REGISTERED NUMBER: 15760614 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Damson Film Ltd

Previously known as

Zizzy Studios Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W Cooper

M Mason

REGISTERED OFFICE:

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

REGISTERED NUMBER:

15760614 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

41,103

51,073

CURRENT ASSETS

Debtors

5

7,507

18,376

Cash at bank

6,760

3,167

14,267

21,543

CREDITORS

Amounts falling due within one year

6

44,497

41,907

NET CURRENT LIABILITIES

(30,230

)

(20,364

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,873

30,709

PROVISIONS FOR LIABILITIES

8

9,572

9,704

NET ASSETS

1,301

21,005

CAPITAL AND RESERVES

Called up share capital

9

13,000

13,000

Share premium

40,500

40,500

Retained earnings

(52,199

)

(32,495

)

SHAREHOLDERS' FUNDS

1,301

21,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 June 2026 and were signed on its behalf by:

G W Cooper - Director

1.	STATUTORY INFORMATION

Damson Film Ltd 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Studio equipment

-

33.3% on cost

Taxation

Taxation for the year 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 year 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

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Studio

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

4,113

63,436

67,549

Additions

4,523

26,485

31,008

Disposals

-

(19,696

)

(19,696

)

At 31 March 2026

8,636

70,225

78,861

DEPRECIATION

At 1 April 2025

617

15,859

16,476

Charge for year

1,727

29,974

31,701

Eliminated on disposal

-

(10,419

)

(10,419

)

At 31 March 2026

2,344

35,414

37,758

NET BOOK VALUE

At 31 March 2026

6,292

34,811

41,103

At 31 March 2025

3,496

47,577

51,073

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

7,680

Other debtors

7,106

-

VAT

401

10,696

7,507

18,376

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

2,009

Other creditors

-

2,773

Directors' current accounts

43,447

36,125

Accrued expenses

1,050

1,000

44,497

41,907

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

22,654

-

Between one and five years

21,714

-

44,368

-

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

9,572

9,704

Deferred

tax

£

Balance at 1 April 2025

9,704

Accelerated capital allowances

(132

)

Balance at 31 March 2026

9,572

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

3,700

Ordinary 'A'

£1

3,700

7,900

500

Ordinary 'B'

£1

500

500

500

Ordinary 'C'

£1

500

500

100

Ordinary 'D'

£1

100

100

500

Ordinary 'E'

£1

500

500

100

Ordinary 'F'

£1

100

100

4,400

Ordinary 'G'

£1

4,400

200

200

Ordinary 'H'

£1

200

200

400

Ordinary 'J'

£3

1,200

1,200

300

Ordinary 'K'

£3

900

900

300

Ordinary 'L'

£3

900

900

13,000

13,000

The Ordinary 'A', 'B', 'C', 'D', 'E', 'F', 'G', 'H', 'J', 'K' and 'L' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

10.	RELATED PARTY DISCLOSURES

The directors maintain loan accounts with the company. At the year end the company owed them £43,447 (2025 - £36,125).