ACCOUNTS - Final Accounts

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.

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

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

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