Lightroom KX Productions Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15221571

		31 January 2026		31 May 2025
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	1,448,029		1,390,644
Debtors	5	1,887,688		926,187
Cash at bank and in hand		14,221		20,622

		3,349,938		2,337,453
Creditors: Amounts Falling Due Within One Year	6	(3,349,937 )		(2,337,452 )

NET CURRENT ASSETS (LIABILITIES)			1		1

TOTAL ASSETS LESS CURRENT LIABILITIES			1		1

NET ASSETS			1		1

CAPITAL AND RESERVES
Called up share capital	7		1		1

SHAREHOLDERS' FUNDS			1		1

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Lightroom KX Productions Ltd

Balance Sheet (continued)

As At 31 January 2026

For the period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Slaney

Director

15 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lightroom KX Productions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15221571 . The registered office is Lightroom Stage Door, 1 Wollstonecraft Street, London, N1C 4BT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover relates to the production of two films. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.

The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The tax currently payable is based on taxable profit for the year. The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which in included in other operating income. A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.

3. Average Number of Employees

Average number of employees (directors who are not employees excluded) during the period was: NIL (2025: NIL)

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Lightroom KX Productions Ltd

Notes to the Financial Statements (continued)

For the Period 1 June 2025 to 31 January 2026

4. Stocks

	31 January 2026	31 May 2025
	£	£
Work in progress	1,448,029	1,390,644

5. Debtors

	31 January 2026	31 May 2025
	£	£
Due within one year
Other debtors	1,887,688	926,187

6. Creditors: Amounts Falling Due Within One Year

	31 January 2026	31 May 2025
	£	£
Trade creditors	1,019,084	935,445
Amounts owed to group undertakings	2,314,353	894,917
Other creditors	16,500	507,090

	3,349,937	2,337,452

7. Share Capital

	31 January 2026	31 May 2025
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

The Company has taken advantage of the exemptions in Section 33.1A of FRS 102 not to disclose transactions with other wholly-owned group undertakings

9. Ultimate Controlling Party

The company's ultimate controlling party is Lightroom KX Limited, a company incorporated in England & Wales by virtue of his ownership of 100% of the issued share capital in the company.

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