Freedom Scripted Entertainment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC582498 (Scotland)

FREEDOM SCRIPTED ENTERTAINMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Ellen

REGISTERED OFFICE:

126-128 Baltic Chambers

50 Wellington Street

Glasgow

G2 6HJ

REGISTERED NUMBER:

SC582498 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

7,567

3,878

Investments

5

100

7,667

3,978

CURRENT ASSETS

Debtors

6

406,259

296,262

Cash at bank

263,355

28,757

669,614

325,019

CREDITORS

Amounts falling due within one year

7

136,356

332,626

NET CURRENT ASSETS/(LIABILITIES)

533,258

(7,607

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

540,925

(3,629

)

CAPITAL AND RESERVES

Called up share capital

133

Share premium

649,967

Retained earnings

(109,175

)

(653,729

)

SHAREHOLDERS' FUNDS

540,925

(3,629

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 23 July 2026 and were signed by:

M Ellen - Director

1.	STATUTORY INFORMATION

Freedom Scripted Entertainment Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Production turnover represents amounts receivable in producing content and is recognisable on delivery of the production and in accordance with the underlying contract. Turnover represents services provided in the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Government grants

Government grants in respect of revenue expenditure are credited to the income statement in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the income statement over the estimated useful life of the assets to which they relate.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current tax. 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 taxation 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Production costs

Television production expenses incurred in advance of income are carried forward in debtors to be matched against future revenues unless future anticipated income is less than costs incurred. In these circumstances excess costs are written down to recoverable amounts.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Going concern

The directors have prepared the accounts on a going concern basis, despite there being negative retained earnings at the balance sheet date, as the company has continued to trade and is meeting its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2025

5,661

7,138

12,799

Additions

2,642

4,015

6,657

At 31 December 2025

8,303

11,153

19,456

DEPRECIATION

At 1 January 2025

4,551

4,370

8,921

Charge for year

1,488

1,480

2,968

At 31 December 2025

6,039

5,850

11,889

NET BOOK VALUE

At 31 December 2025

2,264

5,303

7,567

At 31 December 2024

1,110

2,768

3,878

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

12,741

-

Other debtors

393,518

296,262

406,259

296,262

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

43,760

6,047

Taxation and social security

59,089

8,599

Other creditors

33,507

317,980

136,356

332,626

8.	OTHER FINANCIAL COMMITMENTS

At 31 December 2025 the company was committed to making total payments under non-cancellable operating leases of £10,525 (2024, £22,534).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 December 2025 the company had provided the company's director with loans totalling £19,576 (2024, £23,222). Interest was charged on this loan at the official rate of interest. These amounts are included in other debtors and there are no fixed repayment terms for these loans.