REGISTERED NUMBER: 16144763 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

19 DECEMBER 2024 TO 31 DECEMBER 2025

FOR

BARNSTORM VFX LONDON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L J Deming II

J C Jamieson

B Jogia-Sattar

T Rolfe

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

16144763 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

CURRENT ASSETS

Debtors

4

44,574

Cash at bank

516,512

561,086

CREDITORS

Amounts falling due within one year

5

586,584

NET CURRENT LIABILITIES

(25,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,498

)

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

(25,499

)

SHAREHOLDERS' FUNDS

(25,498

)

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 Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

B Jogia-Sattar - Director

1.	STATUTORY INFORMATION

Barnstorm VFX London 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.

2.	ACCOUNTING POLICIES

Basis of preparation of 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.

The financial statements have been prepared on a going concern basis as Barnstorm VFX, Inc, the parent company, will continue to provide financial support to the company for at least 12 months and 1 day following the signing of the audit report.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue comprises the fair value of consideration receivable for the provision of visual effects and related production services, net of value added tax and trade discounts.

Revenue is recognised when the performance obligations associated with the provision of services have been satisfied, and the amount of revenue can be measured reliably. Revenue is measured at the transaction price agreed with customers.

Revenue from visual effects and production service contracts is recognised over time as services are rendered to customers, reflecting the transfer of control of the services provided. The stage of completion is determined with reference to work performed up to the reporting date as a proportion of the total services to be provided under the contract.

Where amounts are invoiced in advance of the associated services being performed, the amounts received are recognised as deferred income within creditors and released to the profit and loss account as the related services are delivered.

Where services have been provided but not yet invoiced at the reporting date, the income earned is recognised as accrued income within debtors.

The company assesses contract balances at each reporting date to ensure revenue recognised reflects the extent of services provided to customers

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the period comprises current and deferred 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 or deferred 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.

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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

38,853

Other debtors

5,721

44,574

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

586,164

Other creditors & accruals

420

586,584

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Phipps (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

9.	ULTIMATE PARENT COMPANY

The company's immediate and ultimate parent undertaking is Barnstorm VFX, Inc., a company incorporated in the United States of America. Its registered office is 2860 North Naomi St, Los Angeles, CA 91504.

Barnstorm VFX, Inc are the largest and only group company to prepare consolidated financial statements. These financial statements are not publicly available.