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Company registration number:
14275668
1 Up Productions Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 August 2025
The Blue Skies Partnership
Skyview House, 10 St Neots Road , Sandy, Bedfordshire, SG19 1LB, United Kingdom
1 Up Productions Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of 1 Up Productions Ltd
Year ended
31 August 2025
As described on the abridged statement of financial position, the Board of Directors of
1 Up Productions Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
31 August 2025
, which comprise the abridged income statement, statement of income and retained earnings, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
The Blue Skies Partnership
Skyview House
10 St Neots Road
Sandy
Bedfordshire
SG19 1LB
United Kingdom
Date:
30 April 2026
1 Up Productions Ltd
Abridged Statement of Financial Position
31 August 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 412 |  | 517 |
Current assets |  |  |  |  |
Debtors |  | 851,129 |  | - |
Cash at bank and in hand |  | 400,654 |  | 274 |
|  | 1,251,783 |  | 274 |
Creditors: amounts falling due within one year |  | (1,111,416 | ) | 3,369 |
Net current assets |  | 140,367 |  | 3,643 |
Total assets less current liabilities |  | 140,779 |  | 4,160 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 140,679 |  | 4,060 |
Shareholders funds |  | 140,779 |  | 4,160 |

For the year ending
31 August 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 abridged financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 August 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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 income statement has not been delivered.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
30 April 2026
, and are signed on behalf of the board by:

Mr C Anderson | Ms M De La Vega | Mr P Doyle
Director | Director | Director
Mr B Vignola |  |
Director |  |

Company registration number:
14275668
1 Up Productions Ltd
Notes to the Abridged Financial Statements
Year ended
31 August 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
128 City Road
,
London
,
EC1V 2NX
, United Kingdom.

## 2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

## Disclosure Exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 and as such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) Disclosures in respect of each class of share capital have not been presented.
(b) No cash flow statement has been presented for the company.
(c) Disclosures in respect of financial instruments have not been presented.
(d) Disclosures in respect of share-based payments have not been presented.
(e) No disclosure has been given for the aggregate remuneration of key management personnel

## Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
During the period in questions, apart from those involving estimations, the management has made no judgements or uncertain policy, within the process of applying the entity’s accounting policies.

## Turnover

Fee income represents revenue earned under a wide variety of contracts to provide production services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors. Payments on account in excess of the relevant amount of revenue are included in creditors. Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

## Current tax

Taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 20% straight line

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Foreign Exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are revalued at the pound sterling rates on the reporting end date. Gains and losses arising on revaluation in the period are included within the profit or loss.

## 4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
4
).

## 5 Fixed assets

| Tangible assets
--- | ---
| £
Cost |  |
At 1 September 2024 and 31 August 2025 | 526 |
Depreciation |  |
At 1 September 2024 | 9 |
Charge | 105 |
At 31 August 2025 | 114 |
Carrying amount |  |
At 31 August 2025 | 412 |
At 31 August 2024 | 517 |

## 6 Directors' advances, credit and guarantees

Amounts of £7,298 were advanced interest free, and repayable on demand, to the directors during the year. At the year end, £5,440 was owed to the directors by the company.
C Anderson - owed £1,808 by the company (2024: owed £1,288 by the company)
M De La Vega - owed £520 by the company (2024: owed £641 to the company)
P Doyle - owed £520 by the company (2024: owed £736 to the company)
B Vignola - owed £2,592 by the company (2024: owed £2,072 by the company)