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Registration number: 09477162

OD Pictures Ltd Unaudited Financial Statements for the Year Ended 31 March 2026
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

OD Pictures Ltd

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

OD Pictures Ltd

Company Information

Director | Mr O Deeks

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

OD Pictures Ltd

Statement of Financial Position as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 216,231 | 133,937
Current assets |  |  |
Debtors | 5 | 195,062 | 117,866
Cash at bank and in hand |  | 5,546 | 133
|  | 200,608 | 117,999
Creditors: Amounts falling due within one year | 6 | (188,788) | (94,540)
Net current assets |  | 11,820 | 23,459
Total assets less current liabilities |  | 228,051 | 157,396
Creditors: Amounts falling due after more than one year | 6 | (53,270) | (47,664)
Provisions for liabilities |  | (54,058) | (33,484)
Net assets |  | 120,723 | 76,248
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 120,721 | 76,246
Shareholders' funds |  | 120,723 | 76,248

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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

OD Pictures Ltd

Statement of Financial Position as at 31 March 2026

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of OD Pictures Ltd has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 6 July 2026

.........................................

Mr O Deeks

Director

Company registration number: 09477162

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of camera services and the production of motion pictures.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 March 2026 and had net assets of £120,723 at that date.
The company's services have remained in demand subsequent to 31 March 2026 and the company continues to trade profitably.
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities and is shown net of sales/value added tax, returns, rebates and discounts.
Revenue is recognised based on the contractual stage of completion of the services provided.

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Fixed Assets

Fixed assets are stated in the statement of financial position at cost less accumulated depreciation and accumulated impairment losses.
The cost of plant and machinery includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 5 years straight line
Motor vehicles | 4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance leases and hire purchase

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.
Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.
The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company during the year, was 1 (2025 - 1).

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible fixed assets

| Motor vehicles £ | Plant and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 30,000 | 237,192 | 267,192
Additions | 41,331 | 113,599 | 154,930
Disposals | (30,000) | (9,690) | (39,690)
At 31 March 2026 | 41,331 | 341,101 | 382,432
Depreciation
At 1 April 2025 | 625 | 132,630 | 133,255
Charge for the year | 2,583 | 40,678 | 43,261
Eliminated on disposal | (625) | (9,690) | (10,315)
At 31 March 2026 | 2,583 | 163,618 | 166,201
Carrying amount
At 31 March 2026 | 38,748 | 177,483 | 216,231
At 31 March 2025 | 29,375 | 104,562 | 133,937

5 | Debtors

| 2026 £ | 2025 £
Trade debtors | 169,391 | 36,910
Other debtors | 25,671 | 80,956
| 195,062 | 117,866

OD Pictures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Loans and borrowings | 7 | 16,270 | 13,899
Trade creditors |  | 51,923 | 56,366
Taxation and social security |  | 6,432 | 6,270
Accruals and deferred income |  | 5,879 | 5,871
Other creditors |  | 108,284 | 12,134
|  | 188,788 | 94,540

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Loans and borrowings | 7 | 53,270 | 47,664

7 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Bank loans | 10,250 | 10,083
Hire purchase obligations | 6,020 | 3,816
| 16,270 | 13,899

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank loans | 15,260 | 22,030
Hire purchase obligations | 38,010 | 25,634
| 53,270 | 47,664

Obligations under hire purchase agreements are secured on the motor vehicles shown in note 5.

8 | Transactions with directors

At 31 March 2026 an amount of £Nil (2025: £69,893) was due from the director. During the year advances of £29,064 and repayments of £98,957 were made. Interest of £1,030 (2025: £2,324) is payable to the company at 3.75% p.a.