REGISTERED NUMBER: 12259102 (England and Wales)

AFRICAN OVERSEAS MEDIA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

E W Griffiths

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

12259102 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

4

22,500

22,500

Investment property

5

373,290

373,290

395,790

395,790

CURRENT ASSETS

Debtors

6

1,142

50,788

Cash at bank

207,774

228,841

208,916

279,629

CREDITORS

Amounts falling due within one year

7

617,149

691,166

NET CURRENT LIABILITIES

(408,233

)

(411,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,443

)

(15,747

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(12,543

)

(15,847

)

SHAREHOLDERS' FUNDS

(12,443

)

(15,747

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 by the director and authorised for issue on 4th September 2026 and were signed by:

E W Griffiths - Director

1.	STATUTORY INFORMATION

African Overseas Media Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Distribution and publishing rights

Sports rights to broadcast and/or sub-license sports events, and rights to publishing titles.

Distribution rights are recognised as an asset at the start of the period to which the events relate, and are measured at the purchase price translated at spot rate on the date of initial recognition. Payments made to negotiate and secure the broadcasting of sports rights are expensed as incurred. The pattern of recognition as an expense is based on contractual broadcasting or expensed where management have confirmed that it is their intention that no further broadcasting will occur.

Sports rights are expensed on a straightline basis over the period to which the events relate (normally over the contract period).

Sports rights are assessed for impairment by assessing likelihood of the sporting

event being cancelled based on facts and circumstances available as well as contractual rights to recover these rights through cash."

Publishing rights are recognised as an asset at the start of the period when pre-publishing costs are incurred. Pre-publication costs represent direct costs incurred in the development of titles prior to their publication. These costs are amortised upon publication of the title over estimated economic lives of five years or less, being an estimate of the expected operating life cycle of the title, with a higher proportion of the amortisation taken in the earlier years.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Distributi

and

publishing

rights

£

COST

At 1st November 2024

and 31st October 2025

1,251,395

AMORTISATION

At 1st November 2024

and 31st October 2025

1,228,895

NET BOOK VALUE

At 31st October 2025

22,500

At 31st October 2024

22,500

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

and 31st October 2025

373,290

NET BOOK VALUE

At 31st October 2025

373,290

At 31st October 2024

373,290

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts recoverable on contract

-

41,322

Other debtors

1,142

9,466

1,142

50,788

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,799

77,294

Taxation and social security

1,403

-

Other creditors

613,947

613,872

617,149

691,166

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY TRANSACTIONS

Included within other creditors is a balance of £445,648 (2024: £445,648) that is owed to the shareholder at the end of the year.

10.	GOING CONCERN

The company has an insolvent Balance Sheet, however the director has considered a period of 12 months from the date of signing the accounts and consider that the company is able to meet its financial liabilities as they fall due for a period of at least 12 months.