2SeeTV Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04891536

2SEETV LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 October 2025

2SEETV LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	4	314	369

CURRENT ASSETS

Stocks		75,131	24,856
Debtors	5	58,609	1,997
Cash at bank and in hand		1,117	128
		-----------	---------
		134,857	26,981

CREDITORS: amounts falling due within one year	6	108,420	10,211
		-----------	---------
NET CURRENT ASSETS		26,437	16,770
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		26,751	17,139

CREDITORS: amounts falling due after more than one year	7	–	5,288
		---------	---------
NET ASSETS		26,751	11,851
		---------	---------

CAPITAL AND RESERVES

Called up share capital	998	998
Profit and loss account	25,753	10,853
	---------	---------
SHAREHOLDERS FUNDS	26,751	11,851
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

2SEETV LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr S J Brady	Mr A D Betts
Director	Director

Company registration number: 04891536

2SEETV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Ironworks, Warton Road, Carnforth, Lancashire, LA5 9EX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. TANGIBLE ASSETS

	Plant and machinery
	£

Cost
At 1 November 2024 and 31 October 2025	979
	-----
Depreciation
At 1 November 2024	610
Charge for the year	55
	-----
At 31 October 2025	665
	-----
Carrying amount
At 31 October 2025	314
	-----
At 31 October 2024	369
	-----

5. DEBTORS

	2025	2024
	£	£

Trade debtors	51,705	–
Amounts owed by group undertakings	–	311
Prepayments and accrued income	144	138
Other debtors	6,760	1,548
	---------	--------
	58,609	1,997
	---------	--------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	5,253	8,800
Trade creditors	6,271	232
Amounts owed to group undertakings	92,377	–
Accruals and deferred income	1,011	1,071
Corporation tax	3,508	108
	-----------	---------
	108,420	10,211
	-----------	---------

7. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	–	5,288
	-----	--------

8. RELATED PARTY TRANSACTIONS

As per note 10 the company is a subsidiary of JabbaTalk Limited which is under the control of the directors of 2SeeTV Limited. During the year the company traded with JabbaTalk Limited under normal market terms.

9. CONTROLLING PARTY

On 31st October 2019 the total issued share capital of the company was purchased by JabbaTalk Limited, a company registered in England and Wales and under the control of the directors of 2SeeTV Limited. JabbaTalk Limited is the immediate and ultimate parent company of 2SeeTV Limited.