REGISTERED NUMBER: 12960333 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TRANSFORMATIVE MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J E Noordhuis

G E Rogers

REGISTERED OFFICE:

Freedom Works Office 3.17

Bartholomew House

Bartholomew Square

Brighton

BN1 1JE

REGISTERED NUMBER:

12960333 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

3,225

2,469

3,225

2,469

CURRENT ASSETS

Debtors

5

714,471

281,501

Cash at bank

91,060

15,029

805,531

296,530

CREDITORS

Amounts falling due within one year

6

976,814

470,896

NET CURRENT LIABILITIES

(171,283

)

(174,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(168,058

)

(171,897

)

CREDITORS

Amounts falling due after more than one year

7

200,000

200,000

NET LIABILITIES

(368,058

)

(371,897

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(368,158

)

(371,997

)

(368,058

)

(371,897

)

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

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

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 14 July 2026 and were signed on its behalf by:

Ms J E Noordhuis - Director

G E Rogers - Director

1.	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.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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 three years.

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

-

Straight line over 3 years

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or is there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Taxation

Taxation for the year 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.

Deferred tax

Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

3.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

5,880

AMORTISATION

At 1 January 2025

and 31 December 2025

5,880

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

6,124

Additions

2,996

At 31 December 2025

9,120

DEPRECIATION

At 1 January 2025

3,655

Charge for year

2,240

At 31 December 2025

5,895

NET BOOK VALUE

At 31 December 2025

3,225

At 31 December 2024

2,469

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

457,223

179,524

Other debtors

-

7,454

VAT

-

29,037

Prepayments

257,248

65,486

714,471

281,501

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

241,110

75,635

Social security and other taxes

62,921

76,100

VAT

1,008

-

Other creditors

4,543

727

Directors' current accounts

1,437

1,437

Deferred income

652,076

313,812

Accrued expenses

13,719

3,185

976,814

470,896

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to associates

200,000

200,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr G Rogers maintained his loan of £1,437 (2024: £1,437). This balance is interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year, Transformative Media Limited maintained their loan from Radar One Media Limited of £200,000 (2024: £200,000). This balance is interest free and repayable on demand.

During the year there was a £12,000 (2024: £24,000) management charge invoice from Radar One Media Limited to Transformative Media Limited. As at 31 December 2025, Transformative Media Limited had an outstanding trade creditor balance with Radar One Media Limited of £20,458 (2024: £5,000). The transactions were undertaken on a commercial arms length basis.

10.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.