Company No: 05247974 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	250,031		29,333
		250,031		29,333
Current assets
Stocks	5	0		16,926
Debtors	6	666,748		1,043,556
Cash at bank and in hand		832,244		373,247
		1,498,992		1,433,729
Creditors: amounts falling due within one year	7, 10	( 735,545)		( 1,030,338)
Net current assets		763,447		403,391
Total assets less current liabilities		1,013,478		432,724
Creditors: amounts falling due after more than one year	8	( 179,009)		0
Provision for liabilities		( 3,468)		( 6,012)
Net assets		831,001		426,712
Capital and reserves
Called-up share capital		2		2
Capital redemption reserve		2		2
Profit and loss account		830,997		426,708
Total shareholder's funds		831,001		426,712

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

Directors' 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 directors acknowledge 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 HALO MEDIA COMMUNICATIONS LIMITED (registered number: 05247974) were approved and authorised for issue by the Board of Directors on 03 July 2026. They were signed on its behalf by:

P D Edmonds 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

HALO MEDIA COMMUNICATIONS 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 470 Bath Road, Bristol, BS4 3AP, 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Leasehold improvements	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance
Other property, plant and equipment	5 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

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 directors	32		33

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2024	100,000		100,000
At 31 October 2025	100,000		100,000
Accumulated amortisation
At 01 November 2024	100,000		100,000
At 31 October 2025	100,000		100,000
Net book value
At 31 October 2025	0		0
At 31 October 2024	0		0

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 November 2024	31,604		30,740		56,697		0		119,041
Additions	12,065		0		3,534		227,135		242,734
Disposals	( 30,058)		( 16,599)		( 7,603)		0		( 54,260)
At 31 October 2025	13,611		14,141		52,628		227,135		307,515
Accumulated depreciation
At 01 November 2024	26,311		25,440		37,957		0		89,708
Charge for the financial year	2,019		1,321		4,975		7,571		15,886
Disposals	( 26,346)		( 14,802)		( 6,962)		0		( 48,110)
At 31 October 2025	1,984		11,959		35,970		7,571		57,484
Net book value
At 31 October 2025	11,627		2,182		16,658		219,564		250,031
At 31 October 2024	5,293		5,300		18,740		0		29,333

Other property, plant and equipment includes a right-of-use asset. Please see note 10.

5. Stocks

	2025		2024
	£		£
Work in progress	0		16,926

6. Debtors

	2025		2024
	£		£
Trade debtors	655,591		964,010
Other debtors	11,157		79,546
	666,748		1,043,556

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	35,980		52,512
Amounts owed to Group undertakings	93,226		354,538
Taxation and social security	274,944		197,039
Obligations under finance leases and hire purchase contracts	40,378		0
Other creditors	291,017		426,249
	735,545		1,030,338

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	179,009		0

9. Related party transactions

Other related party transactions

The company is a wholly owned subsidiary of Louder than Love Limited, and as such has taken advantage of the exemption permitted by section 33 of 'FRS102 'Related Party Disclosures', not to provide disclosure of transactions entered into with other wholly owned members of the group.

10. Leases

Company as a lessee

The Company has one lease contract for office space.

Carrying amounts of right-of-use assets recognised and movements:

	2025		2024
	£		£
As at 1 November	0		0
Additions	227,135		0
Depreciation expense	(7,571)		0
As at 31 October	219,564		0

Right-of-use assets are included in other property, plant and equipment within tangible assets.

Carrying amounts of lease liabilities and movements:

	2025		2024
	£		£
As at 1 November	0		0
Additions	225,785		0
Interest expense	2,768		0
Payment and total cash outflows	(9,167)		0
As at 31 October	219,386		0

Split as:

	2025		2024
	£		£
Current liabilities	40,377		0
Non-current liabilties	179,009		0

11. Ultimate controlling party

Parent Company:

Louder than Love Limited

470 Bath Road, Bristol, England, BS4 3AP