Company No: 05746994 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	198		263
		198		263
Current assets
Debtors	4	2,825		37,935
Cash at bank and in hand		87,709		87,735
		90,534		125,670
Creditors: amounts falling due within one year	5	( 27,300)		( 27,727)
Net current assets		63,234		97,943
Total assets less current liabilities		63,432		98,206
Creditors: amounts falling due after more than one year	6	( 18,735)		( 23,710)
Provision for liabilities		( 38)		( 66)
Net assets		44,659		74,430
Capital and reserves
Called-up share capital	7	600		600
Profit and loss account		44,059		73,830
Total shareholders' funds		44,659		74,430

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Quicksilver Media Limited (registered number: 05746994) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Jonathon James Horton Director

Eamonn Anthony Matthews Director

23 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Quicksilver Media Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at 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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	6		5

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 March 2025	2,000		2,000
At 28 February 2026	2,000		2,000
Accumulated depreciation
At 01 March 2025	1,737		1,737
Charge for the financial year	65		65
At 28 February 2026	1,802		1,802
Net book value
At 28 February 2026	198		198
At 28 February 2025	263		263

4. Debtors

	2026		2025
	£		£
Trade debtors	1,045		35,488
Other debtors	1,780		2,447
	2,825		37,935

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	6,211		6,211
Trade creditors	570		5,149
Taxation and social security	12,256		9,038
Other creditors	8,263		7,329
	27,300		27,727

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

	2026		2025
	£		£
Bank loans	18,735		23,710

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
400 Ordinary A shares of £ 1.00 each	400		400
200 Ordinary B shares of £ 1.00 each	200		200
	600		600