ACCOUNTS - Final Accounts preparation

Registered number: 15399556

PEPPERMINT FILMS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

PEPPERMINT FILMS LTD

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5

PEPPERMINT FILMS LTD

REGISTERED NUMBER: 15399556

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£


Current assets
Stocks	4	-		82,078
Debtors: amounts falling due within one year	5	90,133		9,258
Cash at bank and in hand	6	18,709		141,331
		108,842		232,667
Creditors: amounts falling due within one year	7	(31,448)		(232,666)
Net current assets			77,394		1
Total assets less current liabilities			77,394		1

Net assets			77,394		1

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		77,393	-
		77,394	1

PEPPERMINT FILMS LTD

REGISTERED NUMBER: 15399556

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit and loss account 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 by:

S F Price

Director

Date: 29 October 2026

The notes on pages 3 to 5 form part of these financial statements.

PEPPERMINT FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Peppermint Films Ltd is a private company, limited by shares, registered in England and Wales, registration number 15399556. The registered office address is 9 Perseverance Works, Kingsland Road, London, E2 8DD.

The principal activity of the company is that of motion picture production and television programme production activities.

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 Financial Reporting Standard 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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue from motion picture production and television programme production activities represents amounts receivable for the provision of production services.

Revenue is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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

2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Government grants, including Independent Film Tax Credit (''IFTC'') are recognised as other operating income. The recognition of IFTC grants are aligned over the period in which related costs attached to the grant are incurred.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

PEPPERMINT FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company is eligible to claim a tax credit on production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs carried forward against future profits.

2.6

Stocks

Work in progress comprises directly attributable costs incurred in the production of motion picture production and television programmes that have not yet been delivered or fully exploited. Such costs are stated at the lower of cost and net realisable value. Costs are charged to the profit and loss account when the related production is delivered or otherwise exploited.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

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.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

4.	Stocks
		2026	2025
		£	£

	Production cost	-	82,078

PEPPERMINT FILMS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Debtors

					2026	2025
					£	£


Other debtors	90,133	9,258

6.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	18,709	141,331

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	724	161
Amounts owed to group undertakings	7,811	255
Accruals and deferred income	22,913	232,250
	31,448	232,666

8.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1.00	1	1

9.	Related party transactions
	As of the reporting date, the company is a wholly-owned subsidiary of Sandpaper Films Limited, a company registered in England and Wales. No disclosure has been made of transactions with other wholly-owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly-owned subsidiary.