Faculty Road Limited
Unaudited Financial Statements
For the year ended 31 December 2025
Pages for Filing with Registrar
Company Registration No. 10526655 (England and Wales)
Faculty Road Limited
Company Information
Directors
S Morgan
N McCallum
D Gu
Company number
10526655
Registered office
6th Floor
7 Clarges Street
London
W1J 8AE
Accountants
Moore Kingston Smith LLP
9 Appold Street
6th Floor
EC2A 2AP
Faculty Road Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Faculty Road Limited
Balance Sheet
As at 31 December 2025
Page 1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
826,190
664,553
Cash at bank and in hand
523,177
649,657
1,349,367
1,314,210
Creditors: amounts falling due within one year
4
(349,365)
(314,208)
Net current assets
1,000,002
1,000,002
Capital and reserves
Called up share capital
5
1,000,002
1,000,002

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have 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 23 July 2026 and are signed on its behalf by:
N McCallum
Director
Company Registration No. 10526655
Faculty Road Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 2
1
Accounting policies
Company information

Faculty Road Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 7 Clarges Street, London, W1J 8AE.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 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.

1.2
Going concern

The company has reported a break-even position for the year. The directors have carefully considered the company’s financial position, cash flow forecasts, and available resources, and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. Revenue is recognised to the extent that it is probable that economic benefits will flow to the company and the revenue can be reliably measured.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

No tangible fixed assets such as IT equipment has been capitalise d for amounts under £5,000.

1.5
Cash at bank and in hand

Cash at bank and in hand 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.

Faculty Road Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 3
1.6
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.

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.

1.7
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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Faculty Road Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 4
1.8
Taxation

The tax expense represents the sum of the tax currently payable.

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.

1.9
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.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
4
4
Faculty Road Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 5
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
677,646
565,990
Other debtors
96,360
69,710
Prepayments and accrued income
52,184
28,853
826,190
664,553
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
150,193
100,089
Corporation tax
-
0
9,169
Other taxation and social security
141,506
124,256
Other creditors
57,666
80,694
349,365
314,208
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000,002
1,000,002
1,000,002
1,000,002
Faculty Road Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 6
6
Related party transactions

During the year the total value of transactions with Yan Huo was £1,797,041 (2024: £1,596,212) of which £5 24,370 (2024: £386,440) remains outstanding at the year end and is included in Debtors.

During the year the total value of transactions with the Huo Family Foundation (UK) Limited was £43,506 (2024: £191,093) of which £7,111 (2024: £37,903) remains outstanding at the year end and is included in Debtors.

During the year the total value of transactions with Faculty Film Ltd was £17,976 (2024: £10,981) of which £4,366 (2024: £981) remains outstanding at the year end and is included in Debtors.

During the year the total value of transactions with Metis Group Inc was £36,268 (2024: £124,111) of which £nil (2024: £27,880) remains outstanding at the year end and is included in Debtors.

During the year the total value of transactions with Metis Group Inc II was £53,209 (2024: £29,198) of which £25,325 (2024: £10,086) remains outstanding at the year end and is included in Debtors.

During the year the total value of transactions with SCI Yawax was £20,000 (2024: £15,000) of which £10,000 (2024: £10,000) remains outstanding at the year end and is included in Debtors.

A Deed of Covenant exists between Faculty Road Ltd and the Huo Family Foundation (UK) Limited which so far as lawful, will allow Faculty Road Ltd to make a donation to Huo Family Foundation (UK) Limited which is equal to the distributable profits. At the time of approving these accounts a donation total of £55,000 (2024: £80,000) has been paid, with a further £8,035 (2024: £34,796) agreed to be donated via the deed of covenant which is outstanding at the year end and is included in other creditors.

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