REGISTERED NUMBER: 07239443 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

VARN MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T C Vaughton

Mrs E A Vaughton

REGISTERED OFFICE:

The Old Brewery

Newtown

Bradford on Avon

Wiltshire

BA15 1NF

REGISTERED NUMBER:

07239443 (England and Wales)

ACCOUNTANTS:

Andrew Cross & Co.

Chartered Certified Accountants

6 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Tangible assets

4

76,635

91,828

Investments

5

314,698

315,648

391,333

407,476

CURRENT ASSETS

Work in progress

22,387

1,800

Debtors

6

347,900

353,645

Cash at bank

141,026

117,367

511,313

472,812

CREDITORS

Amounts falling due within one year

7

186,253

195,536

NET CURRENT ASSETS

325,060

277,276

TOTAL ASSETS LESS CURRENT LIABILITIES

716,393

684,752

CREDITORS

Amounts falling due after more than one year

8

-

834

NET ASSETS

716,393

683,918

CAPITAL AND RESERVES

Called up share capital

9

25

25

Share premium

7,473

7,473

Fair value reserve

10

56,216

58,193

Retained earnings

652,679

618,227

SHAREHOLDERS' FUNDS

716,393

683,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

T C Vaughton - Director

1.	STATUTORY INFORMATION

Varn Media Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents invoiced work for completed projects in the year together with the relevant proportion of work in progress at the year end date and taking into account work in progress already completed at the start of the financial year, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Work in progress

Work in progress is valued by taking account of the relevant proportion of sales invoices raised after the year end date, relating to work completed prior to the year end date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

211,213

Additions

5,114

At 30 April 2026

216,327

DEPRECIATION

At 1 May 2025

119,385

Charge for year

20,307

At 30 April 2026

139,692

NET BOOK VALUE

At 30 April 2026

76,635

At 30 April 2025

91,828

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 May 2025

315,648

Revaluations

(950

)

At 30 April 2026

314,698

NET BOOK VALUE

At 30 April 2026

314,698

At 30 April 2025

315,648

Cost or valuation at 30 April 2026 is represented by:

Other

investments

£

Valuation in 2021

238,964

Valuation in 2022

(4,154

)

Valuation in 2023

23,458

Valuation in 2024

(22,919

)

Valuation in 2025

(19,701

)

Valuation in 2026

(950

)

Cost

100,000

314,698

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

193,965

206,117

Other debtors

153,935

147,528

347,900

353,645

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

834

10,000

Trade creditors

13,532

-

Taxation and social security

136,165

144,168

Other creditors

35,722

41,368

186,253

195,536

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

834

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

251

Ordinary

10p

25

25

1

Preference

10p

-

-

25

25

10.

RESERVES

Fair

value

reserve

£

At 1 May 2025

58,193

Revaluation reserve

(1,977

)

At 30 April 2026

56,216

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

2026

2025

£

£

T C Vaughton

Balance outstanding at start of year

21,456

22,389

Amounts advanced

5,686

-

Amounts repaid

-

(933

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,142

21,456

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Littlevarn Limited, company number 14859976, registered office The Old Brewery, Newtown, Bradford on Avon, Wiltshire, BA15 1NF.

13.	SHARE-BASED PAYMENT TRANSACTIONS

The company has an Enterprise Management Incentive (EMI) Scheme in place under which share options have been granted to certain eligible individuals to subscribe to ordinary shares of £1 each at an exercise price of £162.50 per ordinary share, subject ot the rules of the scheme. The share options can be exercised on, or immediately prior to occurrence, of any of the following:

1. The option to acquire 26 option shares can be exercised in the period ending 30 April 2023 subject to meeting the year 1 qualifying conditions specified in the EMI agreement.

2. The option to acquire 20 option shares if the conditions in year 1 were met, or to acquire 46 option shares if the conditions in year 1 were not met, can be exercised in the period ending 30 April 2024 subject to meeting the year 2 qualifying conditions specified in the EMI agreement.

3. The option to acquire 20 option shares if the conditions in years 1 and 2 above were met, or to acquire 40 or 46 option shares if either of the conditions in years 1 or 2 were not met, can be exercised in the period ending 30 April 2025 subject to meeting the year 1 qualifying conditions specified in the EMI agreement.

The option was not exercised to acquire 20 option shares during this period.