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REGISTERED NUMBER: 04094507 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |

| FOR |

| LIQUID NEW MEDIA LIMITED |

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LIQUID NEW MEDIA LIMITED

COMPANY INFORMATION

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

| DIRECTORS: | Mr C McKeefery

| Mrs N Albano

| REGISTERED OFFICE: | Granville Hall

| Granville Road

| Leicester

| Leicestershire

| LE1 7RU

| REGISTERED NUMBER: | 04094507 (England and Wales)

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

BALANCE SHEET

30 OCTOBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 37,406 |  | 32,246 |  |

Tangible assets | 5 | 3,352 |  | 4,506 |  |

Investments | 6 | 5,744,629 |  | 5,943,668 |  |

5,785,387 |  | 5,980,420 |  |

CURRENT ASSETS

Debtors | 7 | 14,383,219 |  | 13,256,198 |  |

Cash at bank | 32,015,656 |  | 40,988,101 |  |

46,398,875 |  | 54,244,299 |  |

CREDITORS

Amounts falling due within one year | 8 | 26,642 |  | 5,937,453 |  |

NET CURRENT ASSETS | 46,372,233 |  | 48,306,846 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 52,157,620 |  | 54,287,266 |  |

PROVISIONS FOR LIABILITIES | 9 | 10,189 |  | 9,188 |  |

NET ASSETS | 52,147,431 |  | 54,278,078 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 52,147,331 |  | 54,277,978 |  |

52,147,431 |  | 54,278,078 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 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.

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

BALANCE SHEET - continued

30 OCTOBER 2024

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 22 August 2025 and were signed on its behalf by:

Mr C McKeefery - Director

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

1. | STATUTORY INFORMATION

| Liquid New Media 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Liquid New Media Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| 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 ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the period 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.

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

2. | ACCOUNTING POLICIES - continued

| 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 period 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 4 (2023 - 1 ) .

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 November 2023 | 32,561 |  |

| Additions | 9,265 |  |

| At 30 October 2024 | 41,826 |  |

| AMORTISATION

| At 1 November 2023 | 315 |  |

| Charge for period | 4,105 |  |

| At 30 October 2024 | 4,420 |  |

| NET BOOK VALUE

| At 30 October 2024 | 37,406 |  |

| At 31 October 2023 | 32,246 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 November 2023 | 5,166 |  | 116,229 |  | 121,395 |  |

| Additions | 760 |  | - |  | 760 |  |

| At 30 October 2024 | 5,926 |  | 116,229 |  | 122,155 |  |

| DEPRECIATION

| At 1 November 2023 | 660 |  | 116,229 |  | 116,889 |  |

| Charge for period | 1,914 |  | - |  | 1,914 |  |

| At 30 October 2024 | 2,574 |  | 116,229 |  | 118,803 |  |

| NET BOOK VALUE

| At 30 October 2024 | 3,352 |  | - |  | 3,352 |  |

| At 31 October 2023 | 4,506 |  | - |  | 4,506 |  |

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 November 2023

| and 30 October 2024 | 89,610 |  |

| DEPRECIATION

| At 1 November 2023

| and 30 October 2024 | 89,610 |  |

| NET BOOK VALUE

| At 30 October 2024 | - |  |

| At 31 October 2023 | - |  |

6. | FIXED ASSET INVESTMENTS

| Shares in |

| group |  | Other |

| undertakings |  | investments |  | Totals

£ | £ | £ |

| COST

| At 1 November 2023 | - |  | 5,943,668 |  | 5,943,668 |  |

| Additions | 146,513 |  | - |  | 146,513 |  |

| Exchange differences | - |  | (345,552 | ) | (345,552 | ) |

| At 30 October 2024 | 146,513 |  | 5,598,116 |  | 5,744,629 |  |

| NET BOOK VALUE

| At 30 October 2024 | 146,513 |  | 5,598,116 |  | 5,744,629 |  |

| At 31 October 2023 | - |  | 5,943,668 |  | 5,943,668 |  |

7. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Amounts owed by group undertakings | 31,262 |  | - |  |

| Other debtors | 5,051,145 |  | 3,381,280 |  |

5,082,407 |  | 3,381,280 |  |

LIQUID NEW MEDIA LIMITED (REGISTERED NUMBER: 04094507)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024

7. | DEBTORS - continued

2024 | 2023 |

£ | £ |

| Amounts falling due after more than one year:

| Other debtors | 9,300,812 |  | 9,874,918 |  |

| Aggregate amounts | 14,383,219 |  | 13,256,198 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 379 |  | 31,744 |  |

| Trade creditors | (532 | ) | 540 |  |

| Taxation and social security | 4,510 |  | 2,909 |  |

| Other creditors | 22,285 |  | 5,902,260 |  |

26,642 |  | 5,937,453 |  |

9. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred taxation | 10,189 |  | 9,188 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2023 | 9,188 |  |

| Movement | 1,001 |  |

| Balance at 30 October 2024 | 10,189 |  |

10. | RELATED PARTY DISCLOSURES

| There is an amount included within other debtors of £3,678,675 (2023: £2,715,059) which is owed to the company from April Springs Limited, a company in which Mr C McKeefery is director and shareholder.

| The amount owed by the director at the year ended 31st October 2024 was £1,260,799 (2023: to the director £5,889,471).