BLACKBOX TTNY MOVIE 1 LIMITED


Directors	CARDOSO, Chiara Elena
	CARDOSO, Daniele Alessandro
	PLACANICA, Roberto


Registered Address	32 Galena Road
	2 Floor
	London
	W6 0LT


Registered Number	14183551 (England and Wales)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors	3	70,553		3,501,275
Cash at bank and on hand		613		3,590
		71,166		3,504,865
Creditors amounts falling due within one year	4	(747,315)		(3,950,856)
Net current assets (liabilities)			(676,149)		(445,991)
Total assets less current liabilities			(676,149)		(445,991)
Creditors amounts falling due after one year	5		(1,451,097)		(1,421,097)
Net assets			(2,127,246)		(1,867,088)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(2,127,247)		(1,867,089)
Shareholders' funds			(2,127,246)		(1,867,088)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 May 2026, and are signed on its behalf by:

PLACANICA, Roberto
Director
Registered Company No. 14183551

BLACKBOX TTNY MOVIE 1 LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	The company is a wholly-owned subsidiary and has taken advantage of the exemption available under Section 33 of FRS 102 (as permitted for small entities under Section 1A) not to disclose transactions with other wholly owned group entities. All related party transactions during the financial year were conducted within the 100% owned subsidiary group.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	3,500,000
Other debtors	70,553	1,275
Total	70,553	3,501,275

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	747,315	491,226
Other creditors	-	3,432,154
Accrued liabilities and deferred income	-	27,476
Total	747,315	3,950,856

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	1,451,097	1,421,097
Total	1,451,097	1,421,097

6.	Controlling party
	The immediate parent undertaking is Blackbox Multimedia Limited, a company incorporated and registered in England & Wales, which owns between 75% and 100% of the issued share capital and voting rights of the Company. The ultimate controlling party is Trois I S.A. Investissements Industriels Internationaux, a company incorporated in Luxembourg, which exercises ultimate control by virtue of its 86.67% ownership of the ordinary share capital and voting rights of Blackbox Multimedia Limited. The company is controlled by the directors, who together are considered to be the ultimate controlling parties by virtue of their ownership and management of the company.

Controlling party

The immediate parent undertaking is Blackbox Multimedia Limited, a company incorporated and registered in England & Wales, which owns between 75% and 100% of the issued share capital and voting rights of the Company.

The ultimate controlling party is Trois I S.A. Investissements Industriels Internationaux, a company incorporated in Luxembourg, which exercises ultimate control by virtue of its 86.67% ownership of the ordinary share capital and voting rights of Blackbox Multimedia Limited. The company is controlled by the directors, who together are considered to be the ultimate controlling parties by virtue of their
ownership and management of the company.

7.	Parent-subsidiary relationships
	Blackbox TTNY Movie 1 Limited is wholly owned by Blackbox Multimedia Ltd a company incorporated in England and Wales.