ACCOUNTS - Final Accounts preparation

Registered number: 15193125

HEATH PRODUCTIONS LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


HEATH PRODUCTIONS LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


HEATH PRODUCTIONS LTD REGISTERED NUMBER:15193125

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		632,785		-
Current assets
Work in progress		45,241		-
Debtors: amounts falling due within one year	5	12,274		-
Cash at bank and in hand		37,659		95
		95,174		95
Current liabilities
Creditors: amounts falling due within one year	6	(785,459)		(2,929)
Net current liabilities			(690,285)		(2,834)

Net liabilities			(57,500)		(2,834)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(57,501)	(2,835)
		(57,500)	(2,834)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 12 October 2026.

S Baron Cohen

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


HEATH PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Heath Productions Ltd is a private limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the Company during the year was that of motion picture production.

The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependent on the continued support of the parent company. The parent company has confirmed that it will continue to provide the Company with sufficient financial support to enable it to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2


HEATH PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Turnover and deferred income

Turnover comprises licence fees receivable for the exploitation of programme rights, exclusive of VAT. The Company recognises licence fee income when it delivers the programme to the licensee and the licensee accepts it.

Development funding received in advance of delivery forms part of the programme budget. TheCompany holds it within accruals and deferred income. The funding becomes turnover on delivery of the related programme. If the project is abandoned, the Company releases the funding to profit or loss only once no obligation to repay it remains

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.8

Work in progress

Production costs are carried forward under work in progress and are stated at the lower of cost and net realisable value.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are
measured at transaction price.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 3


HEATH PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including the director, during the year was as follows:

	Year ending 31 December	Period ending 31 December
	2025	2024
	No.	No.

Director	1	1

4.	Fixed asset investments

		Listed investments
		£
	Valuation
	Additions	694,720
	Disposals	(72,127)
	Revaluations	10,192
	At 31 December 2025	632,785

Page 4


HEATH PRODUCTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Other debtors	11,936	-
Prepayments and accrued income	338	-
	12,274	-

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

Trade creditors	1,360	120
Amounts owed to group undertakings	-	449
Deferred income	772,099	-
Accruals	12,000	2,360
	785,459	2,929

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1	1	1

8.	Related party transactions
	The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

9.	Controlling party

The Company is a subsidiary of Mountport Limited, a private limited liability company registered in England and Wales, which the director regards as the ultimate parent company. The ultimate controlling party is S Baron Cohen, by virtue of his majority shareholding in Mountport Limited.

Page 5