Company No: 08596273 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

V Wilson

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

08596273 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	27,047		37,133
Investments	4	505,648		0
		532,695		37,133
Current assets
Debtors	5	2,201,785		18,296
Cash at bank and in hand		1,416,266		3,228,123
		3,618,051		3,246,419
Creditors: amounts falling due within one year	6	( 892,957)		( 624,900)
Net current assets		2,725,094		2,621,519
Total assets less current liabilities		3,257,789		2,658,652
Provision for liabilities	7, 8	( 2,180)		0
Net assets		3,255,609		2,658,652
Capital and reserves
Called-up share capital		1		1
Profit and loss account		3,255,608		2,658,651
Total shareholder's funds		3,255,609		2,658,652

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

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Howth Media Limited (registered number: 08596273) were approved and authorised for issue by the Director on 22 April 2026. They were signed on its behalf by:

V Wilson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Howth Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises the fair value of the consideration received or receivable for podcast fees, brand ambassador fees, and TV appearances fees, and is recognised in the period the services are provided. Turnover is shown net of sales/value added tax and rebates.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	4		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 August 2024	89,116		89,116
Additions	13,935		13,935
At 31 July 2025	103,051		103,051
Accumulated depreciation
At 01 August 2024	51,983		51,983
Charge for the financial year	24,021		24,021
At 31 July 2025	76,004		76,004
Net book value
At 31 July 2025	27,047		27,047
At 31 July 2024	37,133		37,133

4. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2024	0		0
Additions	506,989		506,989
Disposals	( 10,000)		( 10,000)
Movement in fair value	8,659		8,659
At 31 July 2025	505,648		505,648
Carrying value at 31 July 2025	505,648		505,648
Carrying value at 31 July 2024	0		0

5. Debtors

	2025		2024
	£		£
Other debtors	2,201,785		18,296

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,600		0
Taxation and social security	281,430		318,900
Other creditors	607,927		306,000
	892,957		624,900

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	2,180		0

	Deferred taxation		Total
	£		£
At 01 August 2024	0		0
Charged to the Profit and Loss Account	2,180		2,180
At 31 July 2025	2,180		2,180

Deferred tax

	2025		2024
	£		£
Other timing differences	2,180		0
Provision for deferred tax	2,180		0

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Profit and Loss Account	( 2,180)		0
At the end of financial year	( 2,180)		0

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Balance brought forward	0		0
Advances/(credits) to the director	2,003,049		539,015
Dividend declared	0		(539,015)
Balance carried forward	2,003,049		0

Loan is interest free and repayable on demand. The loan has been repaid in full by 22 April 2026.