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COMPANY REGISTRATION NUMBER: 08495607
M2 Entertainment Limited
Filleted Financial Statements
31 December 2024
M2 Entertainment Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
713
713
Current assets
Debtors
5
3,898,492
3,711,348
Cash at bank and in hand
34
302
------------
------------
3,898,526
3,711,650
Creditors: amounts falling due within one year
6
2,520,409
2,489,114
------------
------------
Net current assets
1,378,117
1,222,536
------------
------------
Total assets less current liabilities
1,378,830
1,223,249
------------
------------
Net assets
1,378,830
1,223,249
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,378,730
1,223,149
------------
------------
Shareholders funds
1,378,830
1,223,249
------------
------------
These financial statements 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 income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:
M J M Nielsen
Director
Company registration number: 08495607
M2 Entertainment Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2. Statement of compliance
These financial statements 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 financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has undertaken a rigorous assessment of the going concern status of the company, for the purpose of preparing the financial statements, and has concluded that the company remains a going concern on the strength that both financial and operational support from within the group continues to be made available for a period of not less than twelve months from the date of approval of the financial statements. The director is not aware of any material uncertainty arising from the assessment that would cast significant doubt on the company's ability to continue as a going concern and therefore the financial statements are to be prepared on the going concern basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of M2 Film A/S which can be obtained on request. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking of M2 Group A/S, a company incorporated in Denmark, and is included in the consolidated financial statements of that company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
713
----
Impairment
At 1 January 2024 and 31 December 2024
–
----
Carrying amount
At 31 December 2024
713
----
At 31 December 2023
713
----
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
3,890,375
3,704,504
Other debtors
8,117
6,844
------------
------------
3,898,492
3,711,348
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,515,159
2,483,864
Other creditors
5,250
5,250
------------
------------
2,520,409
2,489,114
------------
------------
7. Summary audit opinion
The auditor's report dated 12 December 2025 was unqualified .
The senior statutory auditor was Mark Richardson , for and on behalf of Moore Kingston Smith LLP .
8. Related party transactions
The company is a majority (90%) owned subsidiary of M2 Group A/S and the results of the company and its subsidiaries are consolidated within the group financial statements of M2 Group A/S. The registered office of M2 Group A/S is Filmbyen 23, 4., 8000 Aarhus C, Denmark. The company has taken advantage of exemptions available in FRS102 whereby disclosures of transactions and balances with wholly owned subsidiaries are not required to be disclosed. Disclosure is also not required where transactions and balances are conducted at normal market rates.
9. Controlling party
The immediate and ultimate parent company is M2 Group A/S , a company registered in Denmark. The ultimate controlling party is M Nielsen by virtue of his shareholding in M2 Group A/S.