ACCOUNTS - Final Accounts

Registered number: 09737945

TIN ROOF MEDIA PRODUCTIONS LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

TIN ROOF MEDIA PRODUCTIONS LTD

COMPANY INFORMATION

Directors	M T Fleming
	U Streib


Registered number	09737945


Registered office	46 Bloomsbury Street
	London
	WC1B 3QJ


Independent auditors	Ecovis Wingrave Yeats LLP
	Chartered Accountants & Statutory Auditors
	3rd Floor, Waverley House
	7-12 Noel Street
	London
	W1F 8GQ

TIN ROOF MEDIA PRODUCTIONS LTD

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 10

TIN ROOF MEDIA PRODUCTIONS LTD

REGISTERED NUMBER: 09737945

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£000		£000

Fixed assets
Tangible assets	5		-		8
			-		8
Current assets
Debtors: amounts falling due within one year	6	-		308
Cash at bank and in hand		-		210
		-		518
Creditors: amounts falling due within one year	7	(985)		(1,575)
Net current liabilities			(985)		(1,057)
Total assets less current liabilities			(985)		(1,049)

Net liabilities			(985)		(1,049)

Capital and reserves
Called up share capital	8	-	-
Profit and loss account	9	(985)	(1,049)
		(985)	(1,049)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2026.

M T Fleming

Director

The notes on pages 2 to 10 form part of these financial statements.

Page 1

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Tin Roof Media Productions Ltd is a private company limited by shares incorporated in England and Wales, registration number 09737945. The registered office is 46 Bloomsbury Street, London, WC1B 3QJ.

The principal activity of the Company during the year was that of the provision of TV production and distribution services.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 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 amounts in these financial statements are rounded to the nearest £1,000.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2

Going concern

The Company has a profit for the year of £64,000 (2024 – £7,000) with net liabilities of £985,000 (2024 – £1,049,000). When excluding amounts owed to group undertakings this reduces to net liabilities of £234,000 (2024 - net assets of £128,000), and the Group has confirmed that it will not seek repayment of these amounts until such time that the Company has funds available to do so. The directors are satisfied that the Company is able to meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements, and therefore consider it appropriate that these financial statements be prepared on the going concern basis.

Page 2

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Turnover

Revenue is recognised when it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable from customers, net of trade discounts, VAT and other sales related taxes.

Production revenue comprises broadcaster license fees and other pre-sales receivables for work carried out in producing television programmes.

To the extent that they meet the requirements of FRS102 certain customer-specific production contracts are reported using the percentage-of-completion method.

In this method, revenues and gains on customer-specific contracts are recognised based on the stage of completion of the respective project concerned. The percentage of completion is calculated as the ratio of the contract costs incurred up until the end of the year to the total estimated project costs (cost-to-cost method). Irrespective of the extent to which a project has been completed, losses resulting from customer-specific contracts are immediately recognised in full in the year in which the loss is identified. Gross profit on production activity is recognised over the year of the production.

Overspends on productions are recognised as they arise and underspends are recognised on completion of the productions.

Distribution revenue includes sums receivable from all exploitation of programmes in which the Company owns rights and is recognised when all the following criteria have been met:

i) an agreement has been executed by both parties

ii) the programme is available for delivery; and

iii) the arrangements are fixed and determinable.

Revenue from the exploitation of programme rights is recognised when receivable. The associated costs are recognised in cost of sales at the same point.

2.4

Production costs

In most cases, when the Company is commissioned to make a programme by a broadcaster, the broadcaster pays a licence fee for the programme in their own territory and the Company retains the right to exploit the programme elsewhere.

2.5

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised to write off the cost of assets less their residual values over their useful lives on the following bases:

				Leasehold improvements	-	10%	straight line
				Office equipment	-	20%	reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Page 3

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Impairment of fixed assets

At each reporting end date, the Company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11, 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised 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.

Basic financial assets

Basic financial assets, which include trade and other receivables 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired when there is objective evidence that, because of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Page 4

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 Group after deducting all its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest.

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

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the Company's contractual obligations are discharged, cancelled, or they expire.

2.8

Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

Page 5

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Taxation

The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to the profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity.

Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.

Current tax is based on taxable profit for the year. Taxable profit differs from total comprehensive income because it includes items of income or expense that are taxable or deductible in other periods. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which

timing differences are expected to reverse, based on tax rates and laws that have been enacted or

substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted

basis.

Page 6

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Useful economic life and impairment of tangible fixed assets

Fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Deferred tax asset

The Company and Group have not recorded a deferred tax asset relating to the accumulated losses and other deductions of the Company as there is uncertainty as to when future profits will arise within the Company and the Group.

Revenue recognition

Management continually assess the projected total costs of each production. On the basis of these estimated, revenue is recognised. Where productions are in progress at the period end and where billing exceeds the value of the work done, the excess is classified as deferred income. Where billing is less than the value of work done, the excess is classified as accrued income.

Creative tax credit estimate

The key accounting estimate within these financial statements relates to the value of the high-end television tax credit. The estimate is based on the assessment of the value of qualifying expenditure in accordance with HMRC legislation and guidance and those expenditures eligible for the tax relief.

Employees

The average monthly number of employees during the year was 0 (2024 - 1).

Page 7

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Tangible fixed assets

	Short-term leasehold property	Office equipment	Total
	£000	£000	£000
Cost or valuation
At 1 January 2025	8	48	56
Disposals	(8)	(48)	(56)
At 31 December 2025	-	-	-
Depreciation
At 1 January 2025	5	43	48
Charge for the year on owned assets	1	1	2
Disposals	(6)	(44)	(50)
At 31 December 2025	-	-	-
Net book value
At 31 December 2025	-	-	-
At 31 December 2024	3	5	8

6.	Debtors due within one year

					2025	2024
					£000	£000


Trade debtors	-	2
Tax recoverable	-	215
Prepayments and accrued income	-	91
	-	308

Page 8

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£000	£000

Trade creditors	-	107
Amounts owed to group undertakings	751	1,177
Other taxation and social security	19	19
Accruals and deferred income	215	272
	985	1,575

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

8.	Share capital
		2025	2024
		£000	£000

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £0.01	-	-

Ordinary share rights

The Company's ordinary shares have attached to them voting, dividend, and capital distribution (including on winding up) rights but do not confer any rights of redemption.

Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

10.	Securities

TB Loans (CBILS) Limited held a fixed and floating charge over all assets, property and undertaking of the Company in respect of a loan agreement entered into by the Company's parent. The charge was satisfied on 9 January 2025.

11.	Related party transactions
	The Company has taken advantage of the exemptions provided by Section 33 of the FRS 102 'Related Party Disclosures' and has not disclosed transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transactions is wholly owned by a member of that group.

Page 9

TIN ROOF MEDIA PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	Controlling party

The Company is a subsidiary of Tin Roof Media Limited, a company registered in England & Wales.

13.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 1 September 2026 by Kate Barekati (Senior Statutory Auditor) on behalf of Ecovis Wingrave Yeats LLP.

Page 10