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COMPANY REGISTRATION NUMBER: 12455781

Maven Screen Media Ltd

Filleted Financial Statements

31 December 2024

Maven Screen Media Ltd

Statement of Financial Position

31 December 2024

| 2024 | 2023
|  | (restated)
Note | £ | £

Fixed assets

Investments | 5 | 719 | 719

Current assets

Stocks | 49,584 | –
Debtors | 6 | 758,550 | 519,656
Cash at bank and in hand | 78,062 | 391,225
| --------- | ---------
| 886,196 | 910,881

Creditors: amounts falling due within one year | 7 | ( 164,394) | ( 48,448)
| --------- | ---------
Net current assets | 721,802 | 862,433
| --------- | ---------
Total assets less current liabilities | 722,521 | 863,152

Creditors: amounts falling due after more than one year | 8 | – | ( 7,774)
| --------- | ---------
Net assets | 722,521 | 855,378
| --------- | ---------

Capital and reserves

Called up share capital | 131 | 131
Share premium account | 2,049,819 | 2,049,819
Profit and loss account | ( 1,327,429) | ( 1,194,572)
| ------------ | ------------
Shareholders funds | 722,521 | 855,378
| ------------ | ------------

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 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 were approved by the board of directors and authorised for issue on 19 February 2026 , and are signed on behalf of the board by:

C Rattray
Director

Company registration number: 12455781

Maven Screen Media Ltd

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, United Kingdom. The principal place of business address is 35 Endell Street, London, WC2H 9BA.
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, and in accordance with applicable accounting standards. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Company made a loss for the year £133k (2023:£130k) and had net assets of £723k (2023: net assets £855k). Despite this, a review of forecasts undertaken by the directors for the entity and continued support from the shareholders, they have a reasonable expectation that the Company has adequate resources to continue as a going concern for the foreseeable future, being at least twelve months from the date these financial statements have been approved. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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. Actual results may differ from these estimates. Key sources of estimation uncertainty Investments and intangible asset impairment The directors consider the carrying value of investments and intangible assets to be recoverable based on the trading performance and position of the respective underlying entities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable arising from the development, production and exploitation of film and TV projects, stated net of discounts and of Value Added Tax. Revenue is recognised once the right to the income has been earned.
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 initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Work in progress
Work in progress represents the cost of various film and television projects on which the company is currently in development. An assessment is made at the end of each financial period and those projects which are no longer likely to go into production are written off.
Financial instruments
Financial assets Financial assets are recognised when the Company becomes a party to the contractual provisions of the financial instrument. Loans and receivables Trade receivables and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are initially recognised at fair value and are subsequently measured using the effective interest method less provision for any impairment. Financial liabilities and equity instruments Financial liabilities and equity 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. Other financial liabilities (including borrowing and trade and other payables) are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 3 ).
5. Investments

| Shares in group undertakings
| £
Cost |
At 1 January 2024 as restated and 31 December 2024 | 719
| ----
Impairment |
At 1 January 2024 as restated and 31 December 2024 | –
| ----

Carrying amount |
At 31 December 2024 | 719
| ----
At 31 December 2023 | 719
| ----

Subsidiaries, associates and other investments

| Registered office | Class of share | Percentage of shares held
Subsidiary undertakings |  |  |
Infinite Storm Film Limited | 10 Orange Street, London, England, WC2H 7DQ | Ordinary | 100
Maven US Inc | 276 5th Avenue, 704-1442, New York, NY 10001 | Ordinary | 100
MSM Operations LLC | 276 5th Avenue, 704-1442, New York, NY, 10001 | Ordinary | 100
Maven Signatory US LLC | PO Box 93, Clinton, LA 70722 | Ordinary | 100
Isolation Film LLC | 148 Spring Street, FL 4, New York, NY, 10012 | Ordinary | 51

6. Debtors

| 2024 | 2023
|  | (restated)
| £ | £
Trade debtors | 90,759 | 59,303
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 659,911 | 451,784
Other debtors | 7,880 | 8,569
| --------- | ---------
| 758,550 | 519,656
| --------- | ---------

Amounts owed by group undertakings are interest free, unsecured and repayable on demand.
7. Creditors: amounts falling due within one year

| 2024 | 2023
|  | (restated)
| £ | £
Trade creditors | 53,954 | 3,096
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 3,236 | –
Social security and other taxes | 11,954 | –
Other creditors | 95,250 | 45,352
| --------- | --------
| 164,394 | 48,448
| --------- | --------

Amounts owed to group undertakings are interest free, unsecured and repayable on demand.
8. Creditors: amounts falling due after more than one year

| 2024 | 2023
|  | (restated)
| £ | £
Other creditors | – | 7,774
| ---- | -------

9. Prior year comparatives
During the current financial year, management identified that intercompany recharges arising under a mutual service agreement had not been correctly recognised in prior periods. As a result, the prior year comparatives have been restated to reflect the appropriate recognition of recharge income and costs under the terms of the service agreement. The impact at the beginning of the earliest period presented, 1 January 2023, is an increase of £456k to profit and loss reserves, with a corresponding increase in amounts owed by group undertakings. For the comparative year: - Turnover has increased by £173k, with a corresponding increase in amounts owed by group undertakings. - Administrative expenses have decreased by £275k, with a corresponding increase in amounts owed by group undertakings. The combined effect of these adjustments is an increase in net assets of £905k.
10. Other financial commitments
As at 31 December 2024 the company had no other capital commitments or contracts for capital expenditure in place in the period (2023: £nil).
11. Summary audit opinion
The auditor's report dated 20 February 2026 was unqualified .
The senior statutory auditor was Gurvir Cheema , for and on behalf of Moore Kingston Smith LLP .
12. Related party transactions
No related party transactions were undertaken as such that are required to be disclosed under FRS 102 Section 1A.
13. Controlling party
In the opinion of the directors the company was under the joint control of T Styler Sumner and C Rattray , both of whom were directors at the period end.