| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| LIVEDOOH LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| LIVEDOOH LTD |
| LIVEDOOH LTD (REGISTERED NUMBER: 11415532) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LIVEDOOH LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Herschel House |
| 58 Herschel Street |
| Slough |
| Berkshire |
| SL1 1PG |
| LIVEDOOH LTD (REGISTERED NUMBER: 11415532) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| as restated |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| LIVEDOOH LTD (REGISTERED NUMBER: 11415532) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| as restated |
| Notes | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium |
| Capital redemption reserve |
| Merger reserve |
| Other reserves |
| Share option reserve | 10 |
| Retained earnings | ( |
) | 412,112 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| LIVEDOOH LTD (REGISTERED NUMBER: 11415532) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Livedooh Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 Ltd 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. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less impairment. |
| 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 2024 |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Share-based payments |
| Equity settled transactions are awards of shares, or options over shares, that are provided to subcontractors in exchange for the rendering of services. |
| The cost of equity settled transactions is recognised as an expense with a corresponding increase in equity over the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LIVEDOOH LTD (REGISTERED NUMBER: 11415532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| AMORTISATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Subsidiary undertakings | Registered office | Class of share | % owned |
| SK Advertising Ltd | 86-90 Paul Street, London, EC2A 4NE | Ordinary | 86.2 |
| 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 | 86.2 |
| Bubble Limited | 28 Ashley Lane, London, NW4 1HG | Ordinary | 86.2 |
| LDSK LLC | 1012 Venetian Ct, Cary, NC 27518 | Ordinary | 100 |
| 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 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| as restated |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| as restated |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors & accruals |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| as restated |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | as restated |
| £ | £ |
| Ordinary | £0.0001 | 57 | 57 |
| Preference | €1 | 1,240,536 | 1,240,536 |
| 1,240,593 | 1,240,593 |
| LIVEDOOH LTD (REGISTERED NUMBER: 11415532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 10. | RESERVES |
| Share |
| option |
| reserve |
| £ |
| At 1 January 2024 |
| Share option expense | 22,889 |
| At 31 December 2024 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year Livedooh Ltd had transactions with a related party; SK Advertising UK Ltd. The balance owed to SK Advertising UK Ltd at year end was £126,634 (2023: £145,839). |
| During the year Livedooh Ltd had transactions with a related party; The balance owed by Bubble Advertising Ltd at year end was £25,368 (2023: £25,200). |
| During the year Livedooh Ltd had transactions with a related party; The balance owed by Livedooh GmbH Ltd at year end was £54,681 (2023: £222,778). |
| During the year Livedooh Ltd had transactions with a related party; The balance owed to Signkick Technology NL at year end was £136,717 (2023: £73,975). |
| 12. | ULTIMATE CONTROLLING PARTY |
| The Directors believe that there is no ultimate controlling party. |
| 13. | 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. |