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Registered number: 08814601
Tvbeat Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Red Fish Accountancy Ltd
Tvbeat Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Tvbeat Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08814601
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,989 8,855
Investments 5 18 18
4,007 8,873
CURRENT ASSETS
Debtors 6 818,054 848,503
Cash at bank and in hand 1,804,181 1,121,608
2,622,235 1,970,111
Creditors: Amounts Falling Due Within One Year 7 (859,088 ) (1,080,013 )
NET CURRENT ASSETS (LIABILITIES) 1,763,147 890,098
TOTAL ASSETS LESS CURRENT LIABILITIES 1,767,154 898,971
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (997 ) -
NET ASSETS 1,766,157 898,971
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,766,156 898,970
SHAREHOLDERS' FUNDS 1,766,157 898,971
Page 1
Page 2
Tvbeat Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Farazin
Director
22/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Tvbeat Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Tvbeat Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08814601 . The registered office is Episode 1, 4th Floor, 112 - 116 New Oxford Street, London, WC1A 1HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company is a parent company and is entitled to exemption from the requirement to prepare consolidated financial statements by virtue of section 398 of the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Over 3 years
2.4. Financial Instruments
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet 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 debtors 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Page 3
Page 4
Tvbeat Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 7)
4 7
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 29,178
Additions 2,150
Disposals (1,333 )
As at 31 December 2024 29,995
...CONTINUED
Page 4
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Tvbeat Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
Depreciation
As at 1 January 2024 20,323
Provided during the period 6,350
Disposals (667 )
As at 31 December 2024 26,006
Net Book Value
As at 31 December 2024 3,989
As at 1 January 2024 8,855
5. Investments
Other
£
Cost or Valuation
As at 1 January 2024 18
As at 31 December 2024 18
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 18
As at 1 January 2024 18
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 572,071 743,428
Prepayments and accrued income 5,228 3,360
Other debtors 122,310 -
Amounts owed by group undertakings 118,445 101,715
818,054 848,503
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 148,453 191,212
Other taxes and social security 9,630 12,681
VAT 151,600 62,094
Other creditors 130,630 272,707
Accruals and deferred income 339,446 541,319
Amounts owed to group undertakings 79,329 -
859,088 1,080,013
Page 5
Page 6
Tvbeat Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 997 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
The company was charged £235,301 (2023 £408,255) by its subsidiary, TVBeat JDOO, a company registered in Croatia. At the end of the year the company was owed £118,445 (2023 £77,658) by TVBeat JDOO.

The company charged £506,500 (2023 £709,300) to its parent company TVBeat Inc. At the end of the year the company owed 79,329 to (2023 owed £24,057 by) TVBeat Inc.
The company was charged £601,767 (2023 £0) by its parent company TVBeat Inc.
These loans are interest free with no set repayment terms.
11. Ultimate Controlling Party
The ultimate controlling party is TVbeat Inc., a company incorporated in the United States of America at 3500 South DuPont Highway, Dover, County of Kent, Delaware 19901, USA.
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