Company Registration No. 16437226 (England and Wales)
Hope Studios UK Limited
Annual report and financial statements
for the period ended 31 December 2025
Hope Studios UK Limited
Company information
Directors
Max Fredrik Nicastro
(Appointed 8 May 2025)
Sam Williams
(Appointed 13 October 2025)
Company number
16437226
Registered office
71 Queen Victoria Street
London
United Kingdom
EC4V 4BE
Auditor
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Hope Studios UK Limited
Contents
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Income statement
7
Statement of financial position
8
Statement of changes in equity
9
Notes to the financial statements
10 - 16
Hope Studios UK Limited
Strategic report
For the period ended 31 December 2025
1

The directors present the strategic report for the period ended 31 December 2025.

Review of the business

The company made a profit of £nil during the period.

The company's net assets as at the balance sheet date are £1.

Principal risks and uncertainties

The directors have reviewed the risks and uncertainties facing the business as relating primarily to the company's ability to complete production of the film. The company has continued to produce the film during the current period.

Key performance indicators

The directors consider the company's key financial performance indicators to be whether the film commissioned by the company is in line with the agreed budget. At the period end, the estimated costs of the film were in line with the agreed budget.

The directors consider the company's key non-financial performance indicator to be whether the film being commissioned will qualify as British. This has been achieved, as interim British certification has been successfully obtained.

On behalf of the board

Max Fredrik Nicastro
Director
30 June 2026
Hope Studios UK Limited
Directors' report
For the period ended 31 December 2025
2

The directors present their annual report and financial statements for the period ended 31 December 2025.

The company was incorporated on 8 May 2025 and commenced trading on the same day.

Principal activities

The principal activity of the company was that of motion picture production.

Results and dividends

The results for the period are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Max Fredrik Nicastro
(Appointed 8 May 2025)
Sam Williams
(Appointed 13 October 2025)
Per Jonas Fors
(Appointed 8 May 2025 and resigned 1 November 2025)
Auditor

Saffery LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Max Fredrik Nicastro
Director
30 June 2026
Hope Studios UK Limited
Directors' responsibilities statement
For the period ended 31 December 2025
3

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Hope Studios UK Limited
Independent auditor's report
To the member of Hope Studios UK Limited
4
Opinion

We have audited the financial statements of Hope Studios UK Limited (the 'company') for the period ended 31 December 2025 which comprise the income statement, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its result for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Hope Studios UK Limited
Independent auditor's report
To the member of Hope Studios UK Limited (continued)
5
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the company’s financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the company by discussions with directors and by updating our understanding of the sector in which the company operates.

Laws and regulations of direct significance in the context of the company include The Companies Act 2006 and UK Tax legislation.

In addition, the company is subject to other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to its ability to operate or to avoid a material penalty. These include anti-bribery legislation and employment law.

Hope Studios UK Limited
Independent auditor's report
To the member of Hope Studios UK Limited (continued)
6

Audit response to risks identified

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.

John Graydon
30 June 2026
Senior Statutory Auditor
71 Queen Victoria Street
For and on behalf of Saffery LLP
London
Statutory Auditors
EC4V 4BE
Hope Studios UK Limited
Income statement
For the period ended 31 December 2025
7
Period
ended
31 December
2025
Notes
£
Turnover
3
21,680,232
Cost of sales
(21,749,727)
Gross loss
(69,495)
Administrative expenses
69,495
Profit before taxation
-
0
Taxation
-
0
Result for the financial period
-
0

The income statement has been prepared on the basis that all operations are continuing operations.

Hope Studios UK Limited
Statement of financial position
As at 31 December 2025
31 December 2025
8
2025
Notes
£
£
Fixed assets
Investments
6
1
Current assets
Debtors
7
18,707,245
Cash at bank and in hand
893
18,708,138
Creditors: amounts falling due within one year
8
(96,286)
Net current assets
18,611,852
Total assets less current liabilities
18,611,853
Creditors: amounts falling due after more than one year
9
(18,611,852)
Net assets
1
Capital and reserves
-
Called up share capital
12
1

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 30 June 2026 and are signed on its behalf by:
Max Fredrik Nicastro
Director
Company Registration No. 16437226
Hope Studios UK Limited
Statement of changes in equity
For the period ended 31 December 2025
9
Share capital
Notes
£
Period ended 31 December 2025:
Profit and total comprehensive income
-
Issue of share capital
12
1
Balance at 31 December 2025
1
Hope Studios UK Limited
Notes to the financial statements
For the period ended 31 December 2025
10
1
Accounting policies
Company information

Hope Studios UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, United Kingdom, EC4V 4BE.

1.1
Reporting period

The financial statements are prepared for a period of less than 12 months from 8 May 2025 to 31 December 2025. The company's period end was shortened to align with the wider group.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Hope Studios Holdings AB. These consolidated financial statements are available from its registered office, Kungsgatan 9, 111 43 Stockholm, Sweden.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Hope Studios UK Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
1
Accounting policies (continued)
11
1.4
Revenue

Revenue represents income from the Company's principal trading activities and is stated at the fair value of the consideration received or receivable, net of VAT and other sales-related taxes.

Revenue from contracts is recognised by reference to the stage of completion when the outcome of the contract, the costs incurred and the costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Amounts received in advance of performance are recognised as deferred income within creditors. Where revenue recognised exceeds amounts received, the excess is recognised within accrued income.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments
Basic financial assets

Basic financial assets, which include debtors, 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Hope Studios UK Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
1
Accounting policies (continued)
12
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

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 profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Hope Studios UK Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
1
Accounting policies (continued)
13
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the director's opinion, there were no critical judgements or other estimation uncertainties in these financial statements.

3
Turnover
2025
£
Turnover analysed by class of business
Sale of film rights
21,680,232
4
Operating profit
2025
Operating profit for the period is stated after charging/(crediting):
£
Exchange gains
(100,190)
Fees payable to the company's auditor for the audit of the company's financial statements
32,725
Hope Studios UK Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
14
5
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
0
6
Fixed asset investments
2025
Notes
£
Investments in subsidiaries
1
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 8 May 2025
-
Additions
1
At 31 December 2025
1
Carrying amount
At 31 December 2025
1
7
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
7,988,460
Other debtors
65,698
Prepayments and accrued income
10,653,087
18,707,245
Hope Studios UK Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
15
8
Creditors: amounts falling due within one year
2025
Notes
£
Bank loans and overdrafts
10
136
Amounts owed to group undertakings
5,226
Trade creditors
68,924
Accruals and deferred income
22,000
96,286
9
Creditors: amounts falling due after more than one year
2025
Notes
£
Bank loans and overdrafts
10
18,611,852
10
Loans and overdrafts
2025
£
Bank loans
18,611,852
Bank overdrafts
136
18,611,988
Payable within one year
136
Payable after one year
18,611,852

T he company has a secured term loan facility with Comerica Bank to finance the production and delivery of a motion picture project.

The facility provides funding of up to USD 28.4 million, of which £18.6 million was outstanding at the reporting date. The loan is repayable by 31 May 2027.

The loan bears interest at a variable rate, either based on a margin above Term SOFR or a margin above the lender’s base rate, depending on the type of borrowing selected by the company.

Repayment of the facility is due at maturity, together with accrued interest, although amounts may be repaid earlier from proceeds generated by the underlying project, including distribution revenues and other contracted receipts.

The loan is secured by fixed and floating charges over substantially all of the company’s assets. This includes, but is not limited to, rights in the film project, related intellectual property, receivables arising from distribution agreements, bank accounts and other project-related income streams.

Hope Studios UK Limited
Notes to the financial statements (continued)
For the period ended 31 December 2025
16
11
Charges

WWW AP LLC holds a fixed charge, a floating charge covering all property and a negative pledge over all right, title and interest in the film owned by the company in respect of amounts owed to WWW AP LLC under a funding agreement relating to this film. These were delivered in November 2025 and remain in place at the reporting date.

Comerica Bank holds a fixed charge, a floating charge covering all property and negative pledge over all right, title and interest in the film owned by the company in respect of amounts owed to Comerica Bank in connection with this film. These were delivered in September 2025 and remain in place at the reporting date.

SMC Speciality Finance, LLC holds a fixed charge, a floating charge covering all property and negative pledge over all right, title and interest in the film owned by the company relating in respect of amounts owed to SMC Speciality Finance, LLC under a funding agreement relating to this film. This was delivered in August 2025 and remain in place at the reporting date.

12
Share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary share of £1 each
1
1
13
Events after the reporting date

Subsequent to the period end, the Company entered into new financing arrangements to provide funding for the completion of the project. The financing was entered into after the reporting date and therefore does not affect the amounts recognised in these financial statements at 31 December 2025. The directors consider this to be a non-adjusting event after the end of the r eporting period.

14
Related party transactions

The company has taken advantage of the exemption available under FRS 102 Section 33.1A whereby

disclosure need not be given of transactions entered into between two or more members of a group,

provided that any subsidiary which is party to the transaction is wholly owned by such a member.

15
Ultimate controlling party

The immediate parent company is Hope Studios AB, a company incorporated in Sweden. Its registered office is Kungsgatan 9, 111 43 Stockholm, Sweden.

The smallest and largest group in which the results of the company will be consolidated is Hope Studios Holdings AB. The registered address is Kungsgatan 9, 111 43 Stockholm, Sweden.

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