Silverfin false false 30/06/2025 01/07/2024 30/06/2025 C E Mendoza-Hall 23/06/2023 D A Mendoza-Hall 23/06/2023 B P Ottewell 11/01/2024 17 March 2026 no description of principal activity 14955810 2025-06-30 14955810 bus:Director1 2025-06-30 14955810 bus:Director2 2025-06-30 14955810 bus:Director3 2025-06-30 14955810 2024-06-30 14955810 core:CurrentFinancialInstruments 2025-06-30 14955810 core:CurrentFinancialInstruments 2024-06-30 14955810 core:ShareCapital 2025-06-30 14955810 core:ShareCapital 2024-06-30 14955810 core:OtherCapitalReserve 2025-06-30 14955810 core:OtherCapitalReserve 2024-06-30 14955810 core:RetainedEarningsAccumulatedLosses 2025-06-30 14955810 core:RetainedEarningsAccumulatedLosses 2024-06-30 14955810 core:OtherResidualIntangibleAssets 2024-06-30 14955810 core:OtherResidualIntangibleAssets 2025-06-30 14955810 core:LandBuildings 2024-06-30 14955810 core:OtherPropertyPlantEquipment 2024-06-30 14955810 core:LandBuildings 2025-06-30 14955810 core:OtherPropertyPlantEquipment 2025-06-30 14955810 core:CostValuation 2024-06-30 14955810 core:DisposalsRepaymentsInvestments 2025-06-30 14955810 core:CostValuation 2025-06-30 14955810 core:ProvisionsForImpairmentInvestments 2024-06-30 14955810 core:ProvisionsForImpairmentInvestments 2025-06-30 14955810 bus:OrdinaryShareClass1 2025-06-30 14955810 core:WithinOneYear 2025-06-30 14955810 core:WithinOneYear 2024-06-30 14955810 core:BetweenOneFiveYears 2025-06-30 14955810 core:BetweenOneFiveYears 2024-06-30 14955810 2024-07-01 2025-06-30 14955810 bus:FilletedAccounts 2024-07-01 2025-06-30 14955810 bus:SmallEntities 2024-07-01 2025-06-30 14955810 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 14955810 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 14955810 bus:Director1 2024-07-01 2025-06-30 14955810 bus:Director2 2024-07-01 2025-06-30 14955810 bus:Director3 2024-07-01 2025-06-30 14955810 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-07-01 2025-06-30 14955810 core:LandBuildings core:TopRangeValue 2024-07-01 2025-06-30 14955810 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-07-01 2025-06-30 14955810 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-07-01 2025-06-30 14955810 2023-06-23 2024-06-30 14955810 core:OtherResidualIntangibleAssets 2024-07-01 2025-06-30 14955810 core:LandBuildings 2024-07-01 2025-06-30 14955810 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 14955810 core:OtherProvisionsContingentLiabilities 2024-07-01 2025-06-30 14955810 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 14955810 bus:OrdinaryShareClass1 2023-06-23 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14955810 (England and Wales)

# GRID STUDIOS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

GRID STUDIOS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

GRID STUDIOS LIMITED

## COMPANY INFORMATION

For the financial year ended 30 June 2025
GRID STUDIOS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 June 2025

DIRECTORS | C E Mendoza-Hall
| D A Mendoza-Hall
| B P Ottewell

REGISTERED OFFICE | 11 Nursery Close
| Sevenoaks
| TN13 3PR
| United Kingdom

COMPANY NUMBER | 14955810 (England and Wales)

ACCOUNTANT | S&W Partners (South East) Limited
| Brockbourne House
| 77 Mount Ephraim
| Royal Tunbridge Wells
| TN4 8BS

GRID STUDIOS LIMITED

## BALANCE SHEET

As at 30 June 2025
GRID STUDIOS LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 30.06.2025 |  | 30.06.2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 5,945 |  | 7,565
Tangible assets | 4 | 188,090 |  | 189,914
Investments | 5 | 0 |  | 54,355
|  | 194,035 |  | 251,834
Current assets |  |  |  |
Debtors | 6 | 187,785 |  | 112,583
Cash at bank and in hand |  | 20,725 |  | 29,913
|  | 208,510 |  | 142,496
Creditors: amounts falling due within one year | 7 | ( 22,169) |  | ( 1,863)
Net current assets |  | 186,341 |  | 140,633
Total assets less current liabilities |  | 380,376 |  | 392,467
Provision for liabilities | 8 | 0 |  | ( 54,355)
Net assets |  | 380,376 |  | 338,112
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Other reserves |  | 548,000 |  | 448,000
Profit and loss account |  | ( 167,724 ) |  | ( 109,988 )
Total shareholders' funds |  | 380,376 |  | 338,112

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Grid Studios Limited (registered number: 14955810) were approved and authorised for issue by the Board of Directors on 17 March 2026. They were signed on its behalf by:

C E Mendoza-Hall Director |

GRID STUDIOS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
GRID STUDIOS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Grid Studios Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Nursery Close, Sevenoaks, TN13 3PR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Grid Studios Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The company recorded a loss for the year and has net assets of £380,376 (2024: £338,112).
The directors have produced forecasts which indicate that the Company should have sufficient resources to continue in operational existence for the foreseeable future and are satisfied that the Company can meet its liabilities as they fall due. This assessment is reliant on funding required within 12 months from the Balance Sheet date which the directors are confident will be received. For this reason, the Directors have prepared the financial statements on a going concern basis.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 10 years straight line
Plant and machinery etc. | 4 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Year ended 30.06.2025 |  | Period from 23.06.2023 to 30.06.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 2

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 8,100 |  | 8,100
At 30 June 2025 | 8,100 |  | 8,100
Accumulated amortisation |  |  |
At 01 July 2024 | 535 |  | 535
Charge for the financial year | 1,620 |  | 1,620
At 30 June 2025 | 2,155 |  | 2,155
Net book value |  |  |
At 30 June 2025 | 5,945 |  | 5,945
At 30 June 2024 | 7,565 |  | 7,565

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 July 2024 | 164,425 |  | 32,030 |  | 196,455
Additions | 0 |  | 27,077 |  | 27,077
At 30 June 2025 | 164,425 |  | 59,107 |  | 223,532
Accumulated depreciation |  |  |  |  |
At 01 July 2024 | 5,268 |  | 1,273 |  | 6,541
Charge for the financial year | 16,443 |  | 12,458 |  | 28,901
At 30 June 2025 | 21,711 |  | 13,731 |  | 35,442
Net book value |  |  |  |  |
At 30 June 2025 | 142,714 |  | 45,376 |  | 188,090
At 30 June 2024 | 159,157 |  | 30,757 |  | 189,914

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 July 2024 | 54,356 |  | 54,356
Disposals | ( 54,356) |  | ( 54,356)
At 30 June 2025 | 0 |  | 0
Provisions for impairment |  |  |
At 01 July 2024 | 54,356 |  | 54,356
Disposals | (54,356) |  | (54,356)
At 30 June 2025 | 0 |  | 0
Carrying value at 30 June 2025 | 0 |  | 0
Carrying value at 30 June 2024 | 0 |  | 0

#### 6. Debtors

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Trade debtors | 80,534 |  | 4,888
Amounts owed by associates | 30,685 |  | 15,450
Other debtors | 76,566 |  | 92,245
| 187,785 |  | 112,583

#### 7. Creditors: amounts falling due within one year

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Other taxation and social security | 15,267 |  | 790
Other creditors | 6,902 |  | 1,073
| 22,169 |  | 1,863

#### 8. Provision for liabilities

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Other provisions | 0 |  | 54,355

Other

Other provisions relate to the excess on certain insurance policies in respect of cover against legal claims which arise in the ordinary course of business and we expect these claims to settle within the next six months.

#### 9. Called-up share capital

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000,000 Ordinary shares of £ 0.0001 each | 100 |  | 100

#### 10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 30.06.2025 |  | 30.06.2024
| £ |  | £
within one year | 72,676 |  | 72,676
between one and five years | 218,106 |  | 290,782
Total future minimum lease payments under non-cancellable operating leases | 290,782 |  | 363,458

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents total contributions payable by the company to the fund and amounted to £658 (2024: £Nil).

| 30.06.2025 |  | 30.06.2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 219 |  | 0

#### 11. Related party transactions

During the year the directors received advances of £25,898(2024: £31,794), which attracts interest at 2.25% per annum. At the balance sheet date the total owed by the directors was £59,040 (2024: £31,973).