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COMPANY REGISTRATION NUMBER: 15722351

Brassic Gold Ltd

Filleted Unaudited Accounts

31 October 2025

Brassic Gold Ltd

Statement of Financial Position

31 October 2025

| 31 Oct 25 | 31 May 25
Note | £ | £

Current assets

Debtors | 6 | 1,728,484 | 3,168,793
Cash at bank and in hand | 259,132 | 65,055
| ------------ | ------------
| 1,987,616 | 3,233,848

Creditors: amounts falling due within one year | 7 | ( 1,987,615) | ( 3,233,847)
| ------------ | ------------
Net current assets | 1 | 1
| ---- | ----
Total assets less current liabilities | 1 | 1
| ---- | ----
Net assets | 1 | 1
| ---- | ----

Capital and reserves

Called up share capital | 1 | 1
| ---- | ----
Shareholders funds | 1 | 1
| ---- | ----

These accounts 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 period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 4 June 2026 , and are signed on behalf of the board by:

D E Livingstone |
Director |

Company registration number: 15722351

Brassic Gold Ltd

Notes to the Accounts

Period from 1 June 2025 to 31 October 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 138 Portobello Road, London, W11 2DZ, United Kingdom.
2. Statement of compliance
These accounts 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 accounts 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 accounts are prepared in sterling, which is the functional currency of the entity.
Comparatives
The accounts cover the period from 1 June 2025 through to 31 October 2025, the comparatives cover the period from 1 March 2025 through to 31 May 2025.
The accounting period has been shortened to ensure that the accounting period and tax credit claim is conterminous.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue Recognition" below.
Revenue recognition
Turnover relates to the production of the television series entitled "Brassic - Series 7". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes 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 cash payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Intra-group borrowing are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4. Employees
The company has been incorporated to produce a high-end television series called "Brassic - Series 7". In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.
None of the Directors received any form of remuneration.
5. Tax on loss
Major components of tax income

| Period from | Period from
| 1 Jun 25 to | 1 Mar 25 to
| 31 Oct 25 | 31 May 25
| £ | £

Current tax:

UK current tax income | ( 231,716) | ( 1,208,177)
| --------- | ------------
Tax on loss | ( 231,716) | ( 1,208,177)
| --------- | ------------

Reconciliation of tax income
The tax assessed on the loss on ordinary activities for the period is lower than (2025: lower than) the standard rate of corporation tax in the UK of 25 % (2025: 25 %).

| Period from | Period from
| 1 Jun 25 to | 1 Mar 25 to
| 31 Oct 25 | 31 May 25
| £ | £
Loss on ordinary activities before taxation | ( 231,716) | ( 1,208,177)
| --------- | ------------
High-end television tax relief | ( 231,716) | ( 1,208,177)
| --------- | ------------

6. Debtors

| 31 Oct 25 | 31 May 25
| £ | £
Trade debtors | 245,642 | 613,294
VAT recoverable | 42,948 | 164,136
Corporation tax recoverable | 1,439,893 | 2,371,054
Other debtors | 1 | 20,309
| ------------ | ------------
| 1,728,484 | 3,168,793
| ------------ | ------------

7. Creditors: amounts falling due within one year

| 31 Oct 25 | 31 May 25
| £ | £
Trade creditors | 11,527 | 186,987
Amounts owed to group undertakings | 900,000 | 750,000
Accruals and deferred income | 731,681 | 1,123,755
Social security and other taxes | 1,914 | 44,442
Production loan | 342,493 | 1,128,663
| ------------ | ------------
| 1,987,615 | 3,233,847
| ------------ | ------------

8. Contingent liabilities
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Bank of Montreal
9. Related party transactions
The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. During the period, all related party transactions related to the production of the television series entitled "Brassic - Series 7" and arose on an arm's-length basis through the normal course of business. As such, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
10. Controlling party
In the opinion of the directors the parent undertaking and controlling party is Calamity Films Limited , a company incorporated in England and Wales. The ultimate controlling parties are D E Livingstone and S A Livingstone by right of joint shareholding in Calamity Films Limited.