Company No: 07206641 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	10,296		3,682
Investments	4	3,417,384		2,792,884
		3,427,680		2,796,566
Current assets
Debtors	5	2,222,278		2,485,150
Cash at bank and in hand		503,203		317,386
		2,725,481		2,802,536
Creditors: amounts falling due within one year	6	( 326,105)		( 362,543)
Net current assets		2,399,376		2,439,993
Total assets less current liabilities		5,827,056		5,236,559
Net assets		5,827,056		5,236,559
Capital and reserves
Called-up share capital	7	1		1
Revaluation reserve		169,067		0
Profit and loss account		5,657,988		5,236,558
Total shareholders' funds		5,827,056		5,236,559

For the financial 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Calamity Films Limited (registered number: 07206641) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D E Livingstone Director

29 May 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Calamity Films Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 138 Portobello Road, London, W11 2DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	5		5

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 September 2024	44,372		44,372
Additions	10,678		10,678
At 31 August 2025	55,050		55,050
Accumulated depreciation
At 01 September 2024	40,690		40,690
Charge for the financial year	4,064		4,064
At 31 August 2025	44,754		44,754
Net book value
At 31 August 2025	10,296		10,296
At 31 August 2024	3,682		3,682

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	8
At 31 August 2025	8
Carrying value at 31 August 2025	8
Carrying value at 31 August 2024	8

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 September 2024	2,792,876		2,792,876
Additions	943,525		943,525
Disposals	( 445,842)		( 445,842)
Movement in fair value	126,817		126,817
At 31 August 2025	3,417,376		3,417,376
Carrying value at 31 August 2025	3,417,376		3,417,376
Carrying value at 31 August 2024	2,792,876		2,792,876

Investments in shares

The following were subsidiary undertakings of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.08.2025	Ownership 31.08.2024
Brassic Park Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Brassic World Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Brassic Kingdom Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Brassic Universe Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Calamity Music Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Classic Brassic Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Brassic Legacy Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%
Brassic Gold Ltd	138 Portobello Road, London, W11 2DZ	Television Programme Production	Ordinary	100.00%	100.00%

5. Debtors

	2025		2024
	£		£
Trade debtors	495,016		1,734,371
Amounts owed by group undertakings	924,943		605,261
Other debtors	802,319		145,518
	2,222,278		2,485,150

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	6,568		76,286
Amounts owed to group undertakings	1,638		1
Other taxation and social security	60,238		279,459
Other creditors	257,661		6,797
	326,105		362,543

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100,000 Ordinary A shares of £ 0.00001 each	1		1

8. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	0		4,665

9. Related party transactions

During the year under review all related party transactions arose on an arm's length basis through the normal course of business.

FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Included within other creditors was a loan of £2,000 (2024: £2,000) due to Mr D E Livingstone.