NBF Studio One Ltd

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

Registered number: 15615661

		31 August 2026		31 March 2026
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	565,829		208,828
Cash at bank and in hand		21,051		2,226

		586,880		211,054
Creditors: Amounts Falling Due Within One Year	5	(235,878 )		(211,053 )

NET CURRENT ASSETS (LIABILITIES)			351,002		1

TOTAL ASSETS LESS CURRENT LIABILITIES			351,002		1

Creditors: Amounts Falling Due After More Than One Year	6		(351,001 )		-

NET ASSETS			1		1

CAPITAL AND RESERVES
Called up share capital	7		1		1

SHAREHOLDERS' FUNDS			1		1

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NBF Studio One Ltd

Balance Sheet (continued)

As At 31 August 2026

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

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

The director acknowledges her 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

Miss Victoria Novadnieks

Director

26 October 2026

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

1. General Information

NBF Studio One Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15615661 . The registered office is 43-45 St. John Street, 2nd Floor, London, EC1M 4AN.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.

2.3. Turnover

Turnover relates to the production of a film. 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.

2.4. Taxation

The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which is included in sales. 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

The company is producing a film entitled “Sylvie”. In common with the film and television industry, the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed so the average number of employees during the period was: NIL (2026: NIL)

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NBF Studio One Ltd

Notes to the Financial Statements (continued)

For the Period 1 April 2026 to 31 August 2026

4. Debtors

	31 August 2026	31 March 2026
	£	£
Due within one year
Trade debtors	300	300
Prepayments and accrued income	482,428	3,593
Corporation tax recoverable assets	79,472	139,147
VAT	3,629	65,788

	565,829	208,828

Prepayments and accrued income is the loans received to finance the project which will only be repaid out of exploitation income. Accordingly, these loans have been shown as accrued income so as to show the true financial position.

5. Creditors: Amounts Falling Due Within One Year

	31 August 2026	31 March 2026
	£	£
Trade creditors	8,529	102,203
Other loans	58,063	-
Amounts owed to participating interests	104,849	25,000
Other creditors	64,437	83,850

	235,878	211,053

6. Creditors: Amounts Falling Due After More Than One Year

	31 August 2026	31 March 2026
	£	£
Other loans	351,001	-

7. Share Capital

	31 August 2026	31 March 2026
	£	£
Allotted, Called up and fully paid	1	1

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