NANDV Media LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC352338

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		238,716		238,716

			238,716		238,716
CURRENT ASSETS
Debtors	5	193,815		248,157
Cash at bank and in hand		1,458		4,616

		195,273		252,773
Creditors: Amounts Falling Due Within One Year	6	(3,500 )		(3,500 )

NET CURRENT ASSETS (LIABILITIES)			191,773		249,273

TOTAL ASSETS LESS CURRENT LIABILITIES			430,489		487,989

NET ASSETS ATTRIBUTABLE TO MEMBERS			430,489		487,989

REPRESENTED BY:
Equity
Members' other interests
Members' capital		430,489		487,989

			430,489		487,989

TOTAL MEMBERS' INTEREST
Amounts due from members			(1,315)		(657)
Members' other interests			430,489		487,989

			429,174		487,332

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NANDV Media LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

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

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Veranding Limited

Designated Member

09/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

NANDV Media LLP is a limited liability partnership, incorporated in England & Wales, registered number OC352338 . The Registered Office is Hammingden Place Hammingden Lane, Ardingly, Haywards Heath, West Sussex, RH17 6SR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Significant judgements and estimations

Impairment of production loans

The company holds a portfolio of production loans/debts from unlisted trading companies, including subsidiaries. The company uses estimates based on historical experienceand current information in determining the level of loans/debts for which an impairment charge is required. The level of impairment required is reviewed on an ongoing basis.

The total recoverable value of current asset investments is £NIL (2024: £NIL).

2.4. Financial Instruments

Unlisted Investments

The company holds investments in equity shares of unlisted companies. It is considered by the directors that the fair value of theseinvestments cannot be measured reliably. These investments are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period, the company assesses whether there is objective evidence of impairment of any financial assets that aremeasured at cost or amortised cost, including unlisted investments, loans, trade debtors and cash. If there is objective evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.

Cash and cash equivalents

Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid investments that are readilyconvertible to known amounts of cash that are subject to an insignificant risk of change in value.

Unlisted investments

The company holds investments in unlisted non-puttable equity shares in a subsidiary undertaking. It is considered by the directors that thefair value of these shares cannot be measured reliably. These investments are measured at cost less impairment.

Other financial assets

Other financial assets including trade debtors for goods or services sold to customers on short-term credit, are initially measured at the undiscounted amount of cash receivable from that customer, which is normally the invoice price, and are subsequently measured at

amortised cost less impairment, where there is objective evidence of an impairment.

Loans and borrowings

All loans and borrowings, both assets and liabilities are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one year or on demand are not amortised. Loans and borrowings are classified as current assets or liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least twelve months after the financial year end date.

Other financial liabilities

Trade creditors are measured at invoice price, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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NANDV Media LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	237,796	920	238,716

As at 31 March 2025	237,796	920	238,716

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	237,796	920	238,716

As at 1 April 2024	237,796	920	238,716

The company's investments at the balance sheet date in the share capital of companies include the following material items:
Protagonist Pictures Limited
Registered office: Gilmoora House, 57-61 Mortimer Street, London W1W 8HS
Nature of business: Film sales agent
Class of shares:	Ordinary
% holding:	55.00%
		2024	2023
		£	£
Aggregate capital and reserves		1,690,940	1,679,488
Profit (loss) for the year		11,452	(566,087)

In addition to the investment in shares referred to above, included in debtors are loans to the subsidiary with a carrying value amounting to £192,500 (2024: £247,500).

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by subsidiaries	192,500	247,500
Amounts due from members	1,315	657

	193,815	248,157

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	3,500	3,500

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NANDV Media LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Related Party Transactions

Amounts owed by (to) related undertakings:	Opening balance £	Advances £	Repayments £	Interest, fees & commissions £	Closing balance £
Protagonist Pictures Limited - Loan notes	247,500	-	(55,000)	-	192,500
Protagonist Pictures Limited - Production loan	175,906	-	-	-	175,906
Filmwave Limited - Production loan	532,500	-	-	-	532,500
	955,906	-	(55,000)	-	900,906
Provisions against amounts owed by related parties:	Opening balance £	Provision £	Write-off £	Reversal £	Closing balance £
Protagonist Pictures Limited - Production loan	(175,906)	-	-	-	(175,906)
Filmwave Limited - Production loan	(532,500)	-	-	-	(532,500)
	(708,406)	-	-	-	(708,406)
Total net amount owed by (to) related parties	247,500	-	(55,000)	-	192,500

Protagonist Pictures Limited is a subsidiary undertaking of the company.

Filmwave Limited was connected owing to commonality of a shareholder/director.

All amounts were unsecured, interest free and repayable on demand.

8. Ultimate Parent Undertaking and Controlling Party

The LLP's immediate and ultimate parent undertaking is Veranding Limited. Veranding Limited was incorporated in England. The ultimate controlling parties were Nigel and Veronica Williams owing to their controlling interest in Veranding Limited.

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