STUDIO POW (THE GLOVE) LIMITED

Company Registration Number
10920490
(England and Wales)

Private limited company limited by shares
Registered office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom

Small Company Accounts (AMENDED)

For the Year Ended 30 October 2025

Prepared in accordance with the small companies regime
of the Companies Act 2006 and FRS 102

STUDIO POW (THE GLOVE) LIMITED

Contents

Balance Sheet
Statement of Compliance
Notes to the Financial Statements

STUDIO POW (THE GLOVE) LIMITED

Balance sheet

As at 30 October 2025

2025
£		 2024
£
Fixed assets
Intangible assets 0 206,562
0 206,562
 
Current assets
Debtors 2 383,788
2 383,788
 
Creditors: amounts falling due within one year 0 0
Net current assets (liabilities) 2 383,788
Total assets less current liabilities 2 590,350
Creditors: amounts falling due after more than one year (712,450) (912,450)
 
Total net assets (liabilities) (712,448) (322,100)
 
Capital and reserves
Called up share capital 2 2
Profit and loss account (712,450) (322,102)
Shareholders' funds (712,448) (322,100)

STUDIO POW (THE GLOVE) LIMITED

Balance sheet continued

For the year ending 30 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board of Directors and authorised for issue on 29 October 2026.

TREVERS, Perry Colin
Director

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements

for the Year Ended 30 October 2025

1. Accounting Policies

Turnover
Turnover is recognised when goods are delivered or services are provided.

Taxation
Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Intangible fixed assets
Intangible fixed assets are stated at cost less accumulated amortisation. Film development costs are carried as an intangible asset while the film is in active development and written off when recovery is no longer probable; they were written off in 2025. Investor funding is shown as a creditor at the amount received. It is interest-free and repayable only from the film's gross receipts, save that it becomes repayable in full if a liquidator, receiver or administrator is appointed. No receipts have arisen.

Debtors
Debtors are recognised at the settlement amount due.

Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements (continued)

2. Basis of Preparation

These financial statements have been prepared in accordance with the small companies regime of the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

3. Employee Information

The average number of employees during the year was 0.

4. Off-balance sheet arrangements

The company had no off-balance sheet arrangements during the year.

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements (continued)

5. Advances, credit and guarantees granted to directors

No advances or credit were granted to, and no guarantees were entered into on behalf of, the directors during the year.

6. Financial commitments, guarantees and contingencies

The company had no financial commitments, guarantees or contingencies that are not included in the balance sheet.

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements (continued)

7. Intangible Fixed Assets

Intangible fixed assets are stated at net book value.

2025
£
Net book value at start of period 206,562
Additions less disposals 183,786
Amortisation charge for period (390,348)
Net book value at end of period 0

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements (continued)

8. Debtors

Debtors comprise amounts receivable at the balance sheet date.

2025
£		 2024
£
Trade and other debtors 2 383,788

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements (continued)

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

Creditors due after more than one year comprise obligations falling due more than twelve months after the balance sheet date.

2025
£		 2024
£
Trade and other creditors due after one year (712,450) (912,450)

STUDIO POW (THE GLOVE) LIMITED

Notes to the Financial Statements (continued)

10. Share capital

Allotted and called up:

Number 2025
£		 2024
£
Ordinary shares of £1 each 2 2 2

11. Related party transactions

Studio Pow Limited (company number 10435875), of which the director was also a director, received the company's investor funding into its bank account and charged the company fundraising fees and film development costs. The balance owed by Studio Pow Limited of £183,786 at 30 October 2025 (2024: £383,786) was written off in full in 2025. Studio Pow Limited is in compulsory liquidation (winding-up order 8 March 2026).

Revised Accounts Statement

These revised accounts replace the accounts previously filed for the period ended 30 October 2025.

These accounts are now the statutory accounts for the period.

These accounts have been prepared as at 31 August 2026, the date of the original accounts.

Respects in which the previously filed accounts did not comply with the Companies Act 2006:
The original accounts did not record the investor funding of £912,450 received by the company under its funding agreements for the film The Glove (of which £712,450 was outstanding at 30 October 2025), the related balance held for the company by Studio Pow Limited, the fundraising fees and film development costs charged against it, or the write-off of those balances in 2025 following the cessation of Studio Pow Limited's business. Balances recorded in the 2021 and 2022 accounts had been omitted from 2023 onwards.

Significant amendments made:
Investor funding of £712,450 (2024: £912,450) recognised as a creditor due after more than one year, repayable only from film receipts. 2024 comparatives restated to show film development costs of £206,562 and £383,786 due from Studio Pow Limited. Both written off in 2025, giving a loss of £390,348. Net liabilities at 30 October 2025 of £712,448 (originally net assets of £2); 2024 restated to net liabilities of £322,100 (originally £2). No corporation tax is payable.

Date of approval of revision: 02 November 2026