Company registration number 16488179 (England and Wales)
RATHER GOOD BUTLER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2026
PAGES FOR FILING WITH REGISTRAR
RATHER GOOD BUTLER LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
RATHER GOOD BUTLER LTD
BALANCE SHEET
AS AT
31 MAY 2026
31 May 2026
- 1 -
31 May 2026
30 September 2025
Notes
£
£
£
£
Current assets
Stocks
4,764,076
4,474,016
Debtors
3
210,134
2,286,319
Cash at bank and in hand
3,538
69,889
4,977,748
6,830,224
Creditors: amounts falling due within one year
4
(3,558,742)
(5,501,910)
Net current assets
1,419,006
1,328,314
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
1,419,005
1,328,313
Total equity
1,419,006
1,328,314

For the financial period ended 31 May 2026 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 period in question in accordance with section 476.

The director acknowledges his 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 director of the company has 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 3 August 2026 and are signed on its behalf by:
D Cooper
Director
Company registration number 16488179 (England and Wales)
RATHER GOOD BUTLER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2026
- 2 -
1
Accounting policies
Company information

Rather Good Butler Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 West Hill, Epsom, Surrey, KT19 8HR. The company was incorporated on 2 June 2025 and commenced trading on that day.

1.1
Reporting period

The directors have decided to shorten the company's period end to 8 months starting from the 1 October 2025 to 3 1 May 2025. The reason being is to align the company's period with the conclusion of principal photography.The prior period was shortened to 4 months to cover the period from incorporation to 30 September 2025, therefore is not comparable.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

1.3
Film Production costs (WIP)

Film production costs comprise the production costs for the motion pictures 'The Butler'. The cost will be amortised to the income statement when the production is complete, and all risk, and reward of the production have transferred to the distributing company potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RATHER GOOD BUTLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2026
1
Accounting policies
(Continued)
- 3 -
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.

1.6
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.

1.7
Taxation

The tax expense represents the sum of the notional tax payable on the gross amount of the Audio Visual Expenditure Credit.

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

RATHER GOOD BUTLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2026
1
Accounting policies
(Continued)
- 4 -
1.8
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.

1.9

Audit Visual Expenditure credit treated as 'Other Operating Income'

The company is engaged in producing motion picture feature film and has claimed expenditure under the government's Audio Visual Expenditure Credit scheme. These credits are classified as above-the-line credits and are therefore included within 'Other Operating Income' on the face of the profit and loss account.

The expenditure credit is calculated based on the core costs incurred by the production on eligible spending during the accounting period.

2
Employees

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

2026
2025
Number
Number
Total
2
50
3
Debtors
2026
2025
Amounts falling due within one year:
£
£
Corporation tax recoverable
81,427
1,328,313
Other debtors
128,707
958,006
210,134
2,286,319
4
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,285,486
Trade creditors
-
0
520,948
Taxation and social security
-
0
14
Other creditors
3,558,742
3,695,462
3,558,742
5,501,910
RATHER GOOD BUTLER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2026
4
Creditors: amounts falling due within one year
(Continued)
- 5 -

During current period, the company paid off borrowings of £1,285,486, which satisfied the fixed charge and negative pledge over the assets and property of the company included in the comparative period.

5
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1

T he company has 1 share for £1. This share carries full voting, distribution and dividend rights.

6
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

Purchases
Purchases
2026
2025
£
£
Entities with control, joint control or significant influence over the company
42,923
163,967
2026
2025
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
50,000
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