Mainland Lady Limited

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

Registered number: SC812960

		30 June 2025
	Notes	£	£
CURRENT ASSETS
Debtors	4	2,184,260
Cash at bank and in hand		325,855

		2,510,115
Creditors: Amounts Falling Due Within One Year	5	(2,510,114 )

NET CURRENT ASSETS (LIABILITIES)			1

TOTAL ASSETS LESS CURRENT LIABILITIES			1

NET ASSETS			1

CAPITAL AND RESERVES
Called up share capital	6		1

SHAREHOLDERS' FUNDS			1

Page 1

Page 2

Mainland Lady Limited

Balance Sheet (continued)

As At 30 June 2025

For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 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

Mr Alexander Polunin

Director

5 June 2026

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

1. General Information

Mainland Lady Limited is a private company, limited by shares, incorporated in Scotland, registered number SC812960 . The registered office is 4 Woodside Place, Glasgow, G3 7QF.

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. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Debtors

	30 June 2025
	£
Due within one year
Other debtors	2,184,260

Prepayments and accrued income is the loans received to finance the project which will only be repaid out of exploitation income. Accordingly, these loans have been shown as accrued income so as to show the true financial position.

Page 3

Page 4

Mainland Lady Limited

Notes to the Financial Statements (continued)

For the Period 7 June 2024 to 30 June 2025

5. Creditors: Amounts Falling Due Within One Year

	30 June 2025
	£
Trade creditors	15,699
Other loans	2,460,832
Other creditors	2,954
Taxation and social security	30,629

	2,510,114

Trade creditor balance is Nigerian bank account which is showing as overdrawn

6. Share Capital

	30 June 2025
	£
Allotted, Called up and fully paid	1

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 7 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2025
	£	£	£	£	£
Mr Alexander Polunin	-	1	-	-	1

The above loan is unsecured, interest free and repayable on demand.

Page 4