The Island 2 SPV Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC861700

		30 June 2026
	Notes	£	£
CURRENT ASSETS
Debtors	4	3,295,633
Cash at bank and in hand		255,935

		3,551,568
Creditors: Amounts Falling Due Within One Year	5	(95,269 )

NET CURRENT ASSETS (LIABILITIES)			3,456,299

TOTAL ASSETS LESS CURRENT LIABILITIES			3,456,299

Creditors: Amounts Falling Due After More Than One Year	6		(3,456,298 )

NET ASSETS			1

CAPITAL AND RESERVES
Called up share capital	7		1

SHAREHOLDERS' FUNDS			1

Page 1

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The Island 2 SPV Ltd

Balance Sheet (continued)

As At 30 June 2026

For the period ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kieran Parker

Director

26 August 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Island 2 SPV Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC861700 . The registered office is 55a Partickhill Road, Glasgow, G11 5AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover relates to the production of a TV series. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.

The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which is included in sales. A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 27

4. Debtors

	30 June 2026
	£
Due within one year
Prepayments and accrued income	2,645,004
Corporation tax recoverable assets	650,629

	3,295,633

5. Creditors: Amounts Falling Due Within One Year

	30 June 2026
	£
Trade creditors	25,857
Other creditors	47,895
Taxation and social security	21,517

	95,269

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The Island 2 SPV Ltd

Notes to the Financial Statements (continued)

For the Period 4 September 2025 to 30 June 2026

6. Creditors: Amounts Falling Due After More Than One Year

	30 June 2026
	£
Other loans	3,456,298

7. Share Capital

	30 June 2026
	£
Allotted, Called up and fully paid	1

8. Related Party Transactions

During the period, all related-party transactions that took place arose on an arm’s-length basis through the normal course of business. As such, no transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.

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