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COMPANY REGISTRATION NUMBER: 14743067

Atomic Films Limited

Filleted Financial Statements

31 October 2025

Atomic Films Limited

Statement of Financial Position

31 October 2025

| 2025 | 2024
Note | £ | £

Current assets

Debtors | 5 | 4,557,204 | 1,069,783
Cash at bank and in hand | 125,854 | 259,485
| ------------ | ------------
| 4,683,058 | 1,329,268

Creditors: amounts falling due within one year | 6 | ( 4,683,057) | ( 1,329,267)
| ------------ | ------------
Net current assets | 1 | 1
| ---- | ----
Total assets less current liabilities | 1 | 1
| ---- | ----
Net assets | 1 | 1
| ---- | ----

Capital and reserves

Called up share capital | 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 income and retained earnings 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:

N J Brown
Director

Company registration number: 14743067

Atomic Films Limited

Notes to the Financial Statements

Year ended 31 October 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1.08, 50 York Way, London, N1 9AB, England.
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.
Going concern
In establishing whether to continue to report under the going concern assumption we have considered the following points: - The impact on the day to day trade of the business - The impact on the ability of our suppliers to meet our needs - The impact of our staff's ability to perform their duties - The impact on our cash position of a period of minimum activity A detailed budget and cashflow have been prepared for the production and delivery of the television series. Funds to meet the cashflow requirements are contractually in place and the directors do not anticipate any material overspend given the production had been completed and delivered by the year end. After considering all factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the accounts.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Pulse Films Ltd which can be obtained from 2-6 New North Place, London, England, EC2A 4JA. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (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.
Judgements and key sources of estimation uncertainty
Accruals are estimated by reference to purchase orders raised at the year end. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue recognition" below.
Revenue recognition
Turnover relates to the production of the television series entitled "Atomic". 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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Intra-group borrowings are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4. Employees
The company has been incorporated to produce the television series entitled "Atomic". In common with the television production 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. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings | – | 80,178
Prepayments and accrued income | 2,690,731 | 332,014
VAT recoverable | 31,852 | –
Government grant receivable | 1,655,706 | 395,714
Other debtors | 178,915 | 261,877
| ------------ | ------------
| 4,557,204 | 1,069,783
| ------------ | ------------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 177,817
Amounts owed to group undertakings | 983,553 | 23,400
Accruals and deferred income | 2,208,805 | 254,741
Social security and other taxes | – | 456,123
Production loan | 1,490,699 | 395,713
Other creditors | – | 21,473
| ------------ | ------------
| 4,683,057 | 1,329,267
| ------------ | ------------

The loan has been secured against the anticipated future audio-visual expenditure credit.
7. Contingencies
Charges have been made against the television series in favour of the following parties to secure their interests in the copyright of and title to the television series: Sky Studios Limited Bank of Montreal
8. Summary audit opinion
The auditor's report dated 24 June 2026 was unqualified .
The senior statutory auditor was Gurvir Cheema , for and on behalf of Moore Kingston Smith LLP .
9. Related party transactions
As a wholly-owned subsidiary of Pulse Films Limited, whose financial statements are publicly available, the company has taken advantage of the exemption under FRS 102 Paragraph 33.1A on the basis that disclosure need not be given regarding related party transactions with other wholly-owned subsidiaries of the group.
10. Controlling party
The immediate controlling party is Pulse Films Limited, a company incorporated in England and Wales. The smallest group in which the results of the company are consolidated is that headed by Pulse Films Limited. Financial statements for Pulse Films Limited are publicly available and can be obtained from 2-6 New North Place, London, EC2A 4JA. The ultimate controlling party and the largest group in which the results of the company are consolidated is Vice Ultimate Parent LLC, a company incorporated in USA.