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REGISTERED NUMBER: 02287829 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

ON LINE EDITING LIMITED

ON LINE EDITING LIMITED (REGISTERED NUMBER: 02287829)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

ON LINE EDITING LIMITED

Company Information

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | H M Lawson

| J Bhakar

| SECRETARY: | J Bhakar

| REGISTERED OFFICE: | 375 City Road

| London

| EC1V 1NB

| REGISTERED NUMBER: | 02287829 (England and Wales)

| AUDITORS: | Gravita Audit Western Limited

| Chartered Accountants and Statutory Auditors

| 2nd Floor, South

| One Castle Park

| Tower Hill

| Bristol

| BS2 0JA

ON LINE EDITING LIMITED (REGISTERED NUMBER: 02287829)

Balance Sheet

31 AUGUST 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,665 |  | 13,367 |  |

CURRENT ASSETS

Stocks | 532 |  | 532 |  |

Debtors | 5 | 1,685,703 |  | 1,725,637 |  |

Cash at bank | 358,344 |  | 12,455 |  |

2,044,579 |  | 1,738,624 |  |

CREDITORS

Amounts falling due within one year | 6 | (365,777 | ) | (147,017 | ) |

NET CURRENT ASSETS | 1,678,802 |  | 1,591,607 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,689,467 |  | 1,604,974 |  |

PROVISIONS FOR LIABILITIES | (2,240 | ) | (2,885 | ) |

NET ASSETS | 1,687,227 |  | 1,602,089 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Share premium | 735 |  | 735 |  |

Retained earnings | 1,685,492 |  | 1,600,354 |  |

SHAREHOLDERS' FUNDS | 1,687,227 |  | 1,602,089 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by:

J Bhakar - Director

ON LINE EDITING LIMITED (REGISTERED NUMBER: 02287829)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 AUGUST 2025

1. | COMPANY INFORMATION

| On Line Editing 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 company's principal activities and nature of its operations was that of film and video editing, and new media consultancy.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

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

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

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

| When the outcome of a transaction can be estimated reliably, turnover from projects is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the percentage complete of each project.

| Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| Tangible fixed assets

| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Plant and machinery - 25% on reducing balance

| Stocks

| Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

ON LINE EDITING LIMITED (REGISTERED NUMBER: 02287829)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents 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.

| 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 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 trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. 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.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| Taxation

| The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.

| Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting period.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

| Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

ON LINE EDITING LIMITED (REGISTERED NUMBER: 02287829)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 AUGUST 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 September 2024 | 362,359 |  |

| Additions | 870 |  |

| Disposals | (122,863 | ) |

| At 31 August 2025 | 240,366 |  |

| DEPRECIATION

| At 1 September 2024 | 348,992 |  |

| Charge for year | 3,572 |  |

| Eliminated on disposal | (122,863 | ) |

| At 31 August 2025 | 229,701 |  |

| NET BOOK VALUE

| At 31 August 2025 | 10,665 |  |

| At 31 August 2024 | 13,367 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 92,449 |  | 88,845 |  |

| Amounts owed by group undertakings | 1,591,656 |  | 1,635,791 |  |

| Prepayments and accrued income | 1,598 |  | 1,001 |  |

1,685,703 |  | 1,725,637 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 4,085 |  |

| Payments on account | 320,059 |  | 130,351 |  |

| Trade creditors | 5,414 |  | 466 |  |

| Tax | 1,627 |  | - |  |

| Accruals and deferred income | 38,677 |  | 12,115 |  |

365,777 |  | 147,017 |  |

ON LINE EDITING LIMITED (REGISTERED NUMBER: 02287829)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 AUGUST 2025

7. | SECURED DEBTS

| Any bank overdrafts and loans of this company or certain other companies of the Television and Film Productions Plc group are secured by a composite inter-company guarantee between these group companies, and a debenture over the assets of these companies. Total secured borrowing of the group as at 31 August 2025 was £2,222,267 (2024 - £2,340,673).

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

| The Report of the Auditors was unqualified.

| Matthew Bracher BSc FCA (Senior Statutory Auditor)

| for and on behalf of Gravita Audit Western Limited

9. | CONTINGENT LIABILITIES

| The company is registered with HMRC as a member of a group for VAT purposes and, as a result, is jointly and severally liable on a continuing basis for amounts owing by other members of that group in respect of unpaid VAT. The total value of VAT owed by the group at the period end was £494,289 (2024 - £493,958).

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. | ULTIMATE PARENT COMPANY

| The company's parent company is Television and Film Productions Plc whose registered office is 375, City Road, London, EC1V 1NB.

| The ultimate controlling party is Mr H M Lawson by virtue of his shareholding in Television and Film Productions Plc.