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COMPANY REGISTRATION NUMBER: 16627736

Buccaneer (Crow Girl 2) Limited

Filleted Financial Statements

28 February 2026

Buccaneer (Crow Girl 2) Limited

Statement of Financial Position

28 February 2026

| 28 Feb 26
Note | £

Current assets

Debtors | 5 | 3,514,649
Cash at bank and in hand | 22,606
| ------------
| 3,537,255

Creditors: amounts falling due within one year | 6 | ( 3,537,254)
| ------------
Net current assets | 1
| ----
Total assets less current liabilities | 1
| ----
Net assets | 1
| ----

Capital and reserves

Called up share capital | 7 | 1
| ----
Shareholders funds | 1
| ----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The director acknowledges his 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 were approved by the board of directors and authorised for issue on 12 May 2026 , and are signed on behalf of the board by:

P Vellacott |
Director |

Company registration number: 16627736

Buccaneer (Crow Girl 2) Limited

Notes to the Financial Statements

Period from 4 August 2025 to 28 February 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 275 Gray's Inn Road, 1st Floor, London, United Kingdom, WC1X 8QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling rate at the rates of the exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Significant estimation technique adopted
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue recognition" below.
Comparatives
The accounts cover the period from incorporation through to 28 February 2026, hence there are no comparative figures.
The accounting period has been shortened to ensure that the accounting period and expenditure credit claim is conterminous.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover relates to the production of the television series entitled "The Crow Girl - Series 2". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The 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. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, is recognised in income in the period in which it becomes receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Intra-group borrowings are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4. Employees
The company has been incorporated to produce a high-end television series called "The Crow Girl - Series 2". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5. Debtors

| 28 Feb 26
| £
Prepayments and accrued income | 946,993
VAT recoverable | 487,423
Government grant receivable | 2,079,632
Other debtors | 601
| ------------
| 3,514,649
| ------------

6. Creditors: amounts falling due within one year

| 28 Feb 26
| £
Trade creditors | 233,126
Accruals and deferred income | 256,977
Corporation tax | 519,908
Social security and other taxes | 107,403
Production loan | 2,419,840
| ------------
| 3,537,254
| ------------

The loan has been secured against the anticipated future audio visual expenditure credit.
7. Called up share capital
Issued, called up and fully paid

| 28 Feb 26
| No. | £
Ordinary shares of £ 1 each | 1 | 1
| ---- | ----

8. Contingent liabilities
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Bank of America, N.A
9. Summary audit opinion
The auditor's report dated 12 May 2026 was unqualified .
The senior statutory auditor was Stephen Joberns , for and on behalf of Moore Kingston Smith LLP .
10. Related party transactions
The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
11. Controlling party
In the opinion of the directors the immediate parent undertaking is Buccaneer Media Limited, a company incorporated in England and Wales. The company's ultimate parent undertaking is Cineflix Media Incorporated, a company registered in Canada. The largest and smallest group in which the results of the company are consolidated is that headed by Cineflix Media Incorporated, registered office at 3510 Saint-Laurent Boulevard, Suite 202, Montreal QC H2X 2V2, Canada. The consolidated financial statements of of Cineflix Media Incorporated are not available to the public.