REGISTERED NUMBER: 14473049 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELEVISION MEDIA UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N Sallam

Mr S Thiru

REGISTERED OFFICE:

Duo

Level 6

280 Bishopsgate

London

EC2M 4RB

REGISTERED NUMBER:

14473049 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

1,257,440

1,414,620

Tangible assets

5

357,704

93,953

1,615,144

1,508,573

CURRENT ASSETS

Debtors

6

452,391

1,277,772

Cash at bank and in hand

103,057

34,002

555,448

1,311,774

CREDITORS

Amounts falling due within one year

7

235,278

191,949

NET CURRENT ASSETS

320,170

1,119,825

TOTAL ASSETS LESS CURRENT LIABILITIES

1,935,314

2,628,398

CAPITAL AND RESERVES

Called up share capital

44,409

44,409

Share premium

3,099,191

3,099,191

Retained earnings

(1,208,286

)

(515,202

)

1,935,314

2,628,398

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 19 September 2025 and were signed on its behalf by:

Mr N Sallam - Director

Mr S Thiru - Director

1.	STATUTORY INFORMATION

Elevision Media UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,571,800

AMORTISATION

At 1 January 2024

157,180

Amortisation for year

157,180

At 31 December 2024

314,360

NET BOOK VALUE

At 31 December 2024

1,257,440

At 31 December 2023

1,414,620

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

-

-

104,412

104,412

Additions

1,498

16,290

294,438

312,226

At 31 December 2024

1,498

16,290

398,850

416,638

DEPRECIATION

At 1 January 2024

-

-

10,459

10,459

Charge for year

50

815

47,610

48,475

At 31 December 2024

50

815

58,069

58,934

NET BOOK VALUE

At 31 December 2024

1,448

15,475

340,781

357,704

At 31 December 2023

-

-

93,953

93,953

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

85,429

5,972

Amounts falling due after more than one year:

Amounts owed by group undertakings

366,962

1,271,800

Aggregate amounts

452,391

1,277,772

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

57,521

6,248

Amounts owed to group undertakings

150,720

175,760

Taxation and social security

21,530

6,406

Other creditors

5,507

3,535

235,278

191,949

8.	RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due after more than one year, is an interest free amount of £366,962 (2023: £1,271,800) due from Elevision UK Holding. This is the holding company of Elevision Media UK Limited and is incorporated in the Cayman Islands. The amount outstandanding represents unpaid share capital.

Included in creditors, amounts falling due within one year, is an interest free amount of £150,720 (2023: £175,760) due to Elevision Media LLC. The companies are connected by virtue of common control and management.