ACCOUNTS - Final Accounts preparation

Registered number: 06792964

AIRRADIO LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2025

AIRRADIO LIMITED

REGISTERED NUMBER: 06792964

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£000		£000


Investments	4		-		-
			-		-
Current assets
Debtors: amounts falling due within one year	5	104		108
Cash at bank and in hand	6	591		584
		695		692
Creditors: amounts falling due within one year	7	(240)		(240)
Total assets less current liabilities			455		452

Net assets			455		452

Capital and reserves
Called up share capital	8	20	20
Profit and loss account	9	435	432
		455	452

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Williams

Director

Date: 20 July 2026

The notes on pages 3 to 7 form part of these financial statements.

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AIRRADIO LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Profit and loss account	Total equity
	£000	£000	£000
At 1 November 2023	20	357	377
Comprehensive income for the year
Profit for the year	-	75	75

At 1 November 2024	20	432	452
Comprehensive income for the year
Profit for the year	-	3	3
At 31 October 2025	20	435	455

The notes on pages 3 to 7 form part of these financial statements.

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AIRRADIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

AirRadio Limited is a private limited company, limited by shares and incorporated in England and Wales, United Kingdom. The address of the registered office is Field House, Uttoxeter Old Road, Derby, DE1 1NH. The company's registration number is 06792964.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are prepared in Sterling which is the functional currency of the Company and are rounded to the nearest thousand pounds.

The Company is itself a subsidiary company and is exempt from the requirement to prepare consolidated accounts by virtue of section 400 of the Companies Act 2006. These financial statements therefore present information about the Company as an individual undertaking and not about the group of which it is a part. The parent for which group accounts are prepared is TTG Global Solutions Group Limited.

The following principal accounting policies have been applied:

2.2

Going concern

The Company is part of the TTG Global Solutions Group Limited group. The Company and Group have procedures in place for reviewing future performance including budgeted and forecast trading and profitability. These forecasts include reasonable assumptions and predictions over trading; they take a prudent view of the costs of the business.

Overall the Group saw revenues of £15.8m in 2024/25 and trading profit before tax of £0.2m. The Group has seen strong trading results during the start of 2025-26 and with a healthy pipeline and new product offerings coming online, we therefore expect steady turnover growth in the coming years, which should drive the profitability of the business. In addition, the Group has cash resources and banking facilities in place to enable it to continue in operational existence for the 12 months from the signing of these accounts. The Group, like most other trading groups, is exposed to fluctuations in trading and the need to continually win and deliver new contracts on a profitable basis to new and existing customers to ensure it's continued success and survival. The Directors believe that their forecasts give a reasonable expectation to assume that the Group will have adequate resources to continue in existence for the 12 months from the signing of these accounts.

Taking the matters above into account, and having reviewed these forecasts, for the 12 months from the date of this report, and as a result of that review, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the 12 months from the signing of the financial statements. Accordingly, the going concern basis of preparation has been adopted in the financial statements.

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AIRRADIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.4

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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AIRRADIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to/from related parties and investments in ordinary shares.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.11

Equity instruments

Equity instruments are measured at 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.

Employees

The Company had no employees during the year (2024 - none) other than the directors.

4.	Fixed asset investments

		Investments in subsidiary companies
		£000

	At 1 November 2024 and 31 October 2025	-

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Principal activity	Holding

Simoco Wireless Solutions Limited

Field House, Uttoxeter Old Road, Derby, DE1 1NH

Holding company

100%

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AIRRADIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Debtors

					2025	2024
					£000	£000


Amounts owed by group undertakings	-	3
Other debtors	104	105
	104	108

Other debtors includes £39,000 (2024 - £42,000) amounts owed by group management which are unsecured, with an interest rate of 5% and are repayable on demand.

Amounts owed by group undertakings are non-interest bearing, unsecured and repayable on demand.

6.	Cash and cash equivalents
		2025	2024
		£000	£000

Cash at bank and in hand	591	584
	591	584

7.	Creditors: Amounts falling due within one year
		2025	2024
		£000	£000

Amounts owed to group undertakings	240	240
	240	240

Amounts owed to group undertakings are non-interest bearing, unsecured and repayable on demand.

8.	Share capital
		2025	2024
		£	£

Authorised, allotted, called up and fully paid

20,155 (2024 - 20,155) Ordinary shares of £1.00 each	20,155	20,155

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AIRRADIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Reserves

Profit and loss account

The profit and loss reserves represents cumulative profits or losses, net of dividends paid and other adjustments.

10.	Contingent liabilities

The Company has entered into an unlimited cross-party bank guarantee between itself and certain of its fellow subsidiary companies. The resultant guarantee amounts to £1,830,000 at the balance sheet date (2024 - £1,500,000) and is secured against the assets of the Group.

The Company is also a member of a VAT group. and as such is jointly and severally liable for the amount of VAT owed by Simoco EMEA Limited and Simoco Wireless Solutions Limited, at the balance sheet date the contingent liability was £76,000 (2024 - £101,000).

11.	Controlling party

The immediate parent undertaking is TTG Global Solutions Limited which is registered in England and Wales. The ultimate parent company is TTG Global Solutions Group Limited. The Company's registered office is at Field House, Uttoxeter Old Road, Derby, DE1 1NH.

The smallest and largest group in which the results of the company are consolidated is that headed by TTG Global Solutions Group Limited, which is the only entity that prepares consolidated financial statements. The consolidated financial statements of TTG Global Solutions Group Limited are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. The directors consider that there is no ultimate controlling party.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2025 was unqualified.

The audit report was signed on 20 July 2026 by Richard Haydon (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.

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