REGISTERED NUMBER: NI716675 (Northern Ireland)

Unaudited Financial Statements

for the Period 5 June 2024 to 30 June 2025

for

Unbroken Pictures Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Bradbury

E Izat

R N Johnston

T R Richane

J Waddell

REGISTERED OFFICE:

Unit 420 Moat House Business Centre

54 Bloomfield Avenue

Belfast

BT5 5AD

REGISTERED NUMBER:

NI716675 (Northern Ireland)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

CURRENT ASSETS

Debtors

4

189,495

Cash at bank

184,373

373,868

CREDITORS

Amounts falling due within one year

5

40,118

NET CURRENT ASSETS

333,750

TOTAL ASSETS LESS CURRENT LIABILITIES

333,750

CREDITORS

Amounts falling due after more than one year

6

150,400

NET ASSETS

183,350

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

183,050

183,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

R N Johnston - Director

1.	STATUTORY INFORMATION

Unbroken Pictures Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

AVEC Tax Credit Estimate

During the year, the company was engaged in the production of a qualifying independent film and has claimed the Audio-Visual Expenditure Credit (AVEC) under the UK government’s creative industry tax reliefs.

The key accounting estimate relates to the assessment of the value of qualifying expenditure in accordance with HMRC legislation and guidance, together with the assessment of whether the underlying production meets the eligibility criteria for the credit. The estimate is based on management’s judgement of qualifying costs incurred to date and the expected level of eligible expenditure over the course of the production.

Turnover

Production Revenue

Production revenue represents funding received in connection with the development and production of the film. Revenue is recognised when the company becomes entitled to the funding and the associated conditions have been met, in accordance with FRS 102 Section 1A.

Where funding is provided to support specific production activities, revenue is recognised in line with the related expenditure incurred. Revenue is stated net of any amounts repayable and excluding VAT.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,000

Other debtors

472

Tax

134,663

Deferred tax asset

44,888

VAT

3,472

189,495

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

36,618

Accruals and deferred income

3,500

40,118

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

150,400

The balance included within other creditors due after more than one year represents funding received in connection with the production of the film. Under the terms of the funding agreement, the amount is repayable only if and when the film is acquired by a broadcaster or otherwise generates sufficient proceeds to trigger repayment. Until such time, the funding remains unsecured and repayable on a contingent basis.