REGISTERED NUMBER: 03129175 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

247.TV LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A D Battersby

Ms F J Harrison

REGISTERED OFFICE:

The Firs

Barston Lane

Solihull

West Midlands

B92 0JP

REGISTERED NUMBER:

03129175 (England and Wales)

ACCOUNTANTS:

Lowson Ward

Chartered Accountants

292 Wake Green Road

Birmingham

B13 9QP

FIXED ASSETS

Tangible assets

3

2,225,102

2,077,142

CURRENT ASSETS

Stocks

3,950

36,600

Debtors

4

268,681

229,512

Cash at bank

849,571

679,246

1,122,202

945,358

CREDITORS

Amounts falling due within one year

5

(308,605

)

(334,311

)

NET CURRENT ASSETS

813,597

611,047

TOTAL ASSETS LESS CURRENT LIABILITIES

3,038,699

2,688,189

PROVISIONS FOR LIABILITIES

6

(363,055

)

(333,200

)

NET ASSETS

2,675,644

2,354,989

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7

2,674,644

2,353,989

SHAREHOLDERS' FUNDS

2,675,644

2,354,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

Mr A D Battersby - Director

1.	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.

Tangible fixed assets

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

Freehold property

-

2% p.a. on cost excluding land

Improvements to lease property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

33% on reducing balance

Equipment

-

20% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.	EMPLOYEES AND DIRECTORS

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

3.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to lease

Plant and

property

property

machinery

£

£

£

COST

At 1 December 2024

650,173

-

1,495,476

Additions

-

4,848

6,451

At 30 November 2025

650,173

4,848

1,501,927

DEPRECIATION

At 1 December 2024

8,669

-

1,148,152

Charge for year

4,334

485

53,844

At 30 November 2025

13,003

485

1,201,996

NET BOOK VALUE

At 30 November 2025

637,170

4,363

299,931

At 30 November 2024

641,504

-

347,324

Fixtures

and

Motor

fittings

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 December 2024

40,657

422,646

1,612,547

4,221,499

Additions

-

43,938

461,488

516,725

At 30 November 2025

40,657

466,584

2,074,035

4,738,224

DEPRECIATION

At 1 December 2024

36,954

293,770

656,812

2,144,357

Charge for year

853

57,028

252,221

368,765

At 30 November 2025

37,807

350,798

909,033

2,513,122

NET BOOK VALUE

At 30 November 2025

2,850

115,786

1,165,002

2,225,102

At 30 November 2024

3,703

128,876

955,735

2,077,142

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

249,439

207,603

Prepayments

19,242

21,909

268,681

229,512

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

96,516

200,997

Credit card

483

7,596

Corporation tax

89,104

13,229

PAYE and NIC

75

401

VAT

88,403

97,631

Other creditors

34

-

Wages control account

2,143

-

Directors' current accounts

25,847

1,815

Accrued expenses

6,000

12,642

308,605

334,311

6.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

363,055

333,200

Deferred

tax

£

Balance at 1 December 2024

333,200

Provided during year

29,855

Balance at 30 November 2025

363,055

7.

RESERVES

Retained

earnings

£

At 1 December 2024

2,353,989

Profit for the year

341,655

Dividends

(21,000

)

At 30 November 2025

2,674,644