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REGISTERED NUMBER: 07088194 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RADAR ONE MEDIA LIMITED

RADAR ONE MEDIA LIMITED (REGISTERED NUMBER: 07088194)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RADAR ONE MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G E Rogers
R J Hart
M Manessi





REGISTERED OFFICE: 12 Albion Street
Brighton
BN2 9NE





REGISTERED NUMBER: 07088194 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

RADAR ONE MEDIA LIMITED (REGISTERED NUMBER: 07088194)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 9,283 11,407
Tangible assets 4 26,475 34,135
35,758 45,542

CURRENT ASSETS
Debtors 5 557,949 521,645
Cash at bank 41,384 97,402
599,333 619,047
CREDITORS
Amounts falling due within one year 6 51,489 32,350
NET CURRENT ASSETS 547,844 586,697
TOTAL ASSETS LESS CURRENT LIABILITIES 583,602 632,239

PROVISIONS FOR LIABILITIES 934 1,919
NET ASSETS 582,668 630,320

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 582,667 630,319
SHAREHOLDERS' FUNDS 582,668 630,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:





G E Rogers - Director


RADAR ONE MEDIA LIMITED (REGISTERED NUMBER: 07088194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 30 ) .

3. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 21,238
AMORTISATION
At 1 January 2024 9,831
Amortisation for year 2,124
At 31 December 2024 11,955
NET BOOK VALUE
At 31 December 2024 9,283
At 31 December 2023 11,407

RADAR ONE MEDIA LIMITED (REGISTERED NUMBER: 07088194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 37,213 33,490 10,324 81,027
Additions - 408 - 408
At 31 December 2024 37,213 33,898 10,324 81,435
DEPRECIATION
At 1 January 2024 10,752 29,001 7,139 46,892
Charge for year 3,722 2,899 1,447 8,068
At 31 December 2024 14,474 31,900 8,586 54,960
NET BOOK VALUE
At 31 December 2024 22,739 1,998 1,738 26,475
At 31 December 2023 26,461 4,489 3,185 34,135

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 325,165 286,284
Amounts owed by associates 7,704 7,704
Other debtors 957 500
Rent deposit 4,500 4,500
Tax 13,524 13,524
VAT 748 1,544
Prepayments 5,351 7,589
357,949 321,645

Amounts falling due after more than one year:
Amounts owed by associates 200,000 200,000

Aggregate amounts 557,949 521,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,475 10,922
Tax 21,766 -
Other creditors 5,681 3,612
Directors' current accounts 14,847 15,245
Accrued expenses 2,720 2,571
51,489 32,350

7. RELATED PARTY DISCLOSURES

As at 31 December 2024, One Radar Inc owes Radar One Media £7,704 (2023: £7,704). There were no transaction in the year and any outstanding amounts are interest free and repayable on demand.

As at 31 December 2024, Transformative Media owes Radar One Media £200,000 is due after one year (2023: £200,000). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

During the year there was a £32,000 of management charges invoiced from Radar One Media Limited to Transformative Media Limited. As at 31 December 2024, there was a trade debtor balance of £ 5,000 with Transformative Media Limited. All transactions were undertaken on a commercial arms length basis.

RADAR ONE MEDIA LIMITED (REGISTERED NUMBER: 07088194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G E Rogers.

This was by virtue of his 100% holding of the issued share capital.