Company registration number 12096613 (England and Wales)
MMITB PRODUCTION LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
MMITB PRODUCTION LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
MMITB PRODUCTION LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
291,364
233,353
Cash at bank and in hand
9
67,270
291,373
300,623
Creditors: amounts falling due within one year
5
(542,424)
(531,943)
Net current liabilities
(251,051)
(231,320)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(251,052)
(231,321)
Total equity
(251,051)
(231,320)

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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 July 2026 and are signed on its behalf by:
N J Brown
Director
Company registration number 12096613 (England and Wales)
MMITB PRODUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

MMITB Production Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1.08, 50 York Way, London, United Kingdom, N1 9AB.

1.1
Basis of preparation

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. There are limited outgoings and the directors expect the Company to be able to meet its liabilities as they fall due. The financial statements have therefore been prepared on a going concern basis.true

1.3
Revenue

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

1.4
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.

2
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.

MMITB PRODUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
3
Employees

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

2025
2024
Number
Number
Total
2
2
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
18,069
Amounts owed by group undertakings
62,952
-
0
Other debtors
228,412
215,284
291,364
233,353
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
277,191
1,151
Other creditors
265,233
530,792
542,424
531,943

Amounts owed to group undertakings are interest free and repayable on demand.

6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Chirag Sirish Malde FCCA
Statutory Auditor:
Malde & Co
Date of audit report:
28 July 2026
MMITB PRODUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
7
Contingent liabilities

Charges have been made against the company's assets including its right, title and interest in and to the film, in favour of the following entities who have advances funds to finance film production costs: Vice Media LLC and Illium Limited.

8
Related party transactions
Transactions with related parties

The company has taken advantage of the exemption under section 33 of FRS102 and has not disclosed related party transactions with the parent company as a wholly owned subsidiary.

9
Parent company

The immediate parent company is Pulse Films Limited whose registered office is Unit 1.08 50 York Way, London, N1 9AB, England. Their registered number is 05260268. Pulse Films Limited is also the smallest and largest group in which the results of the company are consolidated and publicly available. The Directors of Pulse Films Limited consider the ultimate controlling party to be Fortress Investment Group LLC,1345 Avenue of the Americas, 46th Floor, New York, NY 10105.

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