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COMPANY REGISTRATION NUMBER: 15293941

Christmas Karma Limited

Filleted Unaudited Financial Statements

28 February 2026

Christmas Karma Limited

Statement of Financial Position

28 February 2026

| 2026 | 2025
Note | £ | £

Current assets

Stocks | 5,463,559 | 7,397,685
Debtors | 4 | 306,399 | 1,526,400
Cash at bank and in hand | 81,149 | 329,975
| ------------ | ------------
| 5,851,107 | 9,254,060

Creditors: amounts falling due within one year | 5 | 5,851,007 | 9,253,960
| ------------ | ------------
Net current assets | 100 | 100
| ---- | ----
Total assets less current liabilities | 100 | 100
| ---- | ----
Net assets | 100 | 100
| ---- | ----

Capital and reserves

Called up share capital | 100 | 100
| ---- | ----
Shareholders funds | 100 | 100
| ---- | ----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2026 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 March 2026 , and are signed on behalf of the board by:

Ms Hannah J. E. Holloway
Director

Company registration number: 15293941

Christmas Karma Limited

Notes to the Financial Statements

Year ended 28 February 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for film distribution licences supplied and services rendered, net of discounts and Value Added Tax. Revenue from the distribution of the films is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks consist of work in progress and represent film production costs. The costs are recorded at the lower of cost and net realisable value, and are net of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors

| 2026 | 2025
| £ | £
Trade debtors | 100,000 | 100
Other debtors | 206,399 | 1,526,300
| --------- | ------------
| 306,399 | 1,526,400
| --------- | ------------

5. Creditors: amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 6,977 | –
Social security and other taxes | – | 7,035
Other creditors | 5,844,030 | 9,246,925
| ------------ | ------------
| 5,851,007 | 9,253,960
| ------------ | ------------

Other creditors totalling £5,790,000 (2025 - £8,102,793) is in respect of production advances which are repayable only from the income of the film.