REGISTERED NUMBER: 09680953 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Full Fat Television Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Foster

V Wallace

REGISTERED OFFICE:

Foyagh

Chapel Lane Exfords Green

Longden

Shrewsbury

SY5 8HG

REGISTERED NUMBER:

09680953 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

2,218

4,034

CURRENT ASSETS

Inventories

5

397,641

955,027

Debtors

6

76,450

436,902

Cash at bank

751,823

310,688

1,225,914

1,702,617

CREDITORS

Amounts falling due within one year

7

1,016,587

1,250,213

NET CURRENT ASSETS

209,327

452,404

TOTAL ASSETS LESS CURRENT LIABILITIES

211,545

456,438

CREDITORS

Amounts falling due after more than one year

8

1,000,000

1,000,000

NET LIABILITIES

(788,455

)

(543,562

)

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

9

500,000

500,000

Retained earnings

9

(1,288,456

)

(1,043,563

)

SHAREHOLDERS' FUNDS

(788,455

)

(543,562

)

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 30 September 2025 and were signed on its behalf by:

C Foster - Director

1.	STATUTORY INFORMATION

Full Fat Television 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue is recognised to the extent it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably. Production revenue recognised is determined by reference to production costs incurred to date as a percentage of total expected costs. Overspends are recognised as soon as they arise and anticipated underspends are recognised on the completion of the programme.

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

-

33% on cost

Computer equipment

-

33% on cost

Work in progress

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

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.

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.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 21 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,087

38,112

39,199

DEPRECIATION

At 1 January 2024

1,087

34,078

35,165

Charge for year

-

1,816

1,816

At 31 December 2024

1,087

35,894

36,981

NET BOOK VALUE

At 31 December 2024

-

2,218

2,218

At 31 December 2023

-

4,034

4,034

5.	INVENTORIES

31.12.24

31.12.23

£

£

Work-in-progress

397,641

955,027

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

31,013

26,989

Other debtors

18,740

7,174

Prepayments and accrued income

26,697

402,739

76,450

436,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

69,489

114,055

Social security and other taxes

15,750

14,717

VAT

260,049

94,974

Other creditors

24,667

1,768

Accruals and deferred income

646,632

1,024,699

1,016,587

1,250,213

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts payable to related

parties

1,000,000

1,000,000

1,000,000

1,000,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

(1,043,563

)

500,000

(543,563

)

Deficit for the year

(244,893

)

(244,893

)

At 31 December 2024

(1,288,456

)

500,000

(788,456

)

10.	RELATED PARTY DISCLOSURES

During the period ended 31 December 2016, the company received an interest-free loan of £1,000,000 from a participating interest.

The loan is secured by a fixed and floating charge over the assets of the company recognised in the financial statements at its transaction value.

The carrying amount of the loan at 31 December 2024 is £1,000,000 (2023: £1,000,000). No interest has been charged or accrued during the year.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Foster.