Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11397870 Mr Toby Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11397870 2023-12-31 11397870 2024-12-31 11397870 2024-01-01 2024-12-31 11397870 frs-core:CurrentFinancialInstruments 2024-12-31 11397870 frs-core:Non-currentFinancialInstruments 2024-12-31 11397870 frs-core:ComputerEquipment 2024-12-31 11397870 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11397870 frs-core:ComputerEquipment 2023-12-31 11397870 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11397870 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11397870 frs-core:OtherResidualIntangibleAssets 2024-12-31 11397870 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 11397870 frs-core:OtherResidualIntangibleAssets 2023-12-31 11397870 frs-core:PlantMachinery 2024-01-01 2024-12-31 11397870 frs-core:SharePremium 2024-12-31 11397870 frs-core:ShareCapital 2024-12-31 11397870 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11397870 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11397870 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11397870 frs-bus:SmallEntities 2024-01-01 2024-12-31 11397870 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11397870 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11397870 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11397870 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11397870 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11397870 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11397870 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11397870 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11397870 frs-bus:Director1 2024-01-01 2024-12-31 11397870 frs-countries:EnglandWales 2024-01-01 2024-12-31 11397870 2022-12-31 11397870 2023-12-31 11397870 2023-01-01 2023-12-31 11397870 frs-core:CurrentFinancialInstruments 2023-12-31 11397870 frs-core:Non-currentFinancialInstruments 2023-12-31 11397870 frs-core:SharePremium 2023-12-31 11397870 frs-core:ShareCapital 2023-12-31 11397870 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11397870
Wonderborn Media Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11397870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 983,775
Tangible Assets 5 1,826 3,165
Investments 6 369,097 369,097
370,923 1,356,037
CURRENT ASSETS
Debtors 7 2,008,450 1,136,817
Cash at bank and in hand - 1,373
2,008,450 1,138,190
Creditors: Amounts Falling Due Within One Year 8 (1,656,463 ) (1,785,645 )
NET CURRENT ASSETS (LIABILITIES) 351,987 (647,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 722,910 708,582
Creditors: Amounts Falling Due After More Than One Year 9 (999,025 ) (1,039,855 )
NET LIABILITIES (276,115 ) (331,273 )
CAPITAL AND RESERVES
Called up share capital 10 13 13
Share premium account 1,584,997 1,584,997
Profit and Loss Account (1,861,125 ) (1,916,283 )
SHAREHOLDERS' FUNDS (276,115) (331,273)
Page 1
Page 2
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 Toby Hughes
Director
26/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wonderborn Media Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11397870 . The registered office is Level 2, Spectrum Building, Bond Street, Bristol, BS1 3LG.

During the year the company changed its name from Wonderborn Studios Ltd to Wonderborn Media Group Ltd.
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.
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
Revenue from subscriptions is recognised on a straight-line basis over the period to which the subscription relates. Amounts invoiced in advance of the service period are recorded as deferred income within creditors. Income is therefore matched to the period in which the related services are provided, irrespective of the timing of invoicing or cash receipts. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a combination of capitalised development activity and media content. It is amortised to profit and loss account over its estimated economic life of between 3 and 5 years.
2.4. 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 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 25%-33% straight line
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.
Page 3
Page 4
2.7. Group Reorganisations
Where the company acquires or sells assets and liabilities from/to another group undertaking as part of a group reorganisation, the transaction is accounted for using book values. The assets and liabilities are recognised/disposed at the carrying values at the point of transfer.  No gain or loss arises in the disposing company and no goodwill arises in the acquiring company. 
3. Average Number of Employees
The Company continuned to employ staff during the year whose cost was entirely recharged to subsidiary companies. The average number of employees with contracts of employment with the company,  including directors, during the year was: 6 (2023: 7)
6 7
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 1,565,271
Disposals (1,565,271 )
As at 31 December 2024 -
Amortisation
As at 1 January 2024 581,496
Disposals (581,496 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 983,775
On 1 January 2024 the intangible assets of the Company were transferred to its wholly owned subsidiary Raise Up Faith Ltd.  No profit or loss arose. 
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 12,491
As at 31 December 2024 12,491
Depreciation
As at 1 January 2024 9,326
Provided during the period 1,339
As at 31 December 2024 10,665
Net Book Value
As at 31 December 2024 1,826
As at 1 January 2024 3,165
Page 4
Page 5
6. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 369,097
As at 31 December 2024 369,097
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 369,097
As at 1 January 2024 369,097
Investments are recognised at original cost less accumulated impairment losses. 
Unless stated investments comprise 100% of the shares in the following UK subsidiary undertakings;
  • Wonderborn Distribution Ltd
  • Passitons Productions Ltd (90.5% holding)
  • God Rocks Ltd
  • Wonderborn Ventures Ltd
  • Three Arrows Media Ltd
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,888 4,230
Other debtors - 12,390
Amounts owed by subsidiaries 2,005,562 1,120,197
2,008,450 1,136,817
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,978 90,458
Bank loans and overdrafts 117,284 99,009
Other taxes and social security 897 10,607
VAT 18,216 4,820
Other creditors 900,000 831,372
Accruals and deferred income 251,476 212,596
Director's loan account 323,329 260,479
Amounts owed to subsidiaries 43,283 276,304
1,656,463 1,785,645
Included within accruals is £43,013 owed to a director in respect of unpaid loan interest. Further details are given in the related party note. 
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,025 74,855
Other creditors 700,000 700,000
Directors loan account 265,000 265,000
999,025 1,039,855
Included within long-term creditors is a loan of £265,000 (2023: £265,000) due to a director. Further details are given in the related party note. All amounts falling due after more than one year are repayable within five years of the balance sheet date. There are no creditors repayable after more than five years.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 13 13
11. Related Party Transactions
At the balance sheet date the company owed £631,342 (2023: £552,592) to Toby Hughes, a director of the company. The maximum amount outstanding during the year was £631,342 (2023: £552,592). 
A long term loan of £265,000 bears interest at 6% per annum and is repayable between 2 and 5 years from the balance sheet date.  All other loans and and balances are unsecured, interest free, and repayable on demand. 
Page 6