Company registration number 12635781 (England and Wales)
MM - EYE VENTURES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MM - EYE VENTURES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
3 - 6
MM - EYE VENTURES LTD
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
263,621
263,621
Current assets
Debtors
6
1,000
1,000
Cash at bank and in hand
80
35
1,080
1,035
Creditors: amounts falling due within one year
7
(258,381)
(255,953)
Net current liabilities
(257,301)
(254,918)
Net assets
6,320
8,703
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
5,320
7,703
Total equity
6,320
8,703

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 January 2026 and are signed on its behalf by:
Mr D C Field
Director
Company registration number 12635781 (England and Wales)
MM - EYE VENTURES LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
1,000
(5,467)
(4,467)
Year ended 30 June 2024:
Profit for the year
-
534,020
534,020
Distributions to EOT
-
(520,850)
(520,850)
Balance at 30 June 2024
1,000
7,703
8,703
Year ended 30 June 2025:
Profit for the year
-
133,739
133,739
Distributions to EOT
-
(136,122)
(136,122)
Balance at 30 June 2025
1,000
5,320
6,320
MM - EYE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

MM - Eye Ventures Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, United Kingdom, EC1M 4JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about MM - Eye Ventures Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

1.2
Going concern

As at the balance sheet date, the financial statements show that the company has net current liabilities of £2 true 57,241 as a result of amounts due to its subsidiary undertaking and other related parties. The financial statements have been prepared on a going concern basis as the company has control of its subsidiary undertaking and can direct it to make sufficient funds available to the company to enable it to meet its liabilities as they fall due for payment. The directors are satisfied that the subsidiary has the necessary liquidity to provide this support.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with bank.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MM - EYE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

No key judgements or estimates were required in the preparation of these financial statements.

3
Employees

The average monthly number of persons (excluding directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
MM - EYE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
4
Fixed asset investments
2025
2024
£
£
Shares in subsidiary undertakings
263,621
263,621
5
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
MM - Eye Limited
82 St John Street, London, EC1M 4JN
Market research
Ordinary
100.00
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,000
1,000
7
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
258,381
255,953
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
9
Related party transactions

MM - Eye Limited

As permitted under FRS102 s33.1A, the financial statements do not disclose transactions with the parent undertaking and wholly owned fellow subsidiaries.

At the balance sheet date, o ther creditors includes £206,941 (2024: £204,573) owed to MM - Eye Limited.

MM - Eye Limited is a subsidiary of MM - Eye Ventures Limited.

Directors' Current Accounts

At the balance sheet date, o ther creditors includes £20,000 (2024: £20,000) owed to Mr D C Field, £15,000 (202 4: £15,000) owed to Mrs D J Fitzpatrick and £15,000 (202 4: £15,000) owed to Mrs A M L Phillips.

They are all directors of MM - Eye Ventures Limited.

MM - EYE VENTURES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
10
Ultimate controlling party

The ultimate controlling party is MM – Eye (EOT Corporate Trustee) Limited, whose registered office is 82 St John Street, London, EC1M 4JN. MM – Eye (EOT Corporate Trustee) Limited is the trustee of MM – Eye Employee-Ownership Trust and ultimately holds the share capital of the company on behalf of the trust for the benefit of the employees of the company’s subsidiary undertaking, MM – Eye Limited.

No entity prepares consolidated financial statements that include the company.

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