Below The Line Animation Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11635189

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	574,537		103,623
Cash at bank and in hand		11		373,674

		574,548		477,297
Creditors: Amounts Falling Due Within One Year	5	(381,621 )		(378,222 )

NET CURRENT ASSETS (LIABILITIES)			192,927		99,075

TOTAL ASSETS LESS CURRENT LIABILITIES			192,927		99,075

NET ASSETS			192,927		99,075

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			192,827		98,975

SHAREHOLDERS' FUNDS			192,927		99,075

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Below The Line Animation Ltd

Balance Sheet (continued)

As At 31 March 2026

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Duveen

Director

23 September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Below The Line Animation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11635189 . The registered office is Studio 2, De Beauvoir Block, 92-96 De Beauvoir Road, London, N1 4EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover relates to the production of a animation and video game projects. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.

The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.

A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.

3. Average Number of Employees

There are no employees as staff have been lent to this company by the immediate parent undertaking. The average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Debtors

	2026	2025
	£	£
Due within one year
Corporation tax recoverable assets	574,537	103,623

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Below The Line Animation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(1 )	-
VAT	-	745
Accruals and deferred income	9,539	6,139
Amounts owed to parent undertaking	372,083	371,338

	381,621	378,222

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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