Company No: 16233791 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026
		£
Fixed assets
Intangible assets	3	9,704
		9,704
Current assets
Debtors	4	95,613
Cash at bank and in hand	5	1,136,756
		1,232,369
Creditors: amounts falling due within one year	6	( 1,272,458)
Net current liabilities		(40,089)
Total assets less current liabilities		(30,385)
Net liabilities		( 30,385)
Capital and reserves
Called-up share capital	7	100
Profit and loss account		( 30,485 )
Total shareholder's deficit		( 30,385)

For the financial period ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Screen Cornwall Equity Limited (registered number: 16233791) were approved and authorised for issue by the Board of Directors on 09 September 2026. They were signed on its behalf by:

LA Giles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Screen Cornwall Equity Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit S211, Percy Williams Building Krowji, West Park, Redruth, TR15 3GE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements, due to the cash at bank made up of deferred income for future projects. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

0 - 3 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before recognition criteria are satisfied is recognised as a liability.

2. Employees

	Period from 06.02.2025 to 31.03.2026
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 06 February 2025	0		0
Additions	10,275		10,275
At 31 March 2026	10,275		10,275
Accumulated amortisation
At 06 February 2025	0		0
Charge for the financial period	571		571
At 31 March 2026	571		571
Net book value
At 31 March 2026	9,704		9,704

4. Debtors

	31.03.2026
	£
Amounts owed by Parent undertakings	30,405
Other debtors	65,208
	95,613

5. Cash and cash equivalents

	31.03.2026
	£
Cash at bank and in hand	1,136,756

6. Creditors: amounts falling due within one year

	31.03.2026
	£
Accruals and deferred income	1,272,458

7. Called-up share capital

	31.03.2026
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100

8. Ultimate controlling party

Parent Company:

Screen Cornwall CIC

Unit S211, Percy Williams Building Krowji, West Park, Redruth, TR15 3GE