REGISTERED NUMBER: 15412128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

FLIGHT RISK FILMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Vukasinovic

REGISTERED OFFICE:

39 Long Acre

London

WC2E 9LG

REGISTERED NUMBER:

15412128 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

CURRENT ASSETS

Debtors

4

40,067

-

Cash at bank

11

1

40,078

1

CREDITORS

Amounts falling due within one year

5

91,335

107,003

NET CURRENT LIABILITIES

(51,257

)

(107,002

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,257

)

(107,002

)

CREDITORS

Amounts falling due after more than one year

6

17,513

-

NET LIABILITIES

(68,770

)

(107,002

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(68,870

)

(107,102

)

(68,770

)

(107,002

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2026 and were signed by:

D Vukasinovic - Director

1.	STATUTORY INFORMATION

FLIGHT RISK FILMS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest whole Pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Critical accounting judgements and key sources of estimation uncertainty

AVEC Tax Credit Estimate

During the year, the company was engaged in the production of a qualifying independent film and has claimed the Audio-Visual Expenditure Credit (AVEC) under the UK government’s creative industry tax reliefs.

The key accounting estimate relates to the assessment of the value of qualifying expenditure in accordance with HMRC legislation and guidance, together with the assessment of whether the underlying production meets the eligibility criteria for the credit. The estimate is based on management’s judgement of qualifying costs incurred to date and the expected level of eligible expenditure over the course of the production.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provision of the financial instrument.

Cash and cash equivalents

Comprises of cash at bank.

Financial Assets

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Financial Liabilities

Creditors are not interest bearing and are stated at their nominal value.

Taxation

Taxation for the year comprises current. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

3,275

-

Tax

27,594

-

Deferred tax asset

9,198

-

40,067

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

15,178

64,745

Other creditors

230

-

Directors' current accounts

74,127

41,538

Accruals and deferred income

1,800

720

91,335

107,003

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Other creditors

17,513

-

The balance included within other creditors due after more than one year represents funding received in connection with the production of the film. Under the terms of the funding agreement, the amount is repayable only if and when the film is acquired by a broadcaster or otherwise generates sufficient proceeds to trigger repayment. Until such time, the funding remains unsecured and repayable on a contingent basis.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is D Vukasinovic.