Replay Limited - Filleted accounts

Registered number

02611033

Replay Limited

Filleted Accounts

30 October 2025

Replay Limited
Report and accounts
Contents




Page

Company information	1
Director's report	1
Profit and loss account	2
Balance sheet	3
Notes to the accounts	5

Replay Limited
Registered number:		02611033
Director's Report

The director presents his report and accounts for the year ended 30 October 2025.

Principal activities
The company's principal activity during the year continued to be the provision of film, video and other media services. These include the creation and hosting of online media-rich websites. During the year, the company's activities extended to include farming and the company became a partner in a farming partnership: Penrallt Farm. The partnership owns and manages a dairy herd for the purposes of producing and selling milk and other dairy products. It is also in the process of expanding to incorporate beef production.

Directors
The following persons served as directors during the year:

	David N L Young (who holds 3999 shares)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 27 July 2026 and signed on its behalf.





D N L Young
Director

Replay Limited
Profit and Loss Account
for the year ended 30 October 2025


	2025		2024
£		£

Turnover	449,055		328,957

Cost of sales	(419,635)		(301,553)

Gross profit	29,420		27,404

Administrative expenses	(27,011)		(25,513)

Net profit	2,409		1,891

Gain on investments	62,350		118,053
Income from investments	9,971		21,007
Interest receivable	70,566		74,098

Profit before taxation	145,296		215,049

Tax on profit	(33,834)		(48,515)

Profit for the financial year	111,462		166,534

Replay Limited
Registered number:		02611033
Balance Sheet
as at 30 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		36			48
Investments	4		933,985			617,030
			934,021			617,078

Current assets
Debtors	5	2,171,534			2,258,231
Cash at bank and in hand		422,868			684,057
		2,594,402			2,942,288

Creditors: amounts falling due within one year	6	(270,122)			(412,527)

Net current assets			2,324,280			2,529,761

Net assets			3,258,301			3,146,839

Capital and reserves
Called up share capital			4,000			4,000
Profit and loss account			3,254,301			3,142,839

Shareholders' funds			3,258,301			3,146,839

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D N L Young
Director
Approved by the board on 27 July 2026

Replay Limited
Notes to the Accounts
for the year ended 30 October 2025


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			25% RBM
	Fixtures, fittings, tools and equipment			25% RBM

	Investments
	Listed investments are measured at fair value. The company is a partner in Penrallt Farm farming partnership. The company's share of the profits/losses of this partnership is shown as a separate line item in the detailed schedule of profit and loss in the full (unabridged) statutory accounts. In these notes, 'Interest in farming partnership' equals the sum of the balances held in the capital and partner accounts of Penrallt Farm Partnership as at the balance sheet date, including the cumulative profit/loss. Partnership interest is accounted for using the equity method under FRS 102 (Sections 14/15) Other unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 31 October 2024							55,178
	At 30 October 2025							55,178

	Depreciation
	At 31 October 2024							55,130
	Charge for the year							12
	At 30 October 2025							55,142

	Net book value
	At 30 October 2025							36
	At 30 October 2024							48


4	Investments
Interest in
farming					Other
partnership					investments		Total
£					£		£
	Cost
	At 31 October 2024			-		617,030		617,030
	Additions			933,985		275,500		1,209,485
	Revaluation			-		62,349		62,349
	Share of profit/loss			-		n/a		-
	Disposals			-		(954,879)		(954,879)

	At 30 October 2025			933,985		-		933,985

	Historical cost
	At 31 October 2024			n/a		565,861

	The company is a partner in Penrallt Farm farming partnership whose principal place of business is Penrallt, Llanfarian, Aberystwyth SY23 4QN. The partnership owns and manages a dairy herd for the purposes of producing and selling milk and other dairy products. It is also in the process of expanding to incorporate beef production. 'Interest in farming partnership' equals the sum of the balances held in the capital and partner accounts (including the cumulative profit/loss) of Penrallt Farm Partnership.


5	Debtors					2025		2024
£							£

	Trade debtors					11,000		218,850
	Other debtors					2,160,534		2,039,381
						2,171,534		2,258,231

	Amounts due after more than one year included above					2,127,831		1,607,316


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					196,800		346,800
	Taxation and social security costs					73,322		65,727
						270,122		412,527


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	David N L Young (who holds 3999 shares)
	Loans made pre 2023-2024 (beneficial interest rate paid)	1,029,106				(10,604)		1,018,502

		1,029,106		-		(10,604)		1,018,502


8	Related party transactions

	During the year Okarito (UK) Ltd invoiced Replay Ltd £395000. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd. During the year Replay Ltd invoiced Okarito (UK) Ltd £5000. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd. At the year end Replay Ltd owed OKARITO (UK) Ltd £196800. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd. Included in 'Debtors' is the sum of £ 572711, which is monies loaned to LAURENT DESPAX-COMBE. Laurent Despax-Combe is the spouse of David Young. David Young is the director and principal shareholder of Replay Ltd and of Okarito (UK) Ltd. Included in 'Debtors' is the sum of £ 1018502, which is monies loaned to DAVID YOUNG who is the director and principal shareholder of Replay Ltd and of Okarito (UK) Ltd. Replay Ltd is a partner in Penrallt Farm. This is a trading partnership. The financial relationship with the partnership is detailed in these accounts under the line items relating to 'trading partnership'. Okarito (UK) Ltd is also a partner in Penrallt Farm. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd.


9	Other information

	Replay Limited is a private company limited by shares and incorporated in England. Its registered office is:
	36 Ritherdon Rd
	London
	SW17 8QF