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REGISTERED NUMBER: 06889568 (England and Wales)

Sheer Media Limited

Unaudited Financial Statements

for the Year Ended 30 April 2026

Sheer Media Limited (Registered number: 06889568)

Contents of the Financial Statements

for the Year Ended 30 April 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Sheer Media Limited

Company Information

for the Year Ended 30 April 2026

| DIRECTOR: | Ms L J Wilkinson

| REGISTERED OFFICE: | 16 Repton Road

| Ellesmere Port

| Cheshire

| CH65 5DJ

| REGISTERED NUMBER: | 06889568 (England and Wales)

| ACCOUNTANTS: | Henry R. Davis & Co. Limited

| Chartered Accountants

| Mechanics House,

| 12 Chester Road,

| Pentre, Deeside

| Flintshire

| CH5 2AA

Sheer Media Limited (Registered number: 06889568)

Balance Sheet

30 April 2026

| 30.4.26 | 30.4.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 13,199 |  | 10,054 |  |

13,199 |  | 10,054 |  |

CURRENT ASSETS

Debtors | 6 | 35,331 |  | 90,952 |  |

Cash at bank | 263,399 |  | 180,423 |  |

298,730 |  | 271,375 |  |

CREDITORS

Amounts falling due within one year | 7 | 101,180 |  | 85,962 |  |

NET CURRENT ASSETS | 197,550 |  | 185,413 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 210,749 |  | 195,467 |  |

PROVISIONS FOR LIABILITIES | 2,508 |  | 1,910 |  |

NET ASSETS | 208,241 |  | 193,557 |  |

CAPITAL AND RESERVES

Called up share capital | 104 |  | 104 |  |

Retained earnings | 208,137 |  | 193,453 |  |

208,241 |  | 193,557 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sheer Media Limited (Registered number: 06889568)

Balance Sheet - continued

30 April 2026

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2026 and were signed by:

Ms L J Wilkinson - Director

Sheer Media Limited (Registered number: 06889568)

Notes to the Financial Statements

for the Year Ended 30 April 2026

1. | STATUTORY INFORMATION

| Sheer Media Limited 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. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies are set out below.

| Turnover

| Turnover represents net invoiced sales of services, excluding VAT, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of one years.

| 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.

| Tangible fixed assets

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

| Land and buildings | - | Over 20 years

| Plant and machinery etc | - | 25% on cost and 20% on cost

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

Sheer Media Limited (Registered number: 06889568)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2026

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

| Financial Instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basis Financial Assets

| Basis financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

| Classification of Financial Liabilities

| 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.

| Basic Financial Liabilities

| Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

| Taxation

| The tax expenses represents the sum of the tax currently payable and deferred tax.

| Current Tax

| The tax currently payable is based on taxable profit in the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company' liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Sheer Media Limited (Registered number: 06889568)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tac liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affect neither the tax profit nor the accounting profit.

| The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it related to items charged or credited directly to equity, in which case the deferred tac is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

| Leases

| Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

| Employee benefits

| The cost of short-term employee benefits are recognised as a liability and an expense.

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value f money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Sheer Media Limited (Registered number: 06889568)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2026

2. | ACCOUNTING POLICIES - continued

| Cash at bank and in hand

| Cash at bank and in hand are basic financial assets and include cash in hand, deposits 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 current liabilities.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2025 - 12 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2025

| and 30 April 2026 | 33,150 |  |

| AMORTISATION

| At 1 May 2025

| and 30 April 2026 | 33,150 |  |

| NET BOOK VALUE

| At 30 April 2026 | - |  |

| At 30 April 2025 | - |  |

Sheer Media Limited (Registered number: 06889568)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2026

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 May 2025 | 8,423 |  | 113,436 |  | 121,859 |  |

| Additions | - |  | 10,494 |  | 10,494 |  |

| Disposals | - |  | (764 | ) | (764 | ) |

| At 30 April 2026 | 8,423 |  | 123,166 |  | 131,589 |  |

| DEPRECIATION

| At 1 May 2025 | 4,102 |  | 107,703 |  | 111,805 |  |

| Charge for year | 421 |  | 6,546 |  | 6,967 |  |

| Eliminated on disposal | - |  | (382 | ) | (382 | ) |

| At 30 April 2026 | 4,523 |  | 113,867 |  | 118,390 |  |

| NET BOOK VALUE

| At 30 April 2026 | 3,900 |  | 9,299 |  | 13,199 |  |

| At 30 April 2025 | 4,321 |  | 5,733 |  | 10,054 |  |

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

| 30.4.26 |  | 30.4.25

£ | £ |

| Trade debtors | 32,519 |  | 22,585 |  |

| Other debtors | 2,812 |  | 68,367 |  |

35,331 |  | 90,952 |  |

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

| 30.4.26 |  | 30.4.25

£ | £ |

| Trade creditors | 12,902 |  | 13,208 |  |

| Taxation and social security | 59,078 |  | 44,753 |  |

| Other creditors | 29,200 |  | 28,001 |  |

101,180 |  | 85,962 |  |