442oons Limited - Limited company accounts 25.1

REGISTERED NUMBER: 09271537 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

442oons Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Other Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

7

Notes to the Financial Statements

8

DIRECTOR:

J C Delgado Vesga

REGISTERED OFFICE:

175 8th Floor

Unit 8.01

High Holborn

London

WC1V 7AA

REGISTERED NUMBER:

09271537 (England and Wales)

ACCOUNTANTS:

Jonathan Ford & Co Limited

Chartered Accountants

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

The director presents his report with the financial statements of the company for the year ended 31 July 2025.

DIRECTORS

The directors who have held office during the period from 1 August 2024 to the date of this report are as follows:

D Stobbart - resigned 5 April 2025

Mrs C Stobbart - resigned 5 April 2025

J C Delgado Vesga - appointed 15 April 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J C Delgado Vesga - Director

28 July 2026

TURNOVER

4

264,825

299,383

Cost of sales

505

569

GROSS PROFIT

264,320

298,814

Administrative expenses

203,042

290,164

OPERATING PROFIT

61,278

8,650

Profit/loss on sale of tang fa

7

(16,799

)

-

Profit/loss on sale of invest

7

14,819

-

59,298

8,650

Income from participating interests

(1,479

)

-

Income from fixed asset investments

-

394

Interest receivable and similar income

8

12,754

24,510

11,275

24,904

PROFIT BEFORE TAXATION

9

70,573

33,554

Tax on profit

10

(5,311

)

(32,349

)

PROFIT FOR THE FINANCIAL
YEAR

75,884

65,903

PROFIT FOR THE YEAR

75,884

65,903

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE
INCOME FOR THE YEAR

75,884

65,903

FIXED ASSETS

Tangible assets

12

207

29,966

Investments

13

(1,478

)

540,094

(1,271

)

570,060

CURRENT ASSETS

Debtors

14

533,060

29,928

Prepayments and accrued income

324

44,641

Cash at bank

169,168

18,051

702,552

92,620

CREDITORS

Amounts falling due within one year

15

9,032

9,473

NET CURRENT ASSETS

693,520

83,147

TOTAL ASSETS LESS CURRENT
LIABILITIES

692,249

653,207

PROVISIONS FOR LIABILITIES

16

40

1,895

NET ASSETS

692,209

651,312

CAPITAL AND RESERVES

Called up share capital

17

100

Retained earnings

18

692,109

651,212

SHAREHOLDERS' FUNDS

692,209

651,312

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 28 July 2026 and were signed by:

J C Delgado Vesga - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 August 2023

100

749,855

749,955

Changes in equity

Dividends

-

(164,546

)

(164,546

)

Total comprehensive income

-

65,903

Balance at 31 July 2024

100

651,212

651,312

Changes in equity

Dividends

-

(34,987

)

(34,987

)

Total comprehensive income

-

75,884

Balance at 31 July 2025

100

692,109

692,209

1.	STATUTORY INFORMATION

442oons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The director has assessed the future cash flows of the company and have concluded that the company will continue as a going concern. The director does not anticipate any future scenarios in which the company becomes insolvent.

Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

•

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

•

the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m),
B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

•

the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and
Discontinued Operations;

•

the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral
Resources;

•

the requirements of IFRS 7 Financial Instruments: Disclosures;

•

the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

•

the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90,
91 and 93 of IFRS 16 Leases;

the requirements of paragraph 58 of IFRS 16;

•

the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115,
118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

•

the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present
comparative information in respect of:

-

paragraphs 53(a), (h) and (j) of IFRS 16;

-

paragraph 79(a)(iv) of IAS 1;

-

paragraph 73(e) of IAS 16 Property, Plant and Equipment;

-

paragraph 118(e) of IAS 38 Intangible Assets;

-

paragraphs 76 and 79(d) of IAS 40 Investment Property; and

-

paragraph 50 of IAS 41 Agriculture;

•

the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D,
111 and 134 to 136 of IAS 1;

•

the requirements of

-

paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

-

paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

•

the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in
Accounting Estimates and Errors;

•

the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

•

the requirements of paragraph 74(b) of IAS 16;

•

the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

•

the requirements in IAS 24 Related Party Disclosures to disclose related party transactions
entered into between two or more members of a group;

•

the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36
Impairments of Assets.

Turnover and revenue recognition

Turnover represents net share of social media platform revenue, net of value added tax.

Platform revenue share is recognised in the period the animations accrue their associated share of platform revenue.

Tangible fixed assets

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

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefit costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION

(i) Impairment of fixed assets

The directors exercise judgement by considering the age and condition of tangible fixed assets when determining if impairment is required.

(ii) Impairment of investment

The directors exercise judgement in determining if investments need to be impaired. Factors considered include market conditions and reports provided by the company's broker.

4.

TURNOVER

The company derives its turnover from one activity performed in the UK. The company's main sources of income are derived from multi-national social media platforms, such as YouTube, Facebook and TiKTok

5.	EMPLOYEES AND DIRECTORS

31.7.25

31.7.24

£

Wages and salaries

129,922

173,784

Social security costs

13,376

11,279

Other pension costs

2,895

3,867

146,193

188,930

The average number of employees during the year was as follows:

31.7.25

31.7.24

Directors

2

Production staff

3

4

5

6

6.	DIRECTORS' EMOLUMENTS

31.7.25

31.7.24

£

Directors' remuneration

12,128

18,192

7.	EXCEPTIONAL ITEMS

31.7.25

31.7.24

£

Profit/loss on sale of tang fa

(16,799

)

-

Profit/loss on sale of invest

14,819

-

(1,980

)

-

8.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.7.25

31.7.24

£

Deposit account interest

12,754

24,510

9.	PROFIT BEFORE TAXATION

The profit before taxation is stated after charging:

31.7.25

31.7.24

£

Cost of inventories recognised as expense

505

569

Depreciation - owned assets

775

14,980

Foreign exchange differences

288

-

10.

TAXATION

Analysis of tax income

31.7.25

31.7.24

£

Current tax:

Tax

(3,456

)

(29,504

)

Deferred tax

(1,855

)

(2,845

)

Total tax income in income statement

(5,311

)

(32,349

)

Factors affecting the tax expense

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.7.25

31.7.24

£

Profit before income tax

70,573

33,554

Profit multiplied by the standard rate of corporation tax in the
UK of 25% (2024 - 25%)

17,643

8,389

Effects of:

Expenses not tax deductible

953

448

Depreciation in excess of capital allowances

3,241

3,745

Unutilised capital losses

495

-

Animation tax credit

(25,788

)

(42,086

)

Deferred tax

(1,855

)

(2,845

)

Tax income

(5,311

)

(32,349

)

11.

DIVIDENDS

Dividends amounting to £34,987 (2024: £164,546) were paid during the year.

12.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 August 2024

22,806

90,207

22,337

135,350

Disposals

(22,806

)

(90,207

)

-

(113,013

)

At 31 July 2025

-

22,337

DEPRECIATION

At 1 August 2024

11,303

72,726

21,355

105,384

Charge for year

-

775

Eliminated on disposal

(11,303

)

(72,726

)

-

(84,029

)

At 31 July 2025

-

22,130

NET BOOK VALUE

At 31 July 2025

-

207

At 31 July 2024

11,503

17,481

982

29,966

13.	INVESTMENTS

31.7.25

31.7.24

£

Participating interests

(1,478

)

-

Other investments not loans

-

540,094

(1,478

)

540,094

Additional information is as follows:

Interest

in joint

venture

£

COST

Additions

1

Share of profit/(loss)

(1,479

)

At 31 July 2025

(1,478

)

NET BOOK VALUE

At 31 July 2025

(1,478

)

31.7.25

31.7.24

£

Cost

622,000

Movement

(70,106

)

(81,906

)

Disposal

(551,894

)

-

540,094

14.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.7.25

31.7.24

£

Amounts owed by group undertakings

500,000

-

Other debtors

33,060

29,928

533,060

29,928

15.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.7.25

31.7.24

£

Trade creditors

(2

)

(1

)

Social security and other taxes

715

-

VAT

18

-

Other creditors

606

-

Directors' current accounts

7,695

8,274

Accruals and deferred income

-

1,200

9,032

9,473

16.	PROVISIONS FOR LIABILITIES

31.7.25

31.7.24

£

Deferred tax

40

1,895

Deferred

tax

£

Balance at 1 August 2024

1,895

Credit to Income Statement during year

(1,855

)

Balance at 31 July 2025

40

17.	CALLED UP SHARE CAPITAL

The company's share capital is comprised of 50 (2024: 50) Ordinary A shares of nominal value £1.00 and 50 (2024: 50) Ordinary B shares of nominal value £1.00. Both share classes are fully paid.

Both share classes convey full voting, dividend and capital rights.

18.

RESERVES

Retained

earnings

£

At 1 August 2024

651,212

Profit for the year

75,884

Dividends

(34,987

)

At 31 July 2025

692,109

19.	ULTIMATE PARENT COMPANY

Footballco Media Ltd is regarded by the director as being the company's ultimate parent company.

20.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

D Stobbart

Balance outstanding at start of year

-

3,502

Amounts repaid

-

(3,502

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

21.	ULTIMATE CONTROLLING PARTY

The company is not controlled by any one individual or company.

22.	TRANSITION TO FRS 101

The company transitioned Financial Reporting Standard 105 to Financial Reporting Standard 101 in the year.

Comparatives have been restated for the inclusion of deferred tax. The impact on brought forward retained earnings as at 1 August 2024 was a net reduction amounting to £1,895.

23.

RESERVES

The following describes the nature and purpose of each reserve within equity.

Share capital

Nominal value of share capital subscribed for.

Profit and loss account

All net gains and losses and transactions with owners, such as dividends.