Inner Media Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Inner Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04818830 . The registered office is 3.04 Holmfield Mills, Holdsworth Road, Halifax, West Yorkshire, HX3 6SN.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

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

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

• the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;

• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

• the amount of revenue can be measured reliably;

• it is probable that the economic benefits associated with the transaction will flow to the Company; and

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

2.4. Research and Development

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at a rate of 33.33% straight line.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Plant & Machinery	33.33% Straight line
Fixtures & Fittings	20.00% Straight line
Computer Equipment	33.33% Straight line

2.6. Investment Properties

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

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Inner Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.7. Leasing and Hire Purchase Contracts

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are

recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

2.8. Foreign Currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once thecontributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independentlyadministered funds

2.11. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

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Inner Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.12. Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13. Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: 19)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 August 2024	-
Additions	1,771

As at 31 July 2025	1,771

Depreciation
As at 1 August 2024	-
Provided during the period	344

As at 31 July 2025	344

Net Book Value
As at 31 July 2025	1,427

As at 1 August 2024	-

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	503,071	597,857
Amounts owed by group undertakings	40,600	-
Other debtors	553,781	16,435

	1,097,452	614,292

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Inner Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	24,608	-
Other loans	1,971	979
Other creditors	769,421	340,738
Taxation and social security	314,108	311,209

	1,110,108	652,926

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,003	1,003

On 22 July 2025 In-Synergy Marketing SPV Limited acquired 51% of the issued ordinary share capital of the company from Mr C Knight and Mr S Wood. From that date In-Synergy Marketing SPV Limited is the company's immediate parent undertaking and the ultimate controlling party is Mr Rodney Sheriff. Mr Rodney Sheriff was appointed a director of the company on the same date.

9. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	274,089	1,100,486

Dividends declared during the year, all applied against the recipients' loan accounts rather than settled in cash, were as follows:

2025 £274,089

Mr C Knight, director 162,970

Mr S Wood, director 54,323

Mr R Lane, shareholder 41,712

Mrs D Judge, shareholder and a person connected with Mr C Knight 15,084

10. Related Party Transactions

Directors' loan accounts

During the year the company met expenditure on behalf of the directors and made payments to them which were charged to their loan accounts. Advances to Mr C Knight totalled £223,819 and amounts credited to his account £220,056; advances to Mr S Wood totalled £185,773 and amounts credited to his account £184,239. Both accounts stood at £nil at 31 July 2025 (2024: Mr C Knight £3,764 and Mr S Wood £1,534, both owed by the company).

The amounts credited to the loan accounts comprise dividends of £162,970 and £54,323 respectively, the novation of the closing balances described below, and the write-off referred to in the following paragraph. Further detail of advances and credits granted to directors is given in note .

Write-off of directors' balances

Residual balances of £1,980 owed by Mr C Knight and £4,110 owed by Mr S Wood, totalling £6,090, were written off to administrative expenses on 31 July 2025.

Novation of loan accounts

On 31 July 2025 the balance of £74 owed by Mr C Knight was novated to CJ Knight Holdings Limited and the balance of £125,737 owed by Mr S Wood was novated to Spencer Wood Lettings Limited, each company being controlled by the respective director. Following the novations no amount was owed to the company by either director personally.

Amounts owed by connected companies

...CONTINUED

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Inner Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

10. Related Party Transactions - continued

At 31 July 2025 the following amounts were owed to the company, all interest free, unsecured and repayable on demand:

2025 £558,283

CJ Knight Holdings Limited, controlled by Mr C Knight 391,946

Spencer Wood Lettings Limited, controlled by Mr S Wood 125,737

In-Synergy Marketing SPV Limited, parent undertaking 40,600

The balance owed by CJ Knight Holdings Limited arose from payments made during the year totalling £391,872, together with the £74 novated from Mr C Knight's loan account. No dividends were declared in favour of CJ Knight Holdings Limited during the year.

The balance owed by In-Synergy Marketing SPV Limited represents professional fees of £40,600 incurred in connection with the acquisition of the company's share capital, which were met by the company and recharged to the purchaser.

Transaction costs borne by the shareholders

Professional fees of £105,620 relating to the sale of the company's share capital were charged to the parties on whose behalf they were incurred — £45,514 to Mr C Knight, £19,506 to Mr S Wood and £40,600 to In-Synergy Marketing SPV Limited. A further £55,000 payable to KBS Corporate in respect of the same transaction is included in accruals at 31 July 2025.

Other transactions

Sales commission of £1,112 was provided for at 31 July 2025 in respect of Mr Benson Knight, a shareholder and a person connected with Mr C Knight, and is included in creditors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,427		-

			1,427		-
CURRENT ASSETS
Debtors	6	1,097,452		614,292
Cash at bank and in hand		420,670		188,186

		1,518,122		802,478
Creditors: Amounts Falling Due Within One Year	7	(1,110,108 )		(652,926 )

NET CURRENT ASSETS (LIABILITIES)			408,014		149,552

TOTAL ASSETS LESS CURRENT LIABILITIES			409,441		149,552

NET ASSETS			409,441		149,552

CAPITAL AND RESERVES
Called up share capital	8		1,003		1,003
Profit and Loss Account			408,438		148,549

SHAREHOLDERS' FUNDS			409,441		149,552