Company No: 07987338 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

Mr A King

Registered office	C/O Kreston Reeves Llp Nile House
	Nile Street
	Brighton
	BN1 1HW
	United Kingdom

Company number

07987338 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	35,551		45,334
		35,551		45,334
Current assets
Debtors	5	35,481		27,253
Cash at bank and in hand		80,888		77,887
		116,369		105,140
Creditors: amounts falling due within one year	6	( 18,281)		( 16,444)
Net current assets		98,088		88,696
Total assets less current liabilities		133,639		134,030
Provision for liabilities	7	( 8,889)		( 11,334)
Net assets		124,750		122,696
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		124,650		122,596
Total shareholders' funds		124,750		122,696

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Adam King Limited (registered number: 07987338) were approved and authorised for issue by the Director on 04 November 2026. They were signed on its behalf by:

Mr A King Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Adam King Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Kreston Reeves Llp Nile House, Nile Street, Brighton, BN1 1HW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	10,000		10,000
At 31 March 2026	10,000		10,000
Accumulated amortisation
At 01 April 2025	10,000		10,000
At 31 March 2026	10,000		10,000
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 April 2025	125,638		4,491		130,129
Additions	22,053		0		22,053
Disposals	( 307)		0		( 307)
At 31 March 2026	147,384		4,491		151,875
Accumulated depreciation
At 01 April 2025	81,946		2,849		84,795
Charge for the financial year	30,734		795		31,529
At 31 March 2026	112,680		3,644		116,324
Net book value
At 31 March 2026	34,704		847		35,551
At 31 March 2025	43,692		1,642		45,334

5. Debtors

	2026		2025
	£		£
Amounts owed by related parties	0		480
Amounts owed by director	0		977
VAT recoverable	0		2,795
Other debtors	35,481		23,001
	35,481		27,253

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	0		600
Amounts owed to director	1,196		0
Accruals	2,100		2,000
Taxation and social security	13,785		13,844
Other creditors	1,200		0
	18,281		16,444

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 11,334)		( 12,193)
Credited to the Statement of Income and Retained Earnings	2,445		859
At the end of financial year	( 8,889)		( 11,334)

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 8,889)		( 11,334)

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
85 Ordinary A shares of £ 1.00 each (2025: nil shares)	85		0
15 Ordinary B shares of £ 1.00 each (2025: nil shares)	15		0
Nil Ordinary shares (2025: 100 shares of £ 1.00 each)	0		100
	100		100

During the year, the Company's share capital was restructured whereby the existing ordinary shares were redesignated into 85 Ordinary A shares and 15 Ordinary B shares. The share reorganisation took effect on 14th March 2026.

9. Related party transactions

Other related party transactions

Mr A King
(Director and shareholder)
During the year the director provided the company with an unsecured, interest free loan. At the balance sheet date the amount due to the director was £1,196 (2025 - due from £977).

Third Star Films Limited
(Company under common directorship)
During the year, the company paid expenses on behalf of Third Star Films Limited, a company in which Mr A King is also a director. At the balance sheet date, the amount due from Third Star Films Limited was £35,481 (2025 – due from £480).