COMPANY REGISTRATION NUMBER:
14302299
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MM (LDJIN) Productions Limited |
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Filleted Unaudited Statement |
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MM (LDJIN) Productions Limited |
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Statement of Financial Position |
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16 February 2025
Current assets
|
Stocks |
1,709,626 |
1,578,358 |
|
Debtors |
4 |
– |
146,379 |
|
Cash at bank and in hand |
2,168 |
141 |
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------------ |
------------ |
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1,711,794 |
1,724,878 |
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|
|
|
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Creditors: amounts falling due within one year |
5 |
1,565,414 |
1,578,498 |
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------------ |
------------ |
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Net current assets |
146,380 |
146,380 |
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--------- |
--------- |
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Total assets less current liabilities |
146,380 |
146,380 |
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--------- |
--------- |
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Net assets |
146,380 |
146,380 |
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--------- |
--------- |
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|
|
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Capital and reserves
|
Called up share capital |
1 |
1 |
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Profit and loss account |
146,379 |
146,379 |
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--------- |
--------- |
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Shareholders funds |
146,380 |
146,380 |
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--------- |
--------- |
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These statement have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 16 February 2025 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 statement for the year in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of statement
.
These statement were approved by the
board of directors
and authorised for issue on
24 November 2025
, and are signed on behalf of the board by:
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Ms Gabrielle Tana |
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Director |
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Company registration number:
14302299
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MM (LDJIN) Productions Limited |
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Year ended 16 February 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Harrow, Middlesex, HA3 0AN.
2.
Statement of compliance
These statement have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The statement have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The statement are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Work in progress
The company and Four Provinces Films (LDJN) Limited, incorporated in Republic of Ireland, are co-producing a film entitled "Long Days Journey Into Night" under the European Convention on Cinematographic Co-production (revised) made at Rotterdam on 30 January 2017. Stocks is work in progress and represents the company's share of expenditure in respect of the film "Long Days Journey Into Night". It is stated at cost to the Company.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
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Other debtors |
– |
146,379 |
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--------- |
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5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Trade creditors |
227,802 |
257,078 |
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Social security and other taxes |
195 |
9,060 |
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Other creditors |
1,337,417 |
1,312,360 |
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------------ |
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1,565,414 |
1,578,498 |
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------------ |
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Other creditors totalling £1,312,360 includes £1,304,860 in respect of production advances and loans received to produce the film.
6.
Contingencies
Charges have been made against the company's assets including its rights, title and interest in and to the film, in favour of the following entities who have advanced funds to finance film production costs: - Carolyn Marks Blackwood - Magolia Mae Films Limited - Bill Kenwright Studios Limited
7.
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
8.
Controlling party
The company is a wholly owned subsidiary of
MM (LDJIN) Distribution Limited
, whose registered office address is 99 Kenton Road, Harrow. Middlesex. HA3 0AN. The company's ultimate parent company and ultimate controlling party is Magnolia Mae Films Limited, a company incorporated in the United Kingdom.