PIXEL PEEPERS LTD


Directors	LEADBETTER, Richard
	LOMAN, Rupert Adam


Registered Address	Downmere Poynings Road
	Poynings
	Brighton
	BN45 7AG


Registered Number	16485026 (England and Wales)

Notes to the Financial Statements
for the period ended 31 May 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number is 16485026 and registered office address is Downmere Poynings Road, Poynings, Brighton, England, BN45 7AG.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company is a qualifying entity for purposes of the small companies regime and has taken advantage of the exemption available under section 398 of the Companies Act 2006 from the requirement to prepare group accounts. Accordingly, these financial statements present information about the company as an individual undertaking and not about its group.

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The company is a qualifying entity for purposes of the small companies regime and has taken advantage of the exemption available under section 398 of the Companies Act 2006 from the requirement to prepare group accounts. Accordingly, these financial statements present information about the company as an individual undertaking and not about its group.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. During the year the Company acquired and subsequently dissolved its wholly-owned subsidiary. Following acquisition, the subsidiary declared distributions to the Company in accordance with the terms of the share purchase agreement. The remaining net assets received on dissolution have been applied against the carrying value of the investment. The investment has been fully derecognised at the balance sheet date.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

During the year the Company acquired and subsequently dissolved its wholly-owned subsidiary. Following acquisition, the subsidiary declared distributions to the Company in accordance with the terms of the share purchase agreement. The remaining net assets received on dissolution have been applied against the carrying value of the investment. The investment has been fully derecognised at the balance sheet date.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and in hand and short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company holds certain funds in money market funds as part of its short-term cash management. These holdings are included within cash equivalents where they meet these criteria.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2026
	Average number of employees during the year	3

3.	Fixed asset investments
	The company held 100% of the ordinary share capital of Digital Foundry Network Ltd, registered number 09690699 and registered address Downmere Poynings Road, Poynings, Brighton, England, BN45 7AG. Digital Foundry Network Ltd was subsequently dissolved during the year.

	Investments in groups¹	Total
	£	£
Cost or valuation
Additions	648,475	648,475
Disposals	(648,475)	(648,475)
Net book value
At 31 May 26	-	-

	Notes
	¹Investments in group undertakings and participating interests

4.	Debtors: amounts due within one year

		2026
		£
	Trade debtors / trade receivables	40,302
	Other debtors	17,252
	Prepayments and accrued income	26,747
	Total	84,301

5.	Creditors: amounts due within one year

		2026
		£
	Trade creditors / trade payables	15,945
	Amounts owed to related parties	94,860
	Taxation and social security	59,928
	Other creditors	1,149
	Accrued liabilities and deferred income	4,600
	Total	176,482

6.	Creditors: amounts due after one year

		2026
		£
	Amounts owed to related parties	195,001
	Total	195,001

7.	Related party transactions
	At the balance sheet date, the company owed £215,995 (£47,430 within current liabilities and £168,565 within non-current liabilities) to Rupert Loman and £73,866 (£47,430 within current liabilities and £26,436 within non-current liabilities) to Richard Leadbetter, both of whom are directors of the company. The loans are unsecured, interest-free, and have no fixed repayment terms. The directors have agreed that repayment of these amounts will only be made when the Company has sufficient funds available to do so without adversely affecting the Company's financial position or its ability to meet its liabilities as they fall due.

Related party transactions

At the balance sheet date, the company owed £215,995 (£47,430 within current liabilities and £168,565 within non-current liabilities) to Rupert Loman and £73,866 (£47,430 within current liabilities and £26,436 within non-current liabilities) to Richard Leadbetter, both of whom are directors of the company. The loans are unsecured, interest-free, and have no fixed repayment terms.

The directors have agreed that repayment of these amounts will only be made when the Company has sufficient funds available to do so without adversely affecting the Company's financial position or its ability to meet its liabilities as they fall due.

	Notes	2026
		£	£
Current assets
Debtors	4	84,301
Cash at bank and on hand		116,317
		200,618
Creditors amounts falling due within one year	5	(176,482)
Net current assets (liabilities)			24,136
Total assets less current liabilities			24,136
Creditors amounts falling due after one year	6		(195,001)
Net assets			(170,865)
Capital and reserves
Called up share capital			20
Share premium			119
Profit and loss account			(171,004)
Shareholders' funds			(170,865)