REGISTERED NUMBER: 09674371 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

AZURE FILMS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

116

175

Investment property

5

870,360

870,360

870,476

870,535

CURRENT ASSETS

Debtors

6

-

1,274

Cash at bank

31,174

47,071

31,174

48,345

CREDITORS

Amounts falling due within one year

7

16,067

16,754

NET CURRENT ASSETS

15,107

31,591

TOTAL ASSETS LESS CURRENT LIABILITIES

885,583

902,126

CREDITORS

Amounts falling due after more than one year

8

271,676

289,282

NET ASSETS

613,907

612,844

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

613,906

612,843

SHAREHOLDERS' FUNDS

613,907

612,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

Mrs M R Waterstone - Director

1.	STATUTORY INFORMATION

Azure Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09674371

Registered office:

18 Glasshouse Studios

Fryern Court Road

Fordingbridge

Hampshire

SP6 1QX

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase with general inflation in which case the income is recognised as revenue in accordance with the expected payments.

Tangible assets

Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated, using the straight-line method, to allocate the depreciable amount to their residual values over their estimated useful lives, as follows:

Plant and machinery etc: 4 years

Investment property

Investment property is initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment property whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Statement of Comprehensive Income in the period in which it arises. Such gains or losses are transferred from retained earnings to a non-distributable reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

925

DEPRECIATION

At 1 August 2024

750

Charge for year

59

At 31 July 2025

809

NET BOOK VALUE

At 31 July 2025

116

At 31 July 2024

175

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

870,360

NET BOOK VALUE

At 31 July 2025

870,360

At 31 July 2024

870,360

The director values the company's investment property annually at the balance sheet date. The director uses their own knowledge and experience to assess the open market value of the property.

The historical cost of the company's investment property is £870,360 (2024 - £870,360).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,274

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,287

11,009

Taxation and social security

615

4,809

Other creditors

1,165

936

16,067

16,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

271,676

289,282

Bank loans outstanding at the year end include instalments due after more than five years of £208,882 (2024 - £240,894).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

285,963

300,291

The bank loan is secured against the investment property of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mrs M R Waterstone

Balance outstanding at start of year

1,001

1

Amounts advanced

-

2,000

Amounts repaid

(1,001

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,001

Loans to directors are unsecured and are repayable on demand. Interest is charged at HM Revenue and Customs' official rate of interest on any beneficial loan amounts.