Wonderborn Distribution Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11414606

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	167,680		154,631
Cash at bank and in hand		174		162

		167,854		154,793
Creditors: Amounts Falling Due Within One Year	5	(164,558 )		(124,582 )

NET CURRENT ASSETS (LIABILITIES)			3,296		30,211

TOTAL ASSETS LESS CURRENT LIABILITIES			3,296		30,211

NET ASSETS			3,296		30,211

CAPITAL AND RESERVES
Called up share capital	6		10		10
Profit and Loss Account			3,286		30,201

SHAREHOLDERS' FUNDS			3,296		30,211

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Toby Hughes

Director

21/08/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Wonderborn Distribution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11414606 . The registered office is Level 2 Spectrum Building, Bond Street, Bristol, BS1 3LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Revenue represents amounts receivable from the licensing and distribution of television programming and related rights, net of value added tax and other taxes.

The Company acts as principal in acquiring and licensing distribution rights and accordingly recognises gross licence revenue.

Revenue from licence agreements is recognised when the Company’s contractual performance obligations have been satisfied. For the majority of licence agreements this occurs when the licensed content has been delivered to the customer, all material delivery requirements have been fulfilled, the licence has commenced and the customer is able to exploit the licensed rights. Revenue is recognised at this point irrespective of the period over which the customer is entitled to exercise the licensed rights or payment is received

Amounts invoiced or received in advance of satisfying the Company’s contractual performance obligations are recognised as deferred income.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Cost of Sales

Cost of sales comprises royalties and commissions payable to third-party rights holders together with direct costs incurred in preparing, adapting, localising and delivering programme content to customers.

Royalties and commissions are recognised when the Company enters into a legally binding licence agreement with a customer giving rise to the related obligation. Such costs are recognised in the same accounting period as the associated licence revenue. Where settlement of royalties or commissions is contractually deferred until receipt of payment from the customer, the liability is recognised when incurred and remains within creditors until payment becomes due.

3. Average Number of Employees

The Company’s activities are carried out by personnel employed by its parent undertaking. The costs of these services are recharged to the Company under intercompany service arrangements. Accordingly, the average number of employees, including directors, during the year employed under contracts of service was NIL (2024: 1)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,130	2,999
Prepayments and accrued income	130,575	132,242
VAT	109	2,468
Amounts owed by group undertakings	35,866	16,922

	167,680	154,631

Included within Prepayments and accrued income is £83,506 (2024: £65,307) falling due after more than one year.

This balance principally comprises amounts receivable under television programme licence agreements where the Company’s performance obligations have been satisfied and revenue has therefore been recognised, but where the contractual payment terms provide for settlement by customers in instalments over periods extending beyond twelve months from the balance sheet date.

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Wonderborn Distribution Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,400	42
Bank loans and overdrafts	47,720	37,607
Accruals	68,278	74,913
Amounts owed to group undertakings	43,160	12,020

	164,558	124,582

Included within accruals are royalties and commissions payable to rights holders in respect of licence agreements completed before the year end. Under the terms of the relevant agreements, settlement generally becomes payable following receipt of the related licence fees from customers.

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 0.01 each	10	10

7. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	-	117,500

8. Ultimate Controlling Party

The parent undertaking is Wonderborn Media Group Ltd by virtue of it's ownership of 100% of the issued share capital in the company.

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