ACCOUNTS - Final Accounts preparation

Registered number: SC752112

HELLION PICTURES LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

HELLION PICTURES LTD

REGISTERED NUMBER: SC752112

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Stocks	4	124,557		99,447
Debtors: amounts falling due within one year	5	-		512
Cash at bank and in hand	6	513		8,217
		125,070		108,176
Creditors: amounts falling due within one year	7	(127,558)		(110,664)
Net current liabilities			(2,488)		(2,488)
Total assets less current liabilities			(2,488)		(2,488)

Net liabilities			(2,488)		(2,488)

Capital and reserves
Called up share capital	12	12
Profit and loss account	(2,500)	(2,500)
	(2,488)	(2,488)

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 4 September 2026.

L Brewster

Director

The notes on pages 3 to 5 form part of these financial statements.

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HELLION PICTURES LTD

REGISTERED NUMBER: SC752112

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

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HELLION PICTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Hellion Pictures Ltd is a private company limited by shares and registered in Scotland. The address of its registered office is 153 Commercial Street, Kirkcaldy, Scotland, KY1 2NS.

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

At the reporting date the company had net liabilities of £2,488 and is dependent on the support of its director and investors, who have confirmed their intention to support the company. As a result the director believes it is appropriate to prepare the accounts on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.

2.3

Revenue

Turnover comprises income from the sale of distirbution rights.

Income from the sale of distirbution rights is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

2.4

Interest income

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

2.5

Stocks

Stocks comprise film production costs, which are recorded as a current asset net of the relevant tax credit. Film production costs are amortised to the statement of income and retained earnings over the period in which rights to the relevant production are being exploited by the company.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

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HELLION PICTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Employees

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

4.	Stocks
		2025	2024
		£	£

Production Costs	124,557	99,447
	124,557	99,447

Debtors

					2025	2024
					£	£


Other debtors	-	512
	-	512

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	513	8,217
	513	8,217

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HELLION PICTURES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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

Trade creditors	-	3,000
Other taxation and social security	811	-
Other creditors	115,664	105,164
Accruals and deferred income	11,083	2,500
	127,558	110,664

8.	Controlling party

During the period, the company was under the control of L Brewster by virtue of their shareholding.

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