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Registration number: 04336767

Netmagmedia Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Netmagmedia Limited

Contents

Company Information | 1
Accountants' Report | 2
Statement of Financial Position | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 12

Netmagmedia Limited

Company Information

Directors | S J M Reed S Collyer A E D Parker

Registered office | 163 Herne Hill London SE24 9LR

Accountants | Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Netmagmedia Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Netmagmedia Limited for the year ended 31 May 2025 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Netmagmedia Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Netmagmedia Limited and state those matters that we have agreed to state to the Board of Directors of Netmagmedia Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Netmagmedia Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Netmagmedia Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Netmagmedia Limited. You consider that Netmagmedia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Netmagmedia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

19 February 2026

Netmagmedia Limited

(Registration number: 04336767)
Statement of Financial Position as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 39,027 | 47,103
Tangible assets | 5 | 130,909 | 131,272
|  | 169,936 | 178,375
Current assets |  |  |
Debtors | 6 | 201,370 | 849,326
Cash at bank and in hand |  | 199,584 | 358,619
|  | 400,954 | 1,207,945
Creditors: Amounts falling due within one year | 7 | (157,001) | (218,718)
Net current assets |  | 243,953 | 989,227
Total assets less current liabilities |  | 413,889 | 1,167,602
Creditors: Amounts falling due after more than one year | 7 | (1,667) | (11,667)
Provisions for liabilities |  | (13,149) | (15,783)
Net assets |  | 399,073 | 1,140,152
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 398,973 | 1,140,052
Shareholders' funds |  | 399,073 | 1,140,152

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Netmagmedia Limited

(Registration number: 04336767)
Statement of Financial Position as at 31 May 2025 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 February 2026 and signed on its behalf by:

S J M Reed Director |  |

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
163 Herne Hill
London
SE24 9LR

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

EOT share acquisition and related costs

During the year, the company made contributions to an Employee Ownership Trust (EOT) - Netmagmedia Employee Ownership Trustee Limited - to facilitate the acquisition of shares. Associated transaction costs, including stamp duty, were treated as equity transaction costs and charged directly to retained earnings. The EOT acquired 100% of the issued share capital from the existing shareholders.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and fittings | 20% Reducing balance
Motor vehicles | 25% Reducing balance
Office equipment | 33.33% Reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Database | 33.33% Reducing balance
Web Development | 20% Reducing balance

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 19).

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4 | Intangible assets

| Web Development £ | Database Asset £ | Total £
Cost or valuation
At 1 June 2024 | 66,315 | 153,938 | 220,253
Additions acquired separately | 1,743 | 4,058 | 5,801
At 31 May 2025 | 68,058 | 157,996 | 226,054
Amortisation
At 1 June 2024 | 49,618 | 123,532 | 173,150
Amortisation charge | 3,532 | 10,345 | 13,877
At 31 May 2025 | 53,150 | 133,877 | 187,027
Carrying amount
At 31 May 2025 | 14,908 | 24,119 | 39,027
At 31 May 2024 | 16,697 | 30,406 | 47,103

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 June 2024 | 113,582 | 54,248 | 97,738 | 20,295
Additions | - | - | 758 | 3,995
Disposals | - | - | - | (20,295)
At 31 May 2025 | 113,582 | 54,248 | 98,496 | 3,995
Depreciation
At 1 June 2024 | - | 45,168 | 89,405 | 20,018
Charge for the year | - | 1,816 | 2,940 | 83
Eliminated on disposal | - | - | - | (20,018)
At 31 May 2025 | - | 46,984 | 92,345 | 83
Carrying amount
At 31 May 2025 | 113,582 | 7,264 | 6,151 | 3,912
At 31 May 2024 | 113,582 | 9,080 | 8,333 | 277

| Total £
Cost or valuation
At 1 June 2024 | 285,863
Additions | 4,753
Disposals | (20,295)
At 31 May 2025 | 270,321
Depreciation
At 1 June 2024 | 154,591
Charge for the year | 4,839
Eliminated on disposal | (20,018)
At 31 May 2025 | 139,412
Carrying amount
At 31 May 2025 | 130,909
At 31 May 2024 | 131,272

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5 | Tangible assets (continued)

Included within the net book value of land and buildings above is £113,582 (2024 - £113,582) in respect of freehold land and buildings.

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 185,763 | 208,088
Prepayments | 10,798 | 11,493
Other debtors | 4,809 | 629,745
| 201,370 | 849,326

Netmagmedia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 10,000 | 10,000
Trade creditors |  | 68,912 | 69,129
Taxation and social security |  | 66,290 | 119,734
Accruals and deferred income |  | 9,482 | 17,160
Other creditors |  | 2,317 | 2,695
|  | 157,001 | 218,718

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,667 | 11,667

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,667 | 11,667

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000