REGISTERED NUMBER: SC345413 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

TIMELINE FILMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Paul Trevor Murton

Kathryn Ross

REGISTERED OFFICE:

3rd Floor, St George's Buildings

5 St Vincent Street

Glasgow

G1 2DH

REGISTERED NUMBER:

SC345413 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

3rd Floor

St George's Buildings

5 St Vincent Place

Glasgow

G1 2DH

BANKERS:

The Co-operative Bank plc

P.O. Box 250

Skelmersdale

Lancashire

WN8 6WT

FIXED ASSETS

Tangible assets

4

628

739

CURRENT ASSETS

Cash at bank

3,899

5,230

CREDITORS

Amounts falling due within one year

5

5,032

5,734

NET CURRENT LIABILITIES

(1,133

)

(504

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(505

)

235

PROVISIONS FOR LIABILITIES

119

140

NET (LIABILITIES)/ASSETS

(624

)

95

CAPITAL AND RESERVES

Called up share capital

6

106

106

Retained earnings

(730

)

(11

)

SHAREHOLDERS' FUNDS

(624

)

95

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

Kathryn Ross - Director

1.	STATUTORY INFORMATION

Timeline Films Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

5,817

DEPRECIATION

At 1 August 2024

5,078

Charge for year

111

At 31 July 2025

5,189

NET BOOK VALUE

At 31 July 2025

628

At 31 July 2024

739

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,076

3,611

Other creditors

2,956

2,123

5,032

5,734

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

6

Ordinary 'A' - 'F' (1 of each)

£1

6

6

106

106

7.	ULTIMATE CONTROLLING PARTY

Throughout the period ended 31 July 2024 the company was under the immediate and ultimate control of directors Paul Murton and Kathryn Ross.