Company registration number 16029906 (England and Wales)
PLP (HEIST) FILMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 13 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
PLP (HEIST) FILMS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PLP (HEIST) FILMS LTD
BALANCE SHEET
AS AT
13 FEBRUARY 2026
13 February 2026
- 1 -
13 February 2026
8 May 2025
Notes
£
£
£
£
Current assets
Film Production Cost (WIP)
1,020,480
852,697
Debtors
3
55,986
337,168
Cash at bank and in hand
2,111
2,112
1,078,577
1,191,977
Creditors: amounts falling due within one year
4
(778,886)
(937,806)
Net current assets
299,691
254,171
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
299,690
254,170
Total equity
299,691
254,171

For the financial period ended 13 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 April 2026 and are signed on its behalf by:
J Hogan
Director
Company registration number 16029906 (England and Wales)
PLP (HEIST) FILMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 13 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information

PLP (Heist) Films Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 120 Muswell Hill Road, London, N10 3JD. The company was incorporated on the 20 October 2024 and commenced trading that day.

1.1
Reporting period

The directors have decided to decrease the company's period end by 9 months and 5 days, starting from 8th May 205 to 13 February 202 6. The reason being is to align the company's period end with the end of Post Production.

The current period is not comparable with the prior period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Film Production Cost (WIP)

Film production costs comprises of the production costs for the motion picture 'No Ordinary Heist'. The cost

will be amortised to the income statement when the production is complete and all risk and reward of the

production have transferred to the distributing company potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

PLP (HEIST) FILMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 FEBRUARY 2026
1
Accounting policies
(Continued)
- 3 -
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 are not amortised.

Classification 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 and loans from fellow group companies 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at 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. A m ounts 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable on the gross amount of the Audio Visual Expenditure Credit.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

PLP (HEIST) FILMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9

Audio Visual Expenditure Credit treated as Other Operating Income

The company is engaged in producing a motion picture feature film and has claimed expenditure under the government’s Audio Visual Expenditure Credit scheme. These credits are classified as above-the-line credits and therefore are included within "Other Operating Income" on the face of the profit and loss account.

The expenditure credit is calculated based on the core costs incurred by the production on eligible spending during the accounting period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2026
2025
Number
Number
Total
2
9
3
Debtors
2026
2025
Amounts falling due within one year:
£
£
Corporation tax recoverable
45,520
254,170
Other debtors
10,466
82,998
55,986
337,168
4
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
-
0
250,752
Trade creditors
5,796
66,851
Other creditors
773,090
620,203
778,886
937,806
PLP (HEIST) FILMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 FEBRUARY 2026
- 5 -
5
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1

The company has in issue 1 share at £1 per share. This share carry's full dividend, voting and distribution rights.

6
Related party transactions

The following amounts were outstanding at the reporting end date:

2026
2025
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
1,090
1,090
Other related parties
361,826
197,435
7
Parent company

The company is a wholly owned subsidiary of Picture Locked Productions Limited, a company incorporated in England and Wales. Its registered address is Flat 1, 120 Muswell Hill Road, London, England, N10 3JD

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