ITHACA House Limited

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

Registered number: 15971646

		31 December 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		348

			348
CURRENT ASSETS
Debtors	5	1,120,190
Cash at bank and in hand		7,312

		1,127,502
Creditors: Amounts Falling Due Within One Year	6	(1,127,849 )

NET CURRENT ASSETS (LIABILITIES)			(347 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1

NET ASSETS			1

CAPITAL AND RESERVES
Called up share capital	7		1

SHAREHOLDERS' FUNDS			1

Page 1

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ITHACA House Limited

Balance Sheet (continued)

As At 31 December 2025

For the period ending 31 December 2025 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

Ms Colette Delaney-Smith

Director

29 May 2026

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

1. General Information

ITHACA House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15971646 . The registered office is Flat 77 Philbeach Gardens , Flat 4, London, SW5 9EX.

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. Turnover

Turnover relates to the production of a film. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% reducing balance

2.4. Taxation

The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which is included in sales. 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, including directors, during the period was: 4

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 23 September 2024	-
Additions	428

As at 31 December 2025	428

...CONTINUED

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ITHACA House Limited

Notes to the Financial Statements (continued)

For the Period 23 September 2024 to 31 December 2025

Depreciation
As at 23 September 2024	-
Provided during the period	80

As at 31 December 2025	80

Net Book Value
As at 31 December 2025	348

As at 23 September 2024	-

5. Debtors

	31 December 2025
	£
Due within one year
Other debtors	1,120,190

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Trade creditors	6,729
Amounts owed to participating interests	420,579
Other creditors	700,541

	1,127,849

7. Share Capital

	31 December 2025
	£
Allotted, Called up and fully paid	1

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