Company registration number 06579645 (England and Wales)
MEDIA POWERHOUSE GROUP LTD.
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
MEDIA POWERHOUSE GROUP LTD.
COMPANY INFORMATION
Directors
Mr M J Breen FFA FIPA
Mr R P Chinchanwala ACA
Mr A J MacDonald
Mr P R Sappal
Secretary
Mr R P Chinchanwala ACA
Company number
06579645
Registered office
Parkbury Estate
Unit 13, Handley Page Way
Colney Street
St Albans
AL2 2DQ
Auditor
RDP Newmans LLP
Lynwood House
373-375 Station Road
Harrow
Middlesex
HA1 2AW
Business address
Parkbury Estate
Unit 13, Handley Page Way
Colney Street
St Albans
AL2 2DQ
MEDIA POWERHOUSE GROUP LTD.
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Group statement of comprehensive income
9
Group balance sheet
10 - 11
Company balance sheet
12
Group statement of changes in equity
13
Company statement of changes in equity
14
Group statement of cash flows
15
Notes to the financial statements
16 - 35
MEDIA POWERHOUSE GROUP LTD.
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025 for the group companies within Media Powerhouse Group Ltd. ("the Group").

Principal activities

The group is comprised of three trading companies which deliver specialist audio-visual equipment and services to the live events industry and for permanent systems integration projects, together with design and large format printing.

Media Powerhouse Limited provides audio-visual equipment and project management for live events, as well as design and project management for permanent audio-visual installations at clients’ premises.

Powerhouse Systems Limited also provides design and project management for the permanent installation of audio-visual equipment at clients’ premises.

The Creative Place Limited provides design and large format printing to a varied client base ranging from exhibitions and live events to businesses at their premises.

Review of the business

The results for the year show an increase in revenue to £15,762,770 (2024: £14,419,595); operating profit was £393,238 (202 4: loss £149,783).

2024 was an unusual and challenging year, shaped by elections worldwide, particularly in the UK and USA, and the resulting uncertainty over economic policy. These conditions continued into 2025, affecting our Systems Integration business as clients remained cautious about capital project decisions.

The strong second-half performance in 2024 in our Live Event Rental business continued throughout 2025, and we finished the year with turnover of £7,849,296 (2024: £5,714,696), representing growth of 37.4%.

Our Staging and Scenery offering in our Live Event Rental division, re-established during 2023, contributed strongly to that growth.

Gross margin is one of our key performance indicators and this increased in Live Event Rentals to £3,166,915 from £2,435,032 in 2024, an uplift of 30.0%. The gross margin percentage fell to 40.4% in 2025 from 42.6% in 2024.

The gross margin percentage reduction is largely due to an increase in cross-hire spend, which is a result of the group's decision to support our clients on projects where we have fewer available specialist assets in our fleet. We believe that supporting clients in this way assists client relationships both now and in the future. The group analyses gross margin performance diligently, and this informs our decisions on capital expenditure for our fleet.

We have also continued to invest in our audio-visual equipment fleet, with a spend in 2025 of £124,448.

As noted above, our Systems Integration business saw a continued cautious approach to capital projects, recording a decrease in turnover from £6,665,181 in 2024 to £5,514,268 in 2025, a reduction of 17.3%. The gross margin achieved in 2025 was £1,989,924, a reduction from £2,101,282 in 2024.

Our design and large format printing division continued to show turnover growth and finished the year with turnover of £2,399,206, an increase of 17.6% from 2024. It showed a decrease in its gross margin percentage from 56.8% to 55.2% and, in monetary terms, delivered £1,324,198, an increase of 14.3% over 2024.

We continued our investment in new printing equipment, with a spend of £165,760.

MEDIA POWERHOUSE GROUP LTD.
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

Following the losses made in 2024, the group has sought to stabilise its workforce, with the average number employed being 78 in 2025 compared with 80 in 2024.

The group continues to take pride in its technical creativity and delivery and, to do this, places importance on design technology to deliver truly innovative solutions to our clients. This is assisted by our research and development tax credit, which is reflected in the accounts.

The business ended 2025 with confidence and has traded successfully so far in 2026. The Board remains confident in the strength and future of the business.

Principal risks and uncertainties

There is an ongoing process for identifying, evaluating and managing the significant risks faced by our business. Risk reviews are undertaken regularly by the respective business areas throughout the year to identify and assess the key risks associated with the achievement of our business objectives.

The principal risks and uncertainties facing Media Powerhouse Group Ltd. are:

Financial instruments

The group's principal financial instruments comprise bank loans and trade payables. The main purpose of these financial instruments is to raise finance for the group's operations. The group has various other financial assets such as trade receivables, cash and short-term deposits which arise directly from its operations.

The main risks arising from the group's financial instruments are credit risk, liquidity risk, foreign currency exposure and interest rate risk. The Board reviews and agrees policies for managing each of these risks and they are summarised below.

Credit risk

The group's credit risk is primarily attributable to its trade receivables. The group operates to ensure that the payment terms of customers are matched to the group's own contractual obligations in terms of delivery of contracted services. Credit risk is assessed in relation to knowledge of the customer or by credit references.

Liquidity risk

The group seeks to manage financial risk to ensure sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably. Some liquidity risk arises from the nature of principal activities, which does not always arise in an even manner, and the group's policy is to forecast its cash needs to ensure there are sufficient cash reserves to meet liabilities during such periods. Short-term flexibility is provided through the availability of an invoice financing facility and bank overdraft facilities.

Currency risk

Whilst the significant majority of the group's activity is undertaken in sterling, the group does operate in overseas markets and is subject to exposures on transactions undertaken during the year. The group's exposure to exchange rate fluctuations is small based on its revenue and cost base.

Interest rate risk

The group finances its operations at present through equity, bank overdraft and working capital. The group manages its exposure to interest rate fluctuations by mixing the duration of its deposits and borrowings to reduce the impact of interest rate fluctuations.

MEDIA POWERHOUSE GROUP LTD.
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Key performance indicators

Year 2025 202 4

£ £

Turnover 15,762,770 1 4,419,595

Gross profit 6,481,037 5,694,975

EBI TDA 815,021 199,272

Profit / (loss) before taxation 175,144 (329,227)

The overall turnover increased by 9.3% in the year due to the increased business within both the Rental Division of Media Powerhouse and the Design and Print within The Creative Place - The Creative Place showed growth of 17.6% in the year, recording turnover of £2,399,206 (2024: £2,039,718).

Overall, the consolidated gross profit % was 41.1% compared to 39.5% in 2024, due to the increase in turnover, along with cost cutting measures implemented in the year.

EBITDA increased to £815,021, an increase of £615,750 from the previous year and net profit increased to £175,144. The group was profit making in 2025 after bouncing back from a challenging 2024, and this growth has continued into financial year 2026.

Developments and performance: Current trading and future prospects

Business confidence in face-to-face meetings remains strong, while the Systems Integration business continues to be influenced by customers’ capital expenditure decisions. The group has achieved growth in the current trading period, reflecting the resilience of the business and the benefits of its continued investment in people and operational capability. These actions leave the group well positioned for future growth.

The group continues to monitor performance and forecasts closely. Confirmed and expected business for the remaining months of the year indicates continued profitability and strong cash generation.

On behalf of the board

Mr M J Breen FFA FIPA
Director
14 July 2026
MEDIA POWERHOUSE GROUP LTD.
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr M J Breen FFA FIPA
Mr R P Chinchanwala ACA
Mr A J MacDonald
Mr P R Sappal
Auditor

The auditor, RDP Newmans LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Matters confirmed in the strategic report

The principal activity, principal risks and uncertainties facing the group and the company, future developments and key financial performance indicators have been considered in the group strategic report.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to groups and companies entitled to the exemptions of the medium-sized companies regime.

On behalf of the board
Mr M J Breen FFA FIPA
Director
14 July 2026
MEDIA POWERHOUSE GROUP LTD.
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MEDIA POWERHOUSE GROUP LTD.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MEDIA POWERHOUSE GROUP LTD.
- 6 -
Opinion

We have audited the financial statements of Media Powerhouse Group Ltd. (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

MEDIA POWERHOUSE GROUP LTD.
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MEDIA POWERHOUSE GROUP LTD.
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group, including the Companies Act 2006, taxation legislation and data protection, anti-bribery and employment, environmental and healthy and safety legislation;

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

MEDIA POWERHOUSE GROUP LTD.
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MEDIA POWERHOUSE GROUP LTD.
- 8 -

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- reviewed and tested journal entries to identify unusual transactions and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- reviewing and agreeing financial statement disclosures and testing to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC and bankers.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Paresh Radia FCA (Senior Statutory Auditor)
For and on behalf of RDP Newmans LLP, Statutory Auditor
Chartered Accountants
Lynwood House
373-375 Station Road
Harrow
Middlesex
HA1 2AW
17 July 2026
MEDIA POWERHOUSE GROUP LTD.
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
15,762,770
14,419,595
Cost of sales
(9,281,733)
(8,724,620)
Gross profit
6,481,037
5,694,975
Administrative expenses
(6,104,238)
(5,896,678)
Other operating income
16,439
51,920
Operating profit/(loss)
4
393,238
(149,783)
Interest receivable and similar income
7
-
0
7
Interest payable and similar expenses
8
(175,596)
(179,451)
Profit/(loss) before taxation
217,642
(329,227)
Tax on profit/(loss)
9
(42,498)
41,810
Profit/(loss) for the financial year
175,144
(287,417)
Profit/(loss) for the financial year is attributable to:
- Owners of the parent company
154,421
(294,804)
- Non-controlling interests
20,723
7,387
175,144
(287,417)
Total comprehensive income for the year is attributable to:
- Owners of the parent company
154,421
(294,804)
- Non-controlling interests
20,723
7,387
175,144
(287,417)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

MEDIA POWERHOUSE GROUP LTD.
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
10
429,638
494,841
Total intangible assets
429,638
494,841
Tangible assets
11
1,835,899
1,938,210
2,265,537
2,433,051
Current assets
Stocks
15
555,314
718,077
Debtors
16
3,000,617
2,672,154
Cash at bank and in hand
528,485
38,221
4,084,416
3,428,452
Creditors: amounts falling due within one year
17
(4,748,647)
(4,323,357)
Net current liabilities
(664,231)
(894,905)
Total assets less current liabilities
1,601,306
1,538,146
Creditors: amounts falling due after more than one year
18
(228,245)
(345,526)
Provisions for liabilities
Provisions
21
30,002
22,001
Deferred tax liability
22
413,153
405,218
(443,155)
(427,219)
Net assets
929,906
765,401
Capital and reserves
Called up share capital
24
1,000
1,000
Revaluation reserve
25
134,563
181,043
Profit and loss reserves
840,693
650,431
Equity attributable to owners of the parent company
976,256
832,474
Non-controlling interests
(46,350)
(67,073)
Total equity
929,906
765,401
MEDIA POWERHOUSE GROUP LTD.
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 11 -

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 14 July 2026 and are signed on its behalf by:
14 July 2026
Mr M J Breen FFA FIPA
Director
Company registration number 06579645 (England and Wales)
MEDIA POWERHOUSE GROUP LTD.
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 12 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
12
165,680
165,680
Current assets
Debtors
16
116,866
117,950
Creditors: amounts falling due within one year
17
(151,024)
(164,108)
Net current liabilities
(34,158)
(46,158)
Net assets
131,522
119,522
Capital and reserves
Called up share capital
24
1,000
1,000
Profit and loss reserves
130,522
118,522
Total equity
131,522
119,522

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £12,000 (2024 - £12,000).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 14 July 2026 and are signed on its behalf by:
14 July 2026
Mr M J Breen FFA FIPA
Director
Company registration number 06579645 (England and Wales)
MEDIA POWERHOUSE GROUP LTD.
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Revaluation reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
£
£
£
£
£
£
Balance at 1 January 2024
1,000
202,406
923,872
1,127,278
(74,460)
1,052,818
Year ended 31 December 2024:
Loss and total comprehensive income
-
-
(294,804)
(294,804)
7,387
(287,417)
Transfers
-
(21,363)
21,363
-
-
-
Balance at 31 December 2024
1,000
181,043
650,431
832,474
(67,073)
765,401
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
154,421
154,421
20,723
175,144
Transfers
-
(35,841)
35,841
-
-
-
Other movements
-
(10,639)
-
(10,639)
-
(10,639)
Balance at 31 December 2025
1,000
134,563
840,693
976,256
(46,350)
929,906
MEDIA POWERHOUSE GROUP LTD.
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
1,000
106,522
107,522
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
12,000
12,000
Balance at 31 December 2024
1,000
118,522
119,522
Year ended 31 December 2025:
Profit and total comprehensive income
-
12,000
12,000
Balance at 31 December 2025
1,000
130,522
131,522
MEDIA POWERHOUSE GROUP LTD.
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
1,159,593
443,289
Interest paid
(175,596)
(179,451)
Income taxes refunded
-
0
150,230
Net cash inflow from operating activities
983,997
414,068
Investing activities
Purchase of intangible assets
-
(127,500)
Purchase of tangible fixed assets
(152,324)
(206,549)
Proceeds from disposal of tangible fixed assets
61,551
-
Interest received
-
0
7
Net cash used in investing activities
(90,773)
(334,042)
Financing activities
Repayment of bank loans
(120,422)
(151,586)
Advances/(deductions) on invoice discounting
219,171
(246,511)
Payment of finance leases obligations
(325,205)
(231,232)
Net cash used in financing activities
(226,456)
(629,329)
Net increase/(decrease) in cash and cash equivalents
666,768
(549,303)
Cash and cash equivalents at beginning of year
(138,283)
411,020
Cash and cash equivalents at end of year
528,485
(138,283)
Relating to:
Cash at bank and in hand
528,485
38,221
Bank overdrafts included in creditors payable within one year
-
(176,504)
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
1
Accounting policies
Company information

Media Powerhouse Group Ltd. (“the company”) is a private company limited by shares domiciled and incorporated in England and Wales. The registered office is Parkbury Estate, Unit 13, Handley Page Way, Colney Street, St Albans, AL2 2DQ.

The group consists of Media Powerhouse Group Ltd. and all of its subsidiaries.

1.1
Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the revaluation of plant and machinery assets and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Media Powerhouse Group Ltd. together with all entities controlled by the parent company (its subsidiaries).

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised a s the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Rental income is recognised net of VAT on an accruals basis in accordance with the relative rental agreements.

1.6
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Research and development tax credits are available for qualifying expenditure, which is recognised in the period that they are incurred.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
1.7
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over length of lease
Plant and equipment
Straight line over 2-12 years
Fixtures and fittings
Straight line over 2-5 years
Computers
Straight line over 2-5 years
Motor vehicles
Straight line over 3-4 years

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 recognised in the profit and loss account.

1.9
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.10
Impairment of fixed assets

At each reporting period end date, the group 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.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -

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 of 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.

1.11
Stocks

Stock comprises of cables, set stock, installation stock and printing stock held for the purposes of the trade which are recorded initially at cost.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.12
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 current liabilities.

1.13
Financial instruments

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

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or 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 subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 21 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

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

1.15
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for 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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are 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 tax 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 affects 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 profits 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 relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is 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.

1.16
Provisions

Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group 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 reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 22 -
1.17
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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 demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.18
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.19
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss 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 d asset are consumed.

1.20
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.21

Invoice discounting

The invoice discounting account is recorded in creditors and is measured at the transaction price.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 23 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Dilapidations provision

Management have included a dilapidations provision in the financial statements for potential dilapidations due at the end of the current leases of property. The dilapidations provision is based on potential amounts to be paid to put the property back to its original condition. Uncertainties in this estimate relate to the actual cost of work that could be required.

Stock provisions

Stock comprises cables, set stock and installation stock which are recorded initially at cost. Stock is valued at the lower of cost and net realisable value. Net realisable value is determined by assessing the estimated useful life, obsolescence and the age of the stock items.

Depreciation rates and estimated economic useful life of tangible fixed assets

Management review the useful economic lives of depreciable assets at each reporting date so as to allocate the costs of assets, less their residual value, over their estimated useful lives. Uncertainties in these estimates relate to the actual life of the tangible fixed assets.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Systems integration and service contracts
5,514,268
6,665,181
Rental
7,849,296
5,714,696
Design and print
2,399,206
2,039,718
15,762,770
14,419,595
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
15,005,939
13,407,172
Europe
78,214
448,739
Rest of world
678,617
563,684
15,762,770
14,419,595
2025
2024
£
£
Other revenue
Interest income
-
7
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
4
Operating profit/(loss)
2025
2024
£
£
Operating profit/(loss) for the year is stated after charging/(crediting):
Exchange losses/(gains)
1,484
(580)
Fees payable to the group's auditor for the audit of the group's financial statements
9,000
9,000
Depreciation of tangible fixed assets
356,580
301,351
(Profit)/loss on disposal of tangible fixed assets
(32,916)
1,500
Amortisation of intangible assets
65,203
47,703
Operating lease charges
405,564
371,904
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
6
6
4
4
Administration
26
10
-
-
Support staff
46
64
-
-
Total
78
80
4
4

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,953,404
3,820,611
218,000
218,000
Social security costs
499,788
418,239
30,142
27,432
Pension costs
74,234
71,988
-
0
-
0
4,527,426
4,310,838
248,142
245,432
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
231,166
231,166
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 0 (2024 - 0).
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Directors' remuneration
(Continued)
- 25 -
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
133,166
133,166
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
-
0
7
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
-
7
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
6,013
12,623
Interest on invoice finance arrangements
92,175
103,924
98,188
116,547
Other finance costs:
Interest on finance leases and hire purchase contracts
62,190
50,355
Other interest
15,218
12,549
Total finance costs
175,596
179,451
9
Taxation
2025
2024
£
£
Current tax
Adjustments in respect of prior periods
-
0
9,618
Other tax reliefs
(45,227)
(63,640)
Total current tax
(45,227)
(54,022)
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
9
Taxation
2025
2024
£
£
(Continued)
- 26 -
Deferred tax
Origination and reversal of timing differences
87,725
12,212
Total tax charge/(credit)
42,498
(41,810)

The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit/(loss) before taxation
217,642
(329,227)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25% (2024: 25%)
54,411
(82,307)
Effects of:
Expenses that are not deductible in determining taxable profit
22,934
18,931
Utilisation of tax losses not previously recognised
(21,375)
(59,701)
Unutilised tax losses carried forward
(58,516)
226,522
Adjustments in respect of prior years
-
0
9,618
Permanent capital allowances in excess of depreciation
2,546
(109,246)
Amortisation on assets not qualifying for tax allowances
-
0
5,801
Research and development tax credit
(45,227)
(63,640)
Deferred tax movement
87,725
12,212
Taxation charge/(credit) in the financial statements
42,498
(41,810)
10
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
653,034
Amortisation and impairment
At 1 January 2025
158,193
Amortisation charged for the year
65,203
At 31 December 2025
223,396
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Intangible fixed assets
(Continued)
- 27 -
Carrying amount
At 31 December 2025
429,638
At 31 December 2024
494,841
The company had no intangible fixed assets at 31 December 2025 or 31 December 2024.
11
Tangible fixed assets
Group
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 January 2025
267,324
5,502,891
118,004
301,657
14,380
6,204,256
Additions
-
0
290,208
875
14,231
-
0
305,314
Disposals
(107,837)
(1,139,187)
(22,571)
(144,948)
(12,100)
(1,426,643)
At 31 December 2025
159,487
4,653,912
96,308
170,940
2,280
5,082,927
Depreciation and impairment
At 1 January 2025
246,991
3,709,963
76,138
219,774
13,180
4,266,046
Depreciation charged in the year
9,398
292,127
19,316
35,739
-
0
356,580
Eliminated in respect of disposals
(107,837)
(1,089,342)
(22,571)
(144,948)
(10,900)
(1,375,598)
At 31 December 2025
148,552
2,912,748
72,883
110,565
2,280
3,247,028
Carrying amount
At 31 December 2025
10,935
1,741,164
23,425
60,375
-
0
1,835,899
At 31 December 2024
20,333
1,792,928
41,866
81,883
1,200
1,938,210
The company had no tangible fixed assets at 31 December 2025 or 31 December 2024.

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Plant and equipment
677,673
845,234
-
0
-
0

The fair value of the plant and machinery ha s been arrived at on the basis of a valuation carried out at 31 December 2025 by the directors.

The revaluation surplus is disclosed in note 25.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Tangible fixed assets
(Continued)
- 28 -

If the assets above were measured using the cost model, the carrying amounts would be as follows:

2025
2024
£
£
Group
Cost
2,903,385
3,940,243
Accumulated depreciation
(2,415,008)
(3,331,423)
Carrying value
488,377
608,820
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
165,680
165,680
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
165,680
Carrying amount
At 31 December 2025
165,680
At 31 December 2024
165,680
13
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Media Powerhouse Limited
Parkbury Estate, Unit 13 Handley Page Way, Colney Street, St Albans, AL2 2DQ
Ordinary
100.00
Powerhouse Systems Limited
As above
Ordinary
100.00
The Creative Place Limited
As above
Ordinary
80.00
Powerhouse Media Ltd
As above
Ordinary
100.00
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 29 -
14
Financial instruments
Group
Company
2025
2024
2025
2024
£
£
£
£
Carrying amount of financial assets include:
Debt instruments measured at amortised cost
2,330,696
1,885,714
n/a
n/a
Carrying amount of financial liabilities include:
Measured at amortised cost
4,364,063
4,301,751
n/a
n/a
15
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
555,314
718,077
-
0
-
0

Stock is stated after provision for impairment of £191,169 (2024: £91,987).

16
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,954,921
1,571,787
-
0
-
0
Corporation tax recoverable
186,060
218,175
-
0
-
0
Amounts owed by group undertakings
-
0
-
0
116,866
117,950
Other debtors
322,114
183,372
-
0
-
0
Prepayments and accrued income
218,344
299,852
-
0
-
0
2,681,439
2,273,186
116,866
117,950
Deferred tax asset (note 22)
153,805
136,275
-
0
-
0
2,835,244
2,409,461
116,866
117,950
Amounts falling due after more than one year:
Deferred tax asset (note 22)
165,373
262,693
-
0
-
0
Total debtors
3,000,617
2,672,154
116,866
117,950

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
17
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
19
1,109,306
1,174,780
-
0
-
0
Obligations under finance leases
20
205,710
326,925
-
0
-
0
Trade creditors
1,523,154
1,464,029
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
142,009
155,092
Other taxation and social security
612,829
367,132
8,785
9,015
Other creditors
78,549
241,509
-
0
-
0
Accruals and deferred income
1,219,099
748,982
230
1
4,748,647
4,323,357
151,024
164,108

Included within bank loans and overdrafts are invoice discounting accounts totalling £1,096,548 (2024: £877,377) that have been secured by fixed charges on all assets of the group and by an aggregate personal guarantee from Mr R Chinchanwala and Mr M Breen of £50,000 (2024: £50,000).

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

18
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
19
-
0
12,281
-
0
-
0
Obligations under finance leases
20
228,245
279,245
-
0
-
0
Other creditors
-
0
54,000
-
0
-
0
228,245
345,526
-
-
19
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
1,109,306
1,010,557
-
0
-
0
Bank overdrafts
-
0
176,504
-
0
-
0
1,109,306
1,187,061
-
-
Payable within one year
1,109,306
1,174,780
-
0
-
0
Payable after one year
-
0
12,281
-
0
-
0
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
19
Loans and overdrafts
(Continued)
- 31 -

Bank loans amounting to £12,758 (2024: £133,180) have been secured by way of a fixed and floating charge over various assets of the company. The loans mature between 2025 and 2026, with a variable interest rate of 4.1% above the Bank of England base rate.

Included within creditors with respect to finance leases for which security has been given against the relevant assets amounted to £433,955 (2024: £606,169).

20
Finance lease obligations
Group
Company
2025
2024
2025
2024
Amounts due:
£
£
£
£
Current liabilities
205,710
326,925
-
0
-
0
Non-current liabilities
228,245
279,245
-
0
-
0
433,955
606,170
-
-
Group
Company
2025
2024
2025
2024
Future minimum lease payments due:
£
£
£
£
Within one year
205,710
326,925
-
0
-
0
In two to five years
228,245
279,245
-
0
-
0
433,955
606,170
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

21
Provisions for liabilities
Group
Company
2025
2024
2025
2024
£
£
£
£
Dilapidations provision
30,002
22,001
-
-
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
21
Provisions for liabilities
(Continued)
- 32 -
Movements on provisions:
Dilapidations provision
Group
£
At 1 January 2025
22,001
Additional provisions in the year
8,001
At 31 December 2025
30,002

Dilapidations costs will arise when the company is released from its rent lease obligations and a provision for this has been provided.

22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Group
£
£
£
£
Accelerated capital allowances
413,153
405,218
-
-
Tax losses
-
-
319,178
398,968
413,153
405,218
319,178
398,968
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
6,250
-
Charge to profit or loss
87,725
-
Liability at 31 December 2025
93,975
-

Included within deferred tax asset is £165,373 (2024: £262,693), which relates to deferred tax asset greater than one year.

23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
74,234
71,988
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
23
Retirement benefit schemes
(Continued)
- 33 -

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The outstanding contributions at the reporting date are £19,876 (2024: £17,537).

24
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
25
Revaluation reserve

The revaluation reserve relates to fair value movements on plant and machinery of Media Powerhouse Limited.

Other movements represent the reversal of previously recognised fair value gains on plant and machinery disposed of by Media Powerhouse Limited.

26
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
326,431
322,033
10,643
11,134
Between two and five years
116,141
729,198
6,209
17,629
442,572
1,051,231
16,852
28,763
MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 34 -
27
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Group
Other related parties
546,567
234,956
112,968
14,782
Company
Entities over which the company has control, joint control or significant influence
44,803
44,314
-
-
Management charges
Other expenses
2025
2024
2025
2024
£
£
£
£
Group
Other related parties
156,000
146,000
120,546
119,768

The following amounts were outstanding at the reporting end date:

Amounts due to related parties
2025
2024
£
£
Group
Other related parties
206,328
281,895

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Company
Entities over which the company has control, joint control or significant influence
89,764
44,314
Other information

Other related parties include transactions and balances with companies with common shareholdings with Media Powerhouse Group Ltd and close family members of key management personnel.

No disclosure has been made of the company's transactions with other wholly owned group companies in accordance with FRS 102 Section 33.paragraph 33.1A.

28
Controlling party

There is no ultimate controlling party.

MEDIA POWERHOUSE GROUP LTD.
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 35 -
29
Cash generated from group operations
2025
2024
£
£
Profit/(loss) after taxation
175,144
(287,417)
Adjustments for:
Taxation charged/(credited)
42,498
(41,810)
Finance costs
175,596
179,451
Investment income
-
0
(7)
Non-operating income treated as investing activity
(15,606)
(47,372)
(Gain)/loss on disposal of tangible fixed assets
(32,916)
1,500
Amortisation and impairment of intangible assets
65,203
47,703
Depreciation and impairment of tangible fixed assets
356,580
301,351
Increase in provisions
8,001
8,001
Movements in working capital:
Decrease/(increase) in stocks
162,763
(53,020)
(Increase)/decrease in debtors
(428,598)
905,973
Increase/(decrease) in creditors
650,928
(571,064)
Cash generated from operations
1,159,593
443,289
30
Analysis of changes in net debt - group
1 January 2025
Cash flows
New leases
31 December 2025
£
£
£
£
Cash at bank and in hand
38,221
490,264
-
528,485
Bank overdrafts
(176,504)
176,504
-
-
0
(138,283)
666,768
-
528,485
Borrowings excluding overdrafts
(1,010,557)
(98,749)
-
(1,109,306)
Payment of finance leases obligations
(606,170)
325,205
(152,990)
(433,955)
(1,755,010)
893,224
(152,990)
(1,014,776)
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