ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Year ended

31 December

Period ended

31 December

Registered number: 06120966

SN&CK MEDIA LIMITED

ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

SN&CK MEDIA LIMITED

COMPANY INFORMATION

Directors	R J Peters
	J M C Asratian (resigned 28 September 2025)
	H Morales Valdes (resigned 28 September 2025)
	J T Murphy (appointed 28 September 2025)


Registered number	06120966


Registered office	5-13 Hatton Wall
	London
	EC1N 8HX


Independent auditors	Harris & Trotter LLP
	Chartered Accountants & Statutory Auditors
	101 New Cavendish Street
	1st Floor South
	London
	W1W 6XH

SN&CK MEDIA LIMITED

CONTENTS

	Page
Directors' report	1 - 2
Independent auditors' report	3 - 6
Statement of comprehensive income	7
Balance sheet	8 - 9
Statement of changes in equity	10
Notes to the financial statements	11 - 24

SN&CK MEDIA LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors

The directors who served during the year were:

R J Peters

J M C Asratian (resigned 28 September 2025)

H Morales Valdes (resigned 28 September 2025)

J T Murphy (appointed 28 September 2025)

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company continued to be that of the development and creation of premium multichannel media content for sports websites.

Results and dividends

The loss for the year, after taxation, amounted to £51,234 (2024 - profit £1,689,052).

Page 1

SN&CK MEDIA LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, Harris & Trotter LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

R J Peters

Director

Date: 24 August 2026

Page 2

SN&CK MEDIA LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SN&CK MEDIA LIMITED

Opinion

We have audited the financial statements of Sn&ck Media Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 3

SN&CK MEDIA LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SN&CK MEDIA LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 4

SN&CK MEDIA LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SN&CK MEDIA LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent imitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). In dentifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

• We obtained an understanding of the legal and regulatory frameworks applicable to the Group and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.

• We obtained an understanding of how the Group is complying with those legal and regulatory frameworks by making enquiries of management.

• We challenged assumptions and judgments made by management in its significant accounting estimates;

We did not identify any key audit matters relating to irregularities, including fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Page 5

SN&CK MEDIA LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SN&CK MEDIA LIMITED (CONTINUED)

Daniel Walters (Senior statutory auditor)

for and on behalf of

Harris & Trotter LLP

Chartered Accountants

Statutory Auditors

101 New Cavendish Street

1st Floor South

London

W1W 6XH

24 August 2026

Page 6

SN&CK MEDIA LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	Year ended 31 December	Period ended 31 December
	2025	2024
	£	£


Turnover	3	17,284,566	12,130,358
Cost of sales		(12,970,165)	(8,451,745)
Gross profit		4,314,401	3,678,613
Administrative expenses		(3,363,618)	(2,686,387)
Exceptional administrative expenses		255,902	(834,393)
Operating profit		1,206,685	157,833
Income from fixed assets investments		-	1,580,814
Amounts written off investments		(1,075,198)	-
Profit on disposal of investments		189	170,000
Interest receivable and similar income	7	33	1,440
Interest payable and similar expenses	8	(18,982)	(4,134)
Profit before tax		112,727	1,905,953
Tax on profit	9	(163,961)	(216,901)
(Loss)/profit for the financial year		(51,234)	1,689,052

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 11 to 24 form part of these financial statements.

Page 7

SN&CK MEDIA LIMITED

REGISTERED NUMBER: 06120966

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	11		103,333		123,333
Tangible assets	12		1,269		5,499
Investments	13		1,000		1,076,189
			105,602		1,205,021
Current assets
Debtors: amounts falling due within one year	14	3,946,194		4,460,295
Cash at bank and in hand	15	563,261		550,818
		4,509,455		5,011,113
Creditors: amounts falling due within one year	16	(3,537,572)		(5,086,358)
Net current assets/(liabilities)			971,883		(75,245)
Total assets less current liabilities			1,077,485		1,129,776
Provisions for liabilities
Deferred tax	17	(318)		(1,375)
			(318)		(1,375)
Net assets			1,077,167		1,128,401

Capital and reserves
Called up share capital	966	966
Share premium account	99,333	99,333
Capital redemption reserve	701	701
Profit and loss account	976,167	1,027,401
	1,077,167	1,128,401

Page 8

SN&CK MEDIA LIMITED

REGISTERED NUMBER: 06120966

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2026.

R J Peters

Director

The notes on pages 11 to 24 form part of these financial statements.

Page 9

SN&CK MEDIA LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 March 2024	966	99,333	701	1,699,494	1,800,494

Profit for the period	-	-	-	1,689,052	1,689,052
Dividends: Equity capital	-	-	-	(2,361,145)	(2,361,145)

At 1 January 2025	966	99,333	701	1,027,401	1,128,401

Loss for the year	-	-	-	(51,234)	(51,234)
At 31 December 2025	966	99,333	701	976,167	1,077,167

The notes on pages 11 to 24 form part of these financial statements.

Page 10

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The company is a private company limited by shares and is incorporated in England and Wales (registered number: 06120966).

The registered office and principal place of business address is located at 5-13 Hatton Wall, London, EC1N 8HX.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

2.3

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position the director considers it appropriate to prepare the financial statements on a going concern basis.

Page 11

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 12

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

Pensions

Defined contribution pension plan

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 the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 13

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.13

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line method and reducing balance methods.

Depreciation is provided on the following basis:

Fixtures and fittings	-		3 year straight line
Office equipment	-		3 year straight line
Website development	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 14

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.17

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.

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Advertising revenue	17,284,566	12,130,358
	17,284,566	12,130,358

Page 15

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Fees payable to the Company's auditors for the audit of the Company's financial statements

15,000

Wages and salaries	1,192,466	924,750
Social security costs	186,075	113,757
Cost of defined contribution scheme	21,845	17,557
	1,400,386	1,056,064

The average monthly number of employees, including directors, during the year was 21 (2024 - 21).

Dividends received	-	(1,580,814)
	-	(1,580,814)

Page 16

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

	Other interest receivable	33	1,440
		33	1,440

	Other interest payable	18,982	4,134
		18,982	4,134

Corporation tax
Current tax on profits for the year	165,018	221,842

Total current tax	165,018	221,842

Deferred tax
Accelerated capital allowances	(1,057)	(4,941)
Total deferred tax	(1,057)	(4,941)


	Tax on profit	163,961	216,901

Page 17

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.Taxation (continued)

Profit on ordinary activities before tax

2,499,011

1,905,953

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	624,753	476,488
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	12,730	9,914
Capital allowances for year/period in excess of depreciation	6,058	8,831
Other dissallowed expenses	-	207,274
Deferred tax	(1,057)	(4,941)
Non-taxable income	(390,472)	(42,500)
Dividends from UK companies	-	(395,204)
Group relief	(87,855)	(42,902)
Chairtable donations relief	(196)	(59)
Total tax charge for the year/period	163,961	216,901

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 18

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Profit on disposal of intangible asset	-	75,363
Write-off of claim unrecovered	(5,288)	5,299
Write-off of intercompany balances	(250,614)	753,731
	(255,902)	834,393

11.	Intangible assets

		Goodwill
		£
	Cost
	At 1 January 2025	318,737
	At 31 December 2025	318,737
	Amortisation
	At 1 January 2025	195,404
	Charge for the year on owned assets	20,000
	At 31 December 2025	215,404
	Net book value
	At 31 December 2025	103,333
	At 31 December 2024	123,333

Page 19

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	23,253	73,964	122,535	219,752
At 31 December 2025	23,253	73,964	122,535	219,752
Depreciation
At 1 January 2025	23,253	68,463	122,534	214,250
Charge for the year on owned assets	-	4,231	-	4,231
At 31 December 2025	23,253	72,694	122,534	218,481
Net book value
At 31 December 2025	-	1,270	1	1,271
At 31 December 2024	-	5,500	1	5,501

Page 20

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	1,076,189
	Disposals	(189)
	At 31 December 2025	1,076,000
	Impairment
	Charge for the period	1,075,000
	At 31 December 2025	1,075,000
	Net book value
	At 31 December 2025	1,000
	At 31 December 2024	1,076,189

Page 21

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Mediadrive Limited

5-13 Hatton Wall, London, England, EC1N 8HX

Ordinary

100%

Page 22

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.

Debtors

					2025	2024
					£	£


Trade debtors	3,306,420	3,801,407
Amounts owed by group undertakings	-	63,864
Other debtors	29,213	60,778
Prepayments and accrued income	610,561	534,246
	3,946,194	4,460,295

15.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	563,261	550,818
Less: bank overdrafts	(8,920)	(2)
	554,341	550,816

16.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	8,920	2
Trade creditors	391,889	180,559
Amounts owed to group undertakings	53,392	304,668
Corporation tax	-	221,908
Other taxation and social security	238,750	221,353
Other creditors	195,328	330,267
Accruals and deferred income	2,649,293	3,827,601
	3,537,572	5,086,358

Page 23

SN&CK MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

17.	Deferred taxation

		2025
		£

	At beginning of year	(1,375)
	Charged to profit or loss	1,057
	At end of year	(318)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

P&L movement	1,057	4,940
Deferred tax - balance b/fwd	(1,375)	(6,315)
	(318)	(1,375)

18.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £21,845 (2024 - £17,557). Contributions totalling £4,745 (2024 - £4,135) were payable to the fund at the balance sheet date and are included in creditors.

19.	Related party transactions
	At the year end, a total of £Nil (2024: £63,864) was due from the parent company. At the year end, a total of £53,392 (2024: £250,000) was due to it's subsidiary company.

20.	Controlling party

The ulimate parent company and controlling party is Snack Media Topco Ltd and the registered office is 5-13 Hatton Wall, London, United Kingdom, EC1N 8HX..

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