REGISTERED NUMBER: SC515338 (Scotland)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

Argyll Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

P F Laidlaw

Mrs S J Shannon

REGISTERED OFFICE:

C/o Wright, Johnston & Mackenzie Llp

12 Hope Street

Edinburgh

EH2 4DB

REGISTERED NUMBER:

SC515338 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Intangible assets

4

205,122

221,403

Tangible assets

5

6,297

7,871

211,419

229,274

CURRENT ASSETS

Debtors

6

88,555

90,071

Cash at bank

52,367

50,795

140,922

140,866

CREDITORS

Amounts falling due within one year

7

372,848

369,477

NET CURRENT LIABILITIES

(231,926

)

(228,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,507

)

663

CREDITORS

Amounts falling due after more than one year

8

-

7,500

NET LIABILITIES

(20,507

)

(6,837

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(20,508

)

(6,838

)

(20,507

)

(6,837

)

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

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

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th May 2026 and were signed on its behalf by:

P F Laidlaw - Director

1.	STATUTORY INFORMATION

Argyll Media Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The company's principle intangible assets are publishing titles. The company does not capitalise internally generated publishing titles. Titles acquired after 1 January 1996 are recorded at the valuation at the date of acquisition. These publishing titles have no finite life.

The carrying value of the titles is is reviewed for impairment at least annually with testing undertaken to determine any diminution in the recoverable amount below carrying value. The recoverable amount is the higher of the fair value less costs to sell and the value in use, which is based on the net present value of estimated future cash flows. Any impairment loss is recognised as an expense immediately.

All other intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Amortisation is provided on the following bases:

Publishing rights - 20% on a straight line basis

Software - 20% on a reducing balance basis

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 equipment - 20% reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2025

and 31st December 2025

221,403

AMORTISATION

Charge for year

16,281

At 31st December 2025

16,281

NET BOOK VALUE

At 31st December 2025

205,122

At 31st December 2024

221,403

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

and 31st December 2025

7,871

DEPRECIATION

Charge for year

1,574

At 31st December 2025

1,574

NET BOOK VALUE

At 31st December 2025

6,297

At 31st December 2024

7,871

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,027

42,216

Other debtors

51,528

47,855

88,555

90,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,387

4,416

Taxation and social security

5,552

6,103

Other creditors

362,909

358,958

372,848

369,477

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

7,500