Gary Beestone Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Gary Beestone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07108670 . The registered office is Unit 6, The Tramsheds, Coomber Way, Croydon, Surrey, CR0 4TQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are rights to the show Manic Street Creature.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Gary Beestone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 8)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	-
Additions	2,000

As at 31 March 2026	2,000

Net Book Value
As at 31 March 2026	2,000

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	42,339	60,215	102,554
Additions	7,709	35,539	43,248
Disposals	(32,343 )	(59,965 )	(92,308 )

As at 31 March 2026	17,705	35,789	53,494

...CONTINUED

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Gary Beestone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	30,035	46,649	76,684
Provided during the period	5,003	8,885	13,888
Disposals	(24,763 )	(46,649 )	(71,412 )

As at 31 March 2026	10,275	8,885	19,160

Net Book Value
As at 31 March 2026	7,430	26,904	34,334

As at 1 April 2025	12,304	13,566	25,870

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	34,067	58,030
Prepayments and accrued income	70,000	7,713
Other debtors	84,000	80,000
Corporation tax recoverable assets	18,072	-
Amounts owed by group undertakings	-	1,860

	206,139	147,603

7. Current Asset Investments

	2026	2025
	£	£
Shares in subsidiaries	170	71

100% shares held in Gary Beestone Inc at the nominal value of £70.

100% shares held in TT Resources Limited at the nominal value of £1.

50% shares held in Birmingham Ceremonies Limited at the nominal value of £1.

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,646	-
Trade creditors	35,925	9,843
Corporation tax	-	20,872
VAT	37,523	51,921
Other creditors	12,100	-
Pension liability	3,638	2,917
PAYE Liability	69,337	56,300
Directors Loan Account - Z Snow	1,124	312
Accruals and deferred income	8,500	43,200
Directors' loan accounts	892	645

	171,685	186,010

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Gary Beestone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	16,718	-

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,646	-
Later than one year and not later than five years	16,718	-

	19,364	-

	19,364	-

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	101	101

12. Related Party Transactions

Gary Beestone and Zoe Snow are directors of both Gary Beestone Limited and Gary Beestone Inc.

Gary Beestone and Zoe Snow are persons with significant control of Gary Beestone Limited.

Gary Beestone is a director and 50% shareholder of GBA Studios Limited.

Zoe Snow is a Director of The Last Man Off West End Limited.

Gary Beestone Inc is a subsidiary of Gary Beestone Limited, who own 100% of the issued share capital.

Moon and The Sea Limited is a subsidary of Gary Beestone Limited, who own 100% of the issued share capital since 20 November 2024.

During the year Gary Beestone Limited received a dividend of £30,000 from Gary Beestone Inc.

During the year £63,000 (2025 : £96,000) was paid to Gary Beestone Limited as management and consultancy fees by GBA Studios Limited.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,000		-
Tangible Assets	5		34,334		25,870

			36,334		25,870
CURRENT ASSETS
Debtors	6	206,139		147,603
Investments	7	170		71
Cash at bank and in hand		128,289		241,712

		334,598		389,386
Creditors: Amounts Falling Due Within One Year	8	(171,685 )		(186,010 )

NET CURRENT ASSETS (LIABILITIES)			162,913		203,376

TOTAL ASSETS LESS CURRENT LIABILITIES			199,247		229,246

Creditors: Amounts Falling Due After More Than One Year	9		(16,718 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,084 )		(6,468 )

NET ASSETS			173,445		222,778

CAPITAL AND RESERVES
Called up share capital	11		101		101
Income Statement			173,344		222,677

SHAREHOLDERS' FUNDS			173,445		222,778