REGISTERED NUMBER: 04891815 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Steam Motion and Sound Uk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B C Sullivan

C Jacobsen

REGISTERED OFFICE:

Unit 3 Blue Lion Place

237 Long Lane

London

SE1 4PU

REGISTERED NUMBER:

04891815 (England and Wales)

ACCOUNTANTS:

Amicustax Limited

1st Floor, 12 David Mews

Marylebone

London

W1U 6EG

FIXED ASSETS

Tangible assets

4

446,072

520,550

Investments

5

304,465

371,660

750,537

892,210

CURRENT ASSETS

Debtors

6

1,261,685

1,278,004

Cash at bank and in hand

285,320

309,641

1,547,005

1,587,645

CREDITORS

Amounts falling due within one year

7

407,767

476,641

NET CURRENT ASSETS

1,139,238

1,111,004

TOTAL ASSETS LESS CURRENT LIABILITIES

1,889,775

2,003,214

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,889,675

2,003,114

1,889,775

2,003,214

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

B C Sullivan - Director

1.	STATUTORY INFORMATION

Steam Motion and Sound Uk 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 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings & equip

-

25% on cost

Short leasehold property - Straight line over life of lease of 15 years.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Short

fittings

leasehold

& equip

Totals

£

£

£

COST

At 1 January 2025

431,741

1,275,795

1,707,536

Additions

3,605

26,507

30,112

At 31 December 2025

435,346

1,302,302

1,737,648

DEPRECIATION

At 1 January 2025

81,184

1,105,802

1,186,986

Charge for year

20,718

83,872

104,590

At 31 December 2025

101,902

1,189,674

1,291,576

NET BOOK VALUE

At 31 December 2025

333,444

112,628

446,072

At 31 December 2024

350,557

169,993

520,550

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.25

31.12.24

£

£

Other investments

304,465

371,660

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

305,180

363,478

Amounts owed by associates

830,036

830,036

Other debtors

126,469

84,490

1,261,685

1,278,004

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

150

-

Finance leases

13,985

13,985

Trade creditors

23,976

41,923

Taxation and social security

267,855

348,040

Other creditors

101,801

72,693

407,767

476,641

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

C Jacobsen

Balance outstanding at start of year

-

60

Amounts advanced

518

-

Amounts repaid

-

(60

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

518

-

B C Sullivan

Balance outstanding at start of year

(34,834

)

3

Amounts advanced

(14,323

)

-

Amounts repaid

-

(34,837

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(49,157

)

(34,834

)

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed £830,036 (2024 - £830,036) by Wider Lens Property Ltd, a company controlled by the directors.

10.	ULTIMATE CONTROLLING PARTY

The company was controlled by the directors throughout the year.