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REGISTERED NUMBER: 12960333 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TRANSFORMATIVE MEDIA LTD

TRANSFORMATIVE MEDIA LTD (REGISTERED NUMBER: 12960333)

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


TRANSFORMATIVE MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Ms J E Noordhuis
G E Rogers





REGISTERED OFFICE: 12 Albion Street
Brighton
East Sussex
BN2 9NE





REGISTERED NUMBER: 12960333 (England and Wales)





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

TRANSFORMATIVE MEDIA LTD (REGISTERED NUMBER: 12960333)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - 60
Tangible assets 4 2,469 3,024
Investments 5 - -
2,469 3,084

CURRENT ASSETS
Debtors 6 281,501 470,719
Cash at bank 15,029 27,472
296,530 498,191
CREDITORS
Amounts falling due within one year 7 470,896 602,273
NET CURRENT LIABILITIES (174,366 ) (104,082 )
TOTAL ASSETS LESS CURRENT LIABILITIES (171,897 ) (100,998 )

CREDITORS
Amounts falling due after more than one year 8 200,000 200,000
NET LIABILITIES (371,897 ) (300,998 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (371,997 ) (301,098 )
(371,897 ) (300,998 )

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:




Ms J E Noordhuis - Director



G E Rogers - Director


TRANSFORMATIVE MEDIA LTD (REGISTERED NUMBER: 12960333)

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 three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or is there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

TRANSFORMATIVE MEDIA LTD (REGISTERED NUMBER: 12960333)

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


3. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 5,880
AMORTISATION
At 1 January 2024 5,820
Amortisation for year 60
At 31 December 2024 5,880
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 60

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 4,934
Additions 1,190
At 31 December 2024 6,124
DEPRECIATION
At 1 January 2024 1,910
Charge for year 1,745
At 31 December 2024 3,655
NET BOOK VALUE
At 31 December 2024 2,469
At 31 December 2023 3,024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 40,000
Disposals (40,000 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,524 319,650
Amounts owed by associates - 360
Other debtors 7,454 -
Directors' current accounts - 35
VAT 29,037 -
Prepayments 65,486 150,674
281,501 470,719

TRANSFORMATIVE MEDIA LTD (REGISTERED NUMBER: 12960333)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 75,635 195,515
Social security and other taxes 76,100 15,912
VAT - 20,544
Other creditors 727 2,411
Directors' current accounts 1,437 1,437
Accruals and deferred income 313,812 363,498
Accrued expenses 3,185 2,956
470,896 602,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 200,000 200,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Ms J E Noordhuis
Balance outstanding at start of year 35 35
Amounts repaid (35 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 35

These balances represented the maximum amounts outstanding during the year and the loans are interest free and repayable on demand.

During the year, Mr G Rogers maintained his loan of £1,437, (2023: £1,437). This balance is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, Transformative Media Limited maintained their loan from Radar One Media Limited of £200,000 (2023: £200,000). This balance is interest free and repayable on demand.

During the year there was a £24,000 (2023: £13,500) management charge invoice from Radar One Media Limited to Transformative Media Limited. As at 31 December 2024, Transformative Media Limited had an outstanding trade creditor balance with Radar One Media Limited of £5,000 (2023: £49,125). The transactions were undertaken on a commercial arms length basis.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G E Rogers.

This was by virtue of his 65% holding of the issued share capital.