Sister (Split Up) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15807415

Sister (Split Up) Limited

Filleted Financial Statements

31 January 2026

Sister (Split Up) Limited

Statement of Financial Position

31 January 2026

	31 Jan 26	30 Jun 25
Note	£	£

Current assets

Debtors	6	3,838,674	1
Cash at bank and in hand		284,523	–
		------------	----
		4,123,197	1

Creditors: amounts falling due within one year	7	( 4,123,196)	–
		------------	----
Net current assets		1	1
		----	----
Total assets less current liabilities		1	1
		----	----
Net assets		1	1
		----	----

Capital and reserves

Called up share capital	8	1	1
		----	----
Shareholders funds		1	1
		----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 19 June 2026 , and are signed on behalf of the board by:

D Isaacs

Director

Company registration number: 15807415

Sister (Split Up) Limited

Notes to the Financial Statements

Period from 1 July 2025 to 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-18 Haywards Place, London, EC1R 0EQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

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 of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Significant estimation technique adopted

Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue Recognition" below.

Comparatives

The accounts cover the period from 1 July 2025 through to 31 January 2026. The comparatives cover the period from incorporation through to 30 June 2025, hence balances are not entirely comparable.

The accounting period has been shortened to ensure that the accounting period and the audio-visual expenditure credit claim are conterminous

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, is recognised in income in the period in which it becomes receivable.

Revenue recognition

Turnover relates to the production of the television series entitled The Split. It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

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 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.

Financial instruments

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 entity after deducting all of its financial liabilities.

4. Employees

The company has been incorporated to produce a high-end television series called The Split. In common with the film and television industry the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed.

None of the directors received any form of remuneration.

5. Tax on profit

Major components of tax expense

	Period from	Period from
	1 Jul 25 to	28 Jun 24 to
	31 Jan 26	30 Jun 25
	£	£

Current tax:

UK current tax expense	681,567	–
	---------	----
Tax on profit	681,567	–
	---------	----

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the period is higher than (2025: the same as) the standard rate of corporation tax in the UK of 25 % (2025: 25 %).

	Period from	Period from
	1 Jul 25 to	28 Jun 24 to
	31 Jan 26	30 Jun 25
	£	£
Profit on ordinary activities before taxation	681,567	–
	---------	----
Profit on ordinary activities by rate of tax	( 170,392)	–
Effect of expenses not deductible for tax purposes	1,561	–
Adjustment to trading results in line with television production company tax rules	359,439	–
Deferred tax not recognised (step 2 deduction under s1179CC CTA 2009)	490,959	–
	---------	----
Tax on profit	681,567	–
	---------	----

6. Debtors

	31 Jan 26	30 Jun 25
	£	£
Prepayments and accrued income	839,346	–
VAT recoverable	263,547	–
Government grant receivable	2,726,267	–
Other debtors	9,514	1
	------------	----
	3,838,674	1
	------------	----

7. Creditors: amounts falling due within one year

	31 Jan 26	30 Jun 25
	£	£
Trade creditors	480,908	–
Amounts owed to group undertakings	289,766	–
Accruals and deferred income	1,180,509	–
Corporation tax	681,567	–
Production Loan	1,366,646	–
Other creditors	123,800	–
	------------	----
	4,123,196	–
	------------	----

The loan has been secured against the anticipated future audio-visual expenditure credit.

8. Called up share capital

Issued, called up and fully paid

	31 Jan 26		30 Jun 25
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Summary audit opinion

The auditor's report dated 22 June 2026 was unqualified .

The senior statutory auditor was Stephen Joberns , for and on behalf of Moore Kingston Smith LLP .

10. Related party transactions

During the year no related-party transactions took place. All transactions related to the production of the television series and arose on an arm's length basis through the normal course of business. The company has taken advantage of Section 33 of FRS 102 from disclosing transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

11. Controlling party

In the opinion of the directors the immediate parent undertaking is Sister Pictures Limited , a company incorporated in England and Wales. The smallest and largest group for which accounts are prepared and in which the results of the company are consolidated is Sister Holdings Limited. Copies of the group accounts can be obtained from 18 Clerkenwell Close, London, England, EC1R 0AA.