ACCOUNTS - Final Accounts preparation

Registered number: 14303815

SAND AND SNOW SERIES B UK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SAND AND SNOW SERIES B UK LIMITED

REGISTERED NUMBER: 14303815

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Current asset investments	5	63,336		107,839
Cash at bank and in hand		3,499		372
		66,835		108,211
Creditors: amounts falling due within one year	6	(73,650)		(113,355)
Net current liabilities			(6,815)		(5,144)
Total assets less current liabilities			(6,815)		(5,144)

Net liabilities			(6,815)		(5,144)

Capital and reserves
Profit and loss account	(6,815)	(5,144)
	(6,815)	(5,144)

The director considers 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 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.

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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2026.

M A Shulman

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

SAND AND SNOW SERIES B UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Sand and Snow Series B UK Limited is a private limited company registered in England and Wales. The
address of its registered office is 124 Finchley Road, London, NW3 5JS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis.
Included in the statement of financial position are loans totalling £66,150 (2024: £108,355) which are repayable to the immediate parent company Sand and Snow Screen Series B LLC. The parent company has committed to provide the necessary financial resources to the company to finance its operations and enable it to meet its obligations as they fall due. The parent company has confirmed it will not seek repayment of the balance until the company has sufficient funds to do so.
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

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.

2.4

Revenue

Turnover 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. Turnover comprises revenue recognised by the company in respect of producer fees and profits on theatrical investments.

Page 2

SAND AND SNOW SERIES B UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Investment in theatre productions

Investment in theatre productions are carried forward at the lower of cost and estimated net realisable value.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the reporting date and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
Impairment of investment in theatre productions
The company makes an estimate of the recoverable value of the investment in theatre productions at the reporting date. Investment in theatre productions are impaired if the investment value exceeds the net realisable value.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

5.	Current asset investments
		2025	2024
		£	£

	Investment in theatre productions	63,336	107,839

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	66,150	108,355
Accruals and deferred income	7,500	5,000
	73,650	113,355

Page 3

SAND AND SNOW SERIES B UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Related party transactions

At the reporting date the company owed £66,150 (2024: £108,355) to Sand and Snow Screen Series B LLC, the company's controlling party, which is included in other creditors. The balance was provided interest free and is repayable on demand.
The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.

Page 4