BMS Finance AB Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—6

1. General Information

BMS Finance AB Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06008835 . The registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

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.

The financial statements are prepared in pound sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound sterling.

The company has taken advantage of the exemption under section 383 of the Companies Act 2006 ('the Act') not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

The company, and group headed by it, qualify as small under the Act.

The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover represents amounts receivable for advisory services, provided net of VAT, which are accrued over the period in which the service is provided.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

3 years straight line

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the statement of comprehensive income.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

...CONTINUED

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BMS Finance AB Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Financial Instruments - continued

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Any impairment is recognised in the statement of comprehensive income.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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BMS Finance AB Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2025	-
Additions	1,308

As at 31 December 2025	1,308

Depreciation
As at 1 January 2025	-
Provided during the period	36

As at 31 December 2025	36

Net Book Value
As at 31 December 2025	1,272

As at 1 January 2025	-

5. Investments

	Total
	£
Cost or Valuation
As at 1 January 2025	15,142
Revaluations	(15,060 )

As at 31 December 2025	82

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	82

As at 1 January 2025	15,142

On 16 August 2024, the company became a member of a limited liability partnership, from which it earns income, depending on the performance of the limited liability partnership. The details of the limited liability partnership are as follows:

Name: Tranquil Film Finance LLP

Registered office: Camburgh House, 27 Dover Road, Canterbury, CT1 3DN

Nature of business: Film finance

% held: 100%

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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BMS Finance AB Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

7. Related Party Transactions

During the year Tranquil Capital Ltd, the parent undertaking, paid the company advisory fees of £92,984 (2024: £20,927). At the year end, £nil (2024: £20,927) remained outstanding.

Included in other debtors is an interest free loan of £Nil (2024: £36,512) to an entity which shares a director. The maximum amount outstanding during the year was £36,512.

Inlcuded in other debtors is a loan and interest of £Nil (2023: £85,369) to a company under common control. The maximum amount oustanding during the year was £85,369.

8. Ultimate Controlling Party

At 31 December 2025, the company's ultimate controlling party is considered to be Vistra Jersey Limited, a company incorporated in Jersey.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,272		-
Investments	5		82		15,142

			1,354		15,142
CURRENT ASSETS
Debtors		59,401		153,572
Cash at bank and in hand		85,930		77,490

		145,331		231,062
Creditors: Amounts Falling Due Within One Year		(15,878 )		(49,278 )

NET CURRENT ASSETS (LIABILITIES)			129,453		181,784

TOTAL ASSETS LESS CURRENT LIABILITIES			130,807		196,926

NET ASSETS			130,807		196,926

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			130,806		196,925

SHAREHOLDERS' FUNDS			130,807		196,926