Common People Studio Limited (Formerly Common People Films Limited)
Unaudited Financial Statements
For the year ended 31 August 2025
Pages for Filing with Registrar
Company Registration No. 10911884 (England and Wales)
Common People Studio Limited (Formerly Common People Films Limited)
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Common People Studio Limited (Formerly Common People Films Limited)
Balance Sheet
As at 31 August 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
45,270
59,370
Investments
4
1
-
0
45,271
59,370
Current assets
Debtors
5
697,866
779,790
Cash at bank and in hand
23,121
176,764
720,987
956,554
Creditors: amounts falling due within one year
6
(674,857)
(864,575)
Net current assets
46,130
91,979
Total assets less current liabilities
91,401
151,349
Creditors: amounts falling due after more than one year
7
(145,421)
(26,183)
Net (liabilities)/assets
(54,020)
125,166
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(54,120)
125,066
Total equity
(54,020)
125,166
Common People Studio Limited (Formerly Common People Films Limited)
Balance Sheet (Continued)
As at 31 August 2025
Page 2

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
A Roberts
Director
Company Registration No. 10911884
Common People Studio Limited (Formerly Common People Films Limited)
Notes to the Financial Statements
For the year ended 31 August 2025
Page 3
1
Accounting policies
Company information

Common People Studio Limited (Formerly Common People Films Limited) is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

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 as applicable to companies subject to the small companies regime.

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.

1.2
Going concern

The directors have reviewed the company’s cash flow forecasts and are satisfied that the company has adequate resources to continue operating for the foreseeable future. The directors have also confirmed that they will provide financial support to the company, if required. On this basis, the financial statements have been prepared on a going concern basis.true

1.3
Turnover

Turnover is recognised in respect of productions from the point at which the company has obtained the right to consideration in return for performance. This is considered to be when all necessary approvals during the process of pre-production have been obtained from the commissioning agency and normally equates to the date at which the shoot commences. No profit element is recognised until the company is able to estimate the profit of the production reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the period of the lease
Fixtures and fittings
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Common People Studio Limited (Formerly Common People Films Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
Page 4

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

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Basic financial assets

Basic financial assets, which include debtors 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.

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.

1.8
Taxation

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

Common People Studio Limited (Formerly Common People Films Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
Page 5
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Common People Studio Limited (Formerly Common People Films Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
Page 6
1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
8
6
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 September 2024
35,728
45,335
81,063
Additions
-
0
745
745
At 31 August 2025
35,728
46,080
81,808
Depreciation and impairment
At 1 September 2024
2,977
18,716
21,693
Depreciation charged in the year
2,977
11,868
14,845
At 31 August 2025
5,954
30,584
36,538
Carrying amount
At 31 August 2025
29,774
15,496
45,270
At 31 August 2024
32,751
26,619
59,370
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
-
0
Common People Studio Limited (Formerly Common People Films Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
4
Fixed asset investments
(Continued)
Page 7
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 September 2024
-
Additions
1
At 31 August 2025
1
Carrying amount
At 31 August 2025
1
At 31 August 2024
-
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
10,577
275,225
Corporation tax recoverable
50,377
-
0
Other debtors
352,606
219,417
Prepayments and accrued income
284,306
285,148
697,866
779,790
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
81,251
5,555
Trade creditors
338,388
491,764
Corporation tax
40,740
65,845
Other taxation and social security
5,283
63,306
Other creditors
209,195
238,105
674,857
864,575
Common People Studio Limited (Formerly Common People Films Limited)
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
Page 8
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
145,421
26,183
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
26,675
66,688
9
Related party transactions

A director of the company has provided a personal guarantee to the lender in respect of the company’s loan facility with £151,530 outstanding at the year end. No amounts have been called under the guarantee during the year.

Dividends totalling £nil (202 4: £173,1 00) were paid to the directors in the year.

At the balance sheet date £306,868 (202 4: £186,300) was due from the directors of the company. Interest of £5,953 (202 4: £4,727) has been charged on these advances. The advances are to be repaid in full by May 202 6.

At the balance sheet date, included in other debtors, £13,666 (2024: £nil) was due from a related company.

10
Ultimate controlling party

There is no ultimate controlling party.

2025-08-31 2024-09-01 false false false 10 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R Dance A Roberts 10911884 2024-09-01 2025-08-31 10911884 2025-08-31 10911884 2024-08-31 10911884 core:LeaseholdImprovements 2025-08-31 10911884 core:FurnitureFittings 2025-08-31 10911884 core:LeaseholdImprovements 2024-08-31 10911884 core:FurnitureFittings 2024-08-31 10911884 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 10911884 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10911884 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 10911884 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10911884 core:CurrentFinancialInstruments 2025-08-31 10911884 core:CurrentFinancialInstruments 2024-08-31 10911884 core:ShareCapital 2025-08-31 10911884 core:ShareCapital 2024-08-31 10911884 core:RetainedEarningsAccumulatedLosses 2025-08-31 10911884 core:RetainedEarningsAccumulatedLosses 2024-08-31 10911884 bus:Director2 2024-09-01 2025-08-31 10911884 core:LeaseholdImprovements 2024-09-01 2025-08-31 10911884 2023-09-01 2024-08-31 10911884 core:LeaseholdImprovements 2024-08-31 10911884 core:FurnitureFittings 2024-08-31 10911884 2024-08-31 10911884 core:FurnitureFittings 2024-09-01 2025-08-31 10911884 core:Non-currentFinancialInstruments 2025-08-31 10911884 core:Non-currentFinancialInstruments 2024-08-31 10911884 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 10911884 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 10911884 bus:FRS102 2024-09-01 2025-08-31 10911884 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 10911884 bus:Director1 2024-09-01 2025-08-31 10911884 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP