ACCOUNTS - Final Accounts preparation

Company registration number: 12487745

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	JIVA MAYA LIMITED


JIVA MAYA LIMITED REGISTERED NUMBER:12487745

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025


	2025	2024
Note	£	£


Current assets
Stocks	3	920,017		902,346
Debtors: amounts falling due within one year	4	2,358		219,787
Cash at bank and in hand	5	41,875		120,240
		964,250		1,242,373
Creditors: amounts falling due within one year	6	(1,059,111)		(1,313,685)
Net current liabilities			(94,861)		(71,312)
Total assets less current liabilities			(94,861)		(71,312)

Net liabilities			(94,861)		(71,312)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(94,961)	(71,412)
	(94,861)	(71,312)

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 income and retained earnings 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 by:

A Sankaran

Director

Date: 23 October 2026

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

Page 1


JIVA MAYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Jiva Maya Limited is a private company, limited by shares, registered in England and Wales, with company registration number 12487745. The registered office is 4th Floor, 95 Gresham Street, London, United Kingdom, EC2V 7AB.

The comparative accounting period covers a 15 month period from October 2023 to December 2024. As such, they are not fully comparable with the current twelve month period.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

As at the year end, the Company has net liabilities of £94,861 (2024: £71,312). The Company is dependent on the continued financial support of its ultimate parent undertaking, The Religion of Sports Media Incorporated (“ROS Inc”). ROS Inc has confirmed its intention to provide such financial support as required for a period of at least twelve months from the date of approval of these financial statements.

In assessing ROS Inc's ability to provide this support, the directors have considered its financial position, forecasts, cash resources and other liquidity commitments over the assessment period. Having considered these matters, the directors have a reasonable expectation that ROS Inc has the intention and ability to continue providing financial support to the Company for the next twelve months. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

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


JIVA MAYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated from television and film production and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

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.

2.6

Stocks

Stocks are made up of production costs incurred as part of film and TV projects. Stocks are stated at the lower of cost and net realisable value. Stock is released on a 1:1 basis to income recognised unless it can be identified that a project is anticipated to exceed its production costs.

Where there are indicators of impairment, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to the expected return. The impairment loss is recognised immediately in profit or loss.

3.	Stocks

		2025	2024
		£	£

Production costs	920,017	902,346
	920,017	902,346

Page 3


JIVA MAYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors


					2025	2024
					£	£


Trade debtors	-	90,815
Other debtors	1,138	155
Prepayments and accrued income	1,220	128,817
	2,358	219,787

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	41,875	120,240
	41,875	120,240

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

Production loan	850,497	1,113,494
Trade creditors	6,264	-
Amounts owed to group undertakings	173,375	173,375
Other creditors	150	-
Accruals and deferred income	28,825	26,816
	1,059,111	1,313,685

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

7.	Controlling party

The parent of the smallest group for which consolidated financial statements are drawn up is The Religion of Sports Media Incorporated, a company registered in California, United States of America. The registered office of The Religion of Sports Media Incorporated is 12910 Culver Blvd, Suite J, Los Angeles, CA, 90066, United States of America.

Page 4


JIVA MAYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Auditor's information

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

The audit report was signed on 29 October 2026 by Andrew Wooding FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 5