REGISTERED NUMBER: 14464894 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Reggae Girlz Films Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Alwen

L J Wallace

REGISTERED OFFICE:

11 Court Lane Gardens

London

SE21 7DZ

REGISTERED NUMBER:

14464894 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

-

644

CURRENT ASSETS

Debtors

5

222,376

384,887

Cash at bank

322,987

527,573

545,363

912,460

CREDITORS

Amounts falling due within one year

6

529,564

1,970,669

NET CURRENT ASSETS/(LIABILITIES)

15,799

(1,058,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,799

(1,057,565

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

15,797

(1,057,567

)

15,799

(1,057,565

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 8 June 2026 and were signed on its behalf by:

L J Wallace - Director

1.	STATUTORY INFORMATION

Reggae Girlz Films Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Revenue represents amounts receivable for the development of television projects and production activities net of VAT and trade discounts during the period. Revenue in respect of productions in progress is held as deferred income until production is delivered. Upon delivery, it is recognised in the Income Statement.

Taxation

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

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.

Creditors

Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at fair value, net of any transaction costs, and subsequently measured at amortised cost determined using the effective interest method.

Cost recognition

Development costs are generally expensed as incurred to the income statement. Where development funding has been received, the revenue is recognised on a cost-plus basis. However, if a firm commitment exists which indicates that current and future expenses will be recoverable, development costs are capitalised in the costs of a programme. These costs are capitalised in WIP as a part of a specific project expected to be set for production.

Production costs are ordinarily accumulated by individual programmes in four chronological steps: acquisition of story rights; pre-production (which includes script development, costume design, set design, and construction); principal photography (which includes shooting the production); and post-production (which includes sound synchronisation and editing); culminating in the completed master negative. All costs are capitalised to Work in Progress (WIP) until the point at which the WIP balance is recognised or consumed on the income statement, generally as delivery of the episodes occurs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2024

658

Reclassification/transfer

(658

)

At 30 November 2025

-

DEPRECIATION

At 1 December 2024

14

Charge written back

(14

)

At 30 November 2025

-

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

644

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

106,818

-

Directors' current accounts

8,000

51,382

Tax

107,558

172,558

VAT

-

160,947

222,376

384,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

599

10,306

VAT

170,663

-

Other creditors

274,076

1,956,863

Accruals and deferred income

84,226

3,500

529,564

1,970,669

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the amount of £8,000 (2024: £51,382) was owed by the directors. This balance was interest-free, and was fully repaid within nine months of the year end.

8.	RELATED PARTY DISCLOSURES

During the period no related-party transactions took place. All transactions related to the production of the film "Reggae Girlz'' and arose on an arm's-length basis through the normal course of business.

No transactions with related parties were undertaken such as are required to be disclosed under FRS102.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are considered to be Jonathan Alwen and Lucy Wallace by virtue of their shareholding.