ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 16079080

ROUTE 24 UMBRIA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JULY 2026

ROUTE 24 UMBRIA LIMITED

REGISTERED NUMBER: 16079080

STATEMENT OF FINANCIAL POSITION

AS AT 3 JULY 2026

	3 July	31 March
	2026	2025
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	3,803,758		-
Cash at bank and in hand	5	244,891		100
		4,048,649		100
Creditors: amounts falling due within one year	6	(4,166,508)		-
Net current (liabilities)/assets			(117,859)		100
Total assets less current liabilities			(117,859)		100

Net (liabilities)/assets			(117,859)		100

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(117,959)	-
		(117,859)	100

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 period 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 statement of income and retained earnings 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 29 October 2026.

M Samuelson

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ROUTE 24 UMBRIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JULY 2026

1.	General information

Route 24 Umbria Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS and principal place of business is Unit 204 - Clerkenwell Workshops, 27/31 Clerkenwell Close, London, EC1R 0AT.

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 and 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

Revenue

Revenue comprises production license fees and distribution revenue receivable in respect of production of a television programme and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

Where revenue received exceeds costs incurred to date and profits are not anticipated, the balance is treated as deferred income and held on the Statement of Financial Position until further costs are incurred or profits anticipated. At this point the deferred income is released to the Statement of Income and Retained Earnings.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

The Company is eligible to claim a tax credit on high end television 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 forward against future profits

2.5

Debtors

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

2.6

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.

2.7

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 2

ROUTE 24 UMBRIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JULY 2026

2.Accounting policies (continued)

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties.

Employees

The average monthly number of employees, including directors, during the period was 6 (2025 - 3).

Debtors

					3 July	31 March
					2026	2025
					£	£


Other debtors	70,404	-
Prepayments and accrued income	3,056,877	-
Tax recoverable	676,477	-
	3,803,758	-

Cash at bank and in hand	244,891	100
	244,891	100

Page 3

ROUTE 24 UMBRIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 3 JULY 2026

Other loans	838,842	-
Trade creditors	4,731	-
Amounts owed to group undertakings	678,568	-
Other taxation and social security	2,015,042	-
Accruals and deferred income	629,325	-
	4,166,508	-

Amounts due to group undertakings were provided interest free and are repayable on demand. Creditors include amounts secured by a fixed and floating charge over the assets of the company.

Allotted, called up and fully paid

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

On incorporation the company issued 100 ordinary shares of £1 each at par for a cash consideration.

Related party transactions

During the period, fees and recharges totalling £1,868,502 were payable to the shareholder of the company. Also, during the period payments totalling £1,668,481 were made in respect of the fees and recharges. At the reporting date, £478,568 was payable to the shareholder of the company. All transactions were carried out at arms length.

During the period, advances totalling £6,825 and production funding totalling £200,000 were received from the shareholder of the company. Also, during the period payments totalling £6,825 were made in respect of the advances. At the reporting date, £200,000 was due in respect of the production funding. The loan is repayable on demand and not interest bearing.

9.	Controlling party

Throughout the period, the immediate and ultimate parent undertaking was Route 24 Limited, a company incorporated in England. The ultimate controlling party was M Samuelson, a director of Route 24 Umbria Limited.

Page 4