REGISTERED NUMBER: NI036306 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

The Creative Media Company (NI) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Isherwood

SECRETARY:

Mrs S Isherwood

REGISTERED OFFICE:

28 - 30 Old Mountfield Road

Omagh

Co. Tyrone

BT79 7BJ

REGISTERED NUMBER:

NI036306 (Northern Ireland)

ACCOUNTANTS:

HMCI Limited

T/A Hamill McIlwaine

28-30 Old Mountfield Road

Omagh

Co. Tyrone

BT79 7BJ

BANKERS:

Ulster Bank

14 High Street

Omagh

Co. Tyrone

BT78 1BJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

83,808

89,023

83,808

89,023

CURRENT ASSETS

Stocks

28,250

285,000

Debtors

6

593,269

844,749

Cash at bank

19,898

10,755

641,417

1,140,504

CREDITORS

Amounts falling due within one year

7

1,112,646

1,113,318

NET CURRENT (LIABILITIES)/ASSETS

(471,229

)

27,186

TOTAL ASSETS LESS CURRENT LIABILITIES

(387,421

)

116,209

CREDITORS

Amounts falling due after more than one year

8

26,733

83,190

NET (LIABILITIES)/ASSETS

(414,154

)

33,019

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(414,254

)

32,919

SHAREHOLDERS' FUNDS

(414,154

)

33,019

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 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 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 and authorised for issue by the director and authorised for issue on 28 April 2026 and were signed by:

Mr M Isherwood - Director

1.	STATUTORY INFORMATION

The Creative Media Company (NI) Limited is a private company, limited by shares , registered in Northern Ireland. 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 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.

The principal accounting policies which have been applied consistently throughout the year, are set out below.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services to customers, net of value added tax and trade discounts.

Revenue from the provision of services is recognised when the services have been performed and the company has transferred the agreed service deliverables to the customer, such that the amount of revenue can be measured reliably and it is probable that economic benefits will flow to the company.

For fixed-fee project work, revenue is recognised in accordance with the stage of completion of the contract at the reporting date where the outcome can be measured reliably.

Retainer income is recognised over the period in which the related services are provided.

Work in progress represents services performed but not yet invoiced and is measured at the value of work completed at the reporting date.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

The cost of tangible fixed assets is their purchases cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned. The principal annual rates are:

%

Leasehold improvements

2

Fixtures and fittings

10

Stocks

Work in progress represents the value of the time incurred to date by our staff on on-going projects. Where applicable direct outlays are also included. If required the value of WIP is reduced to Net Realisable Value if this is considered lower than the costs incurred.

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.

Research and development

Expenditure on research and development is capitalised in the year in which it is incurred and is held as an intangible asset on the balance sheet and is to be amortised over its useful life.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Research

& Development

£

COST

At 1 December 2024

and 30 November 2025

30,850

AMORTISATION

At 1 December 2024

and 30 November 2025

30,850

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2024

201,954

Additions

1,894

At 30 November 2025

203,848

DEPRECIATION

At 1 December 2024

112,931

Charge for year

7,109

At 30 November 2025

120,040

NET BOOK VALUE

At 30 November 2025

83,808

At 30 November 2024

89,023

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

154,529

371,772

Other debtors

438,740

472,977

593,269

844,749

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

277,501

310,026

Trade creditors

206,219

314,582

Taxation and social security

469,177

353,723

Other creditors

159,749

134,987

1,112,646

1,113,318

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,733

83,190

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

272,238

369,299

Security

Personal guarantee from Marcus and Sandra Isherwood for £200,000.

Charge over life policy held by the company for Mr M Isherwood.

The company entered into a debenture granting the first fixed charge over company assets.

10.	RELATED PARTY DISCLOSURES

Amounts owed from the director amount to £332,616 (2024: £379,379) and are included in other debtors (note 8).