ACCOUNTS - Final Accounts preparation

Registered number: 16208982

LEVEL SIX FILMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2026

LEVEL SIX FILMS LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Statement of changes in equity	3
Notes to the financial statements	4 - 8

LEVEL SIX FILMS LIMITED

REGISTERED NUMBER: 16208982

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026
Note		£

Fixed assets
Tangible assets	4		2,008
			2,008
Current assets
Debtors: amounts falling due within one year	5	922
Cash at bank and in hand	6	484
		1,406
Creditors: amounts falling due within one year	7	(5,253)
Net current liabilities			(3,847)
Total assets less current liabilities			(1,839)

Net liabilities			(1,839)

Capital and reserves
Called up share capital	8	100
Profit and loss account		(1,939)
		(1,839)

Page 1

LEVEL SIX FILMS LIMITED

REGISTERED NUMBER: 16208982

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 October 2026.

William Newell Prince

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

LEVEL SIX FILMS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(1,939)	(1,939)
Shares issued during the period	100	-	100
At 31 January 2026	100	(1,939)	(1,839)

The notes on pages 4 to 8 form part of these financial statements.

Page 3

LEVEL SIX FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

1.	General information

Level Six Films Limited is a private company, limited by shares, incorporated in England and Wales, registration number 16208982. The registered office is C/O Ecovis 3rd Floor Waverley House, 7-12 Noel Street, London, United Kingdom, W1F 8GQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis. In making this assessment, the director has considered the Company's current financial position, cash flow forecasts and working capital requirements for a period of at least twelve months from the date of approval of these financial statements.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due. Accordingly, the director has adopted the going concern basis in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 4

LEVEL SIX FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment

years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

LEVEL SIX FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	2,581
	At 31 January 2026	2,581
	Depreciation
	Charge for the period on owned assets	573
	At 31 January 2026	573
	Net book value
	At 31 January 2026	2,008

Page 6

LEVEL SIX FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

Debtors

					2026
					£


	VAT recoverable	922
		922

6.	Cash and cash equivalents
		2026
		£

	Cash at bank and in hand	484
		484

7.	Creditors: Amounts falling due within one year
		2026
		£

	Trade creditors	236
	Amount owed to director	5,017
		5,253

8.	Share capital
		2026
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On 27 January 2025 the Company was incorporated with 100 ordinary shares in issue.

9.	Related party transactions
	Included within creditors is an amount of £5,017 owed to the director. The balance is unsecured, interest free and has no fixed repayment terms.

Page 7

LEVEL SIX FILMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

10.	Controlling party

The ultimate controlling party is William Newell Prince by virtue of his ownership of the Company’s issued share capital.

Page 8