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REGISTERED NUMBER: 11415532 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

LIVEDOOH LTD

LIVEDOOH LTD (REGISTERED NUMBER: 11415532)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIVEDOOH LTD

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTORS: G A Hoffman
K Bernardin
M P Dearden
F M Olivares
D E G Van Motman
A Hamblin





REGISTERED OFFICE: 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 11415532 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,890,782 1,231,441
Investments 5 2,163,756 2,163,756
4,054,538 3,395,197

CURRENT ASSETS
Debtors 6 606,122 635,370
Cash at bank 105,209 403,752
711,331 1,039,122
CREDITORS
Amounts falling due within one year 7 1,019,763 1,110,038
NET CURRENT LIABILITIES (308,432 ) (70,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,746,106

3,324,281

CREDITORS
Amounts falling due after more than one year 8 162,676 212,606
NET ASSETS 3,583,430 3,111,675

CAPITAL AND RESERVES
Called up share capital 9 1,240,592 1,240,591
Share premium 479,149 171,256
Capital redemption reserve 604,892 604,892
Merger reserve 45,099 45,099
Other reserves 212,033 419,965
Retained earnings 1,001,665 629,872
SHAREHOLDERS' FUNDS 3,583,430 3,111,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

BALANCE SHEET - continued
31 December 2022


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 29 November 2023 and were signed on its behalf by:





G A Hoffman - Director


LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Livedooh 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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months and one day from the date these financial statements were approved. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Livedooh Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

There are three main turnover streams: license revenue is from subscription payments for use of Livedooh Limited software; development revenue is for projects developed for customers and progmatic revenue is a revenue share based on clicks recorded by licensed software. All turnover is recognised when earned net of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.


LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Research and development
The company recognises Research and Development Tax Credits with HMRC on the receipts basis.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022 1,481,416
Additions 955,625
At 31 December 2022 2,437,041
AMORTISATION
At 1 January 2022 249,975
Charge for year 296,284
At 31 December 2022 546,259
NET BOOK VALUE
At 31 December 2022 1,890,782
At 31 December 2021 1,231,441

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 2,163,756
NET BOOK VALUE
At 31 December 2022 2,163,756
At 31 December 2021 2,163,756

Subsidiary undertakings Registered office Class of share % owned
SK Advertising Ltd 86-90 Paul Street, London, EC2A 4NE Ordinary 90
Livedooh GmbH 76131 Karlsruhe, Germany Ordinary 100
Livedooh Skopje 1000 Skopje, North Macedonia Ordinary 100
SK Technology Netherlands B.V. Reye Anslostraat 26H Amsterdam Ordinary 90
Bubble Limited 28 Ashley Lane, London, NW4 1HG Ordinary 90

Livedooh Ltd doesn't have a direct holding in SK Technology Netherlands B.V. or Bubble Limited, they are subsidiaries of SK Advertising Ltd.

LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
as restated
£    £   
Trade debtors 253,965 214,334
Amounts owed by group undertakings 210,065 321,441
Other debtors 142,092 99,595
606,122 635,370

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
as restated
£    £   
Bank loans and overdrafts 274,039 198,263
Trade creditors 65,235 57,425
Amounts owed to group undertakings 583,270 513,235
Taxation and social security 35,035 22,104
Other creditors & accruals 62,184 319,011
1,019,763 1,110,038

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
as restated
£    £   
Bank loans 162,676 212,606

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: as restated
£    £   
558,080 Ordinary £0.0001 56 55
1,377,000 Preference €1 1,240,536 1,240,536
1,240,592 1,240,591

9,193 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of 3349p per share during the year.

LIVEDOOH LTD (REGISTERED NUMBER: 11415532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

10. RELATED PARTY DISCLOSURES

During the year Livedooh Ltd had transactions with a related party; SK Advertising UK Ltd, totalling sales of £72,157 (2021: £56,000) and purchases of £76,006 (2021: £67,200). The balance owed to SK Advertising UK Ltd at year end was £300,549 (2021: £11,200).

During the year Livedooh Ltd had transactions with a related party; Bubble Advertising Ltd, totalling sales of £18,200 (2021: £7,000) and purchases of £nil (2021: £nil). The balance owed by Bubble Advertising Ltd at year end was £25,200 (2021: £7,000).

During the year Livedooh Ltd had transactions with a related party; Signkick Technology NL, totalling of sales £nil (2021: £17,741) and purchases of £41,758 (2021: £nil). The balance owed to Signkick Technology NL at year end was £24,017 (2021: £17,741 owed by Signkick Technology NL).

11. ULTIMATE CONTROLLING PARTY

The Directors believe that there is no ultimate controlling party.

12. CHARGES

A fixed and floating charge over all assets of the Company exists with HSBC UK Bank plc as a result of a debenture.

A fixed and floating charge over all assets of the Company exists with ADG Prefcap I LP as a result of an issue of loan notes.