a subsidiary company, Dupe VFX West Coast Ltd.