REGISTERED NUMBER: 12121092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ONE PICTURE GROUP UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Bourke

J Calvey

C R Cato Symonds

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

12121092 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

751

2,253

CURRENT ASSETS

Debtors

5

159,005

211,848

Cash at bank

613,649

689,835

772,654

901,683

CREDITORS

Amounts falling due within one year

6

485,601

606,078

NET CURRENT ASSETS

287,053

295,605

TOTAL ASSETS LESS CURRENT LIABILITIES

287,804

297,858

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

287,704

297,758

SHAREHOLDERS' FUNDS

287,804

297,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by:

R Bourke - Director

1.	STATUTORY INFORMATION

One Picture Group Uk Limited 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.

Going concern

The Directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate for the foreseeable future.

Turnover

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

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Office equipment - 33% Straight line

Financial instruments

Basic financial instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS 102.

Taxation

Taxation for the year 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 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.

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.

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 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

12,168

DEPRECIATION

At 1 April 2025

9,915

Charge for year

1,502

At 31 March 2026

11,417

NET BOOK VALUE

At 31 March 2026

751

At 31 March 2025

2,253

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

113,562

178,447

Other debtors

45,443

33,401

159,005

211,848

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

55,278

38,405

Amounts owed to group undertakings

183,560

342,471

Taxation and social security

16,287

15,499

Other creditors & accruals

230,476

209,703

485,601

606,078

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

1,000

Ordinary A

0.1

100

100

8.	RELATED PARTY DISCLOSURES

At the year end the Company has an outstanding loan to its ultimate parent, The One Picture Group Limited of £164,353 (2025: £342,471). No interest is due on the outstanding amounts.

During the year, there were intercompany recharges from The One Picture Group Limited of £152,792 (2025: £200,337) relating to use of intellectual property.

9.	ULTIMATE CONTROLLING PARTY AND ULTIMATE PARENT COMPANY

The ultimate controlling party is the Lampard Bourke Family Trust, by virtue of their interest in The One Picture Group Limited (incorporated in New Zealand), the company's immediate and ultimate parent company.

The One Picture Group Limited registered office is c/o Withers Tsang Chartered Accountants, Level 18, Sap Tower, 151 Queen Street, Auckland, 1010, New Zealand.