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REGISTERED NUMBER: 11975884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

NOISER LTD

| NOISER LTD (REGISTERED NUMBER: 11975884) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| NOISER LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | P Hughes

| K A Hughes

| REGISTERED OFFICE: | 71-75 Shelton Street

| Covent Garden

| London

| London

| WC2H 9JQ

| REGISTERED NUMBER: | 11975884 (England and Wales)

| ACCOUNTANTS: | Thompson Taraz Rand Ltd

| Chartered Accountants

| 10 Jesus Lane

| Cambridge

| Cambridgeshire

| CB5 8BA

| NOISER LTD (REGISTERED NUMBER: 11975884) |

BALANCE SHEET

31 MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 269 |  | 1,053 |  |

Tangible assets | 6 | 21,496 |  | 26,071 |  |

21,765 |  | 27,124 |  |

CURRENT ASSETS

Debtors | 7 | 478,738 |  | 408,992 |  |

Cash and cash equivalents | 896,659 |  | 360,816 |  |

1,375,397 |  | 769,808 |  |

CREDITORS

Amounts falling due within one year | 8 | (400,641 | ) | (258,096 | ) |

NET CURRENT ASSETS | 974,756 |  | 511,712 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 996,521 |  | 538,836 |  |

PROVISIONS FOR LIABILITIES | 9 | (5,534 | ) | (6,946 | ) |

NET ASSETS | 990,987 |  | 531,890 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1 |  | 1 |  |

Share premium | 75,000 |  | 75,000 |  |

Retained earnings | 915,986 |  | 456,889 |  |

SHAREHOLDERS' FUNDS | 990,987 |  | 531,890 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

| NOISER LTD (REGISTERED NUMBER: 11975884) |

BALANCE SHEET - continued

31 MAY 2025

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

P Hughes - Director

| NOISER LTD (REGISTERED NUMBER: 11975884) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Noiser Ltd 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Revenue comprises amounts receivable for the provision of podcast recording, editing, publishing and related services, excluding VAT.

| Revenue from production and publishing services is recognised over time as the services are delivered to the customer. Where services span reporting periods, revenue is recognised based on the stage of completion, reflecting the proportion of contractual work performed to the reporting date.

| Where amounts are invoiced in advance of service delivery, the income is deferred and recognised as a liability (“income in advance”) until the related services have been provided.

| Revenue from ad-hoc or one-off services is recognised at the point in time when the service is delivered and the company has fulfilled its performance obligations.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of 3 years.

| Financial instruments

| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

| NOISER LTD (REGISTERED NUMBER: 11975884) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| 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.

| Tangible fixed assets

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

| Computer Equipment - 3 years straight line

| Fixtures and Fittings - 3 years straight line

| Motor Vehicle - 25% reducing balance

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2024 - 25 ) .

| NOISER LTD (REGISTERED NUMBER: 11975884) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 2,352 |  |

| AMORTISATION

| At 1 June 2024 | 1,299 |  |

| Charge for year | 784 |  |

| At 31 May 2025 | 2,083 |  |

| NET BOOK VALUE

| At 31 May 2025 | 269 |  |

| At 31 May 2024 | 1,053 |  |

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 June 2024 | 44,942 |  |

| Additions | 4,577 |  |

| At 31 May 2025 | 49,519 |  |

| DEPRECIATION

| At 1 June 2024 | 18,871 |  |

| Charge for year | 9,152 |  |

| At 31 May 2025 | 28,023 |  |

| NET BOOK VALUE

| At 31 May 2025 | 21,496 |  |

| At 31 May 2024 | 26,071 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 138,444 |  | 174,489 |  |

| Other debtors | 340,294 |  | 234,503 |  |

478,738 |  | 408,992 |  |

| NOISER LTD (REGISTERED NUMBER: 11975884) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 42,991 |  | 32,218 |  |

| Taxation and social security | 275,937 |  | 173,416 |  |

| Other creditors | 81,713 |  | 52,462 |  |

400,641 |  | 258,096 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 5,534 |  | 6,946 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 6,946 |  |

| Provided during year | (1,412 | ) |

| Balance at 31 May 2025 | 5,534 |  |

10. | CALLED UP SHARE CAPITAL

| Ordinary Class |  | Nominal Value |  | 2025 (£ | ) | 2024 (£ | ) |

| Ordinary |  | £0.001 |  | 0.00 |  | 1.075 |  |

| Ordinary A |  | £0.001 |  | 0.551 |  | 0.000 |  |

| Ordinary B |  | £0.001 |  | 0.449 |  | 0.000 |  |

| Ordinary C |  | £0.001 |  | 0.025 |  | 0.000 |  |

| Ordinary D |  | £0.001 |  | 0.005 |  | 0.000 |  |

| Total |  |  | 1.075 |  | 1.075 |  |

| During the year Ordinary shares of £0.001 were re-designated into A, B, C and D shares of £0.001 each.

11. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £65,750 were paid to the directors .

| At the balance sheet date, the company owed the directors £55,001 (2024: £1,311) which is disclosed within other creditors. This amount bears no interest and is repayable on demand.

12. | ULTIMATE CONTROLLING PARTY

| The controlling party is P Hughes.

| NOISER LTD (REGISTERED NUMBER: 11975884) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

13. | DEFERRED INCOME

| Included within other creditors is deferred income of £14,996 (2024: £16,842).

| This relates to amounts invoiced in advance for podcast production and publishing services which will be recognised as revenue when the related services are delivered.

14. | SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| Significant Judgements

| Revenue recognition

| Judgement is required in determining the point at which revenue from production and publishing services is recognised, particularly where services span multiple reporting periods. Revenue is recognised over time based on the stage of completion.

| Assessment of amounts invoiced in advance

| Judgement is applied in assessing whether income invoiced ahead of service delivery should be recognised as a liability until performance obligations have been met.

| Key Sources of Estimation Uncertainty

| Deferred income (income in advance)

| The amount of income deferred requires estimation of the extent to which year-end invoices relate to services still outstanding. The deferred income balance at year end totals £14,996 (2024: £16,842).

| Useful economic lives of tangible and intangible assets

| Depreciation and amortisation charges depend on estimating the expected useful lives and residual values of assets. Actual useful lives may differ, which could lead to changes in future charges.

| Deferred tax

| Deferred tax balances require estimation of future taxable profits and the timing of the reversal of temporary differences. A deferred tax asset/liability of £5,534 is recognised at the year end.