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Registered number: 00423372 KRS FILM DISTRIBUTORS LIMITED UNAUDITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
KRS FILM DISTRIBUTORS LIMITED COMPANY INFORMATION
Directors | A Leyshon
| A Pace
Company secretary | A Leyshon
Registered number | 00423372
Registered office | 2 Newburgh Street
| London
| W1F 7RD
Trading Address |
Accountants | Stephen Sampson (Registered Auditor)
| Milton Avis LLP
| Chartered Accountants
| 120 Baker Street
| London
| W1U 6TU
KRS FILM DISTRIBUTORS LIMITED CONTENTS
| Page
Directors' Report | 1
Accountants' Report | 2
Statement of Income and Retained Earnings | 3
Balance Sheet | 4
Notes to the Financial Statements | 5 - 7
KRS FILM DISTRIBUTORS LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Directors present their report and the financial statements for the year ended 31 December 2025.
Directors
The Directors who served during the year were:
A Leyshon
A Pace
Small companies note
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on 20 July 2026 and signed on its behalf.
................................................ A Leyshon Director
Page 1
KRS FILM DISTRIBUTORS LIMITED REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KRS FILM DISTRIBUTORS LIMITED FOR THE YEAR ENDED 31 DECEMBER 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KRS Film Distributors Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts. This report is made solely to the Board of Directors of KRS Film Distributors Limited, as a body, in accordance with the terms of our engagement letter dated 8 September 2021. Our work has been undertaken solely to prepare for your approval the financial statements of KRS Film Distributors Limited and state those matters that we have agreed to state to the Board of Directors of KRS Film Distributors Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KRS Film Distributors Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that KRS Film Distributors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of KRS Film Distributors Limited. You consider that KRS Film Distributors Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of KRS Film Distributors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Stephen Sampson (Registered Auditor) Milton Avis LLP Chartered Accountants 120 Baker Street London W1U 6TU 20 July 2026 Page 2
KRS FILM DISTRIBUTORS LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Turnover |  | 17,069 | 17,327
Gross profit |  | 17,069 | 17,327
Administrative expenses |  | (17,069) | (17,327)
Operating profit |  | - | -
Profit after tax |  | - | -
Retained earnings at the end of the year |
The notes on pages 5 to 7 form part of these financial statements.
Page 3
KRS FILM DISTRIBUTORS LIMITED REGISTERED NUMBER: 00423372 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 290,980 |  | 288,310 |
|  | 290,980 |  | 288,310 |
Creditors: amounts falling due within one year | 5 | (290,958) |  | (288,288) |
Net current assets |  |  | 22 |  | 22
Total assets less current liabilities |  |  | 22 |  | 22
Net assets |  |  | 22 |  | 22
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 22 |  | 22
|  |  | 22 |  | 22
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 July 2026.
................................................ A Leyshon
Director
The notes on pages 5 to 9 form part of these financial statements
Page 4
KRS FILM DISTRIBUTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The company is a private company limited by shares and is registered in England and Wales. Its current registered office is 2 Newburgh Street, London, W1F 7RD. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 presentation currency is pounds sterling.
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 5
KRS FILM DISTRIBUTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Debtors
Short-term debtors are measured at transaction price. Loans receivable are measured initially at fair value, net of transaction costs.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 6
KRS FILM DISTRIBUTORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by related party | 287,891 | 285,349
| Prepayments and accrued income | 3,089 | 2,961
|  | 290,980 | 288,310
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 284,579 | 282,570
| Accruals and deferred income | 6,379 | 5,718
|  | 290,958 | 288,288
6. | Related party transactions
| KRS Releasing Limited is considered by the managing director to be a related party due to common involved parties. Related party transactions principally include the recharging of operational expenses. Movements in the head office account are disclosed in Note 5 to these financial statements. Balances due from the related party are disclosed in Note 4 to these financial statements. These balances are unsecured, interest free and have no fixed date of payment. Other creditors represent the balance due to the members and are detailed in Note 6 to these financial statements.
7. | Controlling party
The directors are of the opinion that there is no one controlling party.
Page 7