REGISTERED NUMBER: 07022390 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

STREAMHUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

A Tsuchiya

J R West

M Watanabe

Registered office:

Spaces Epworth House

25 City Road

Shoreditch

London

EC1Y 1AA

Registered number:

07022390 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

2,261

1,033

Tangible assets

5

8,054

11,075

Investments

6

97

97

10,412

12,205

Current assets

Debtors

7

256,194

561,110

Cash at bank

171,210

35,927

427,404

597,037

Creditors

Amounts falling due within one year

8

39,657

80,513

Net current assets

387,747

516,524

Total assets less current liabilities

398,159

528,729

Creditors

Amounts falling due after more than one year

9

-

1,748

Net assets

398,159

526,981

Capital and reserves

Called up share capital

11

210

210

Share premium

75,089

75,089

Other reserves

105,511

104,168

Retained earnings

217,349

347,514

Shareholders' funds

398,159

526,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

A Tsuchiya - Director

1.	Statutory information

Streamhub Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due, and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Streamhub Limited 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Share based payments have been made to employees of the company. The fair value of any vested share options is recognised in the income statement. The fair value of share options is estimated using the Black-Scholes model. The fair value of the ordinary shares in issue at the date of granting the options is used as an input to the model.

Turnover

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

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.

Intellectual Property is being written off in equal annual instalments over its estimated economic life of 5 years.

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

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 5 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Tax credits shown on the income statement represent tax credits received or receivable from HMRC as a result of claims made under HMRC's R&D tax relief schemes.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

The company makes claims under the SME R&D tax relief scheme. Tax credits arising from claims under the SME R&D tax relief scheme are reflected as a reduction in the Corporation Tax charge or, if loss-making, as a Corporation Tax credit. Tax credits received or receivable from R&D claims are recognised in the reporting period in which the qualifying expenditure is incurred.

Foreign currencies

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

At each reporting year-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 the year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.

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

The company operates an equity-settled compensation plan. The fair value of the services received in exchange for the grant of the options is recognised as an expense in the income statement. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each statement of financial position date, the entity revises its estimates of the number of options that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the income statement. The credit entry is taken to reserves because the share options are equity-settled.

3.	Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4.	Intangible fixed assets

Intellectual

property

£

Cost

At 1 January 2024

8,009

Additions

1,504

At 31 December 2024

9,513

Amortisation

At 1 January 2024

6,976

Amortisation for year

276

At 31 December 2024

7,252

Net book value

At 31 December 2024

2,261

At 31 December 2023

1,033

5.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 January 2024

38,368

4,857

43,225

Additions

4,189

-

4,189

At 31 December 2024

42,557

4,857

47,414

Depreciation

At 1 January 2024

28,244

3,906

32,150

Charge for year

6,337

873

7,210

At 31 December 2024

34,581

4,779

39,360

Net book value

At 31 December 2024

7,976

78

8,054

At 31 December 2023

10,124

951

11,075

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

97

Net book value

At 31 December 2024

97

At 31 December 2023

97

7.

Debtors: amounts falling due within one year

2024

2023

as restated

£

£

Trade debtors

114,848

213,258

Amounts owed by group undertakings

-

11,502

Other debtors

141,346

336,350

256,194

561,110

Amounts owed by group undertakings are unsecured, non-interest bearing and repayable on demand.

8.

Creditors: amounts falling due within one year

2024

2023

as restated

£

£

Bank loans and overdrafts

-

1,198

Trade creditors

22,389

57,391

Taxation and social security

10,020

13,264

Other creditors

7,248

8,660

39,657

80,513

9.

Creditors: amounts falling due after more than one year

2024

2023

as restated

£

£

Bank loans

-

1,748

10.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

as restated

£

£

Within one year

11,484

-

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

209,540

Ordinary

0.001

210

210

12.	Related party disclosures

During the year, intercompany recharges amounting to £204,530 (2023: £135,457) were made with Five Cool Consulting Limited, a related party based in Japan. As at the year-end, a balance of £1,372 was owed to Five Cool Consulting Limited (2023: £9,423) was owed from Five Cool Consulting Limited.

Additionally, at the year-end, a balance of £nil was owed to Streamhub India Private Limited (2023: £2,079) owed from Streamhub India Private Limited, a subsidiary in the group.

13.	Share-based payment transactions

The company operates an EMI-qualifying share option scheme. As at the year-end the company granted 47,057 (2023: 45,381) EMI qualifying share options at an average weighted exercise price of £1.038 per share (2023: £1.028). At the statement of financial position date, 41,575 share options vested (2023: 40,054), 1,022 lapsed (2023: 0), and 15,500 options were exercised (2023: 15,500).

The company also operates an unapproved share option scheme. As at the year-end the company granted 9,439 (2023: 3,346) unapproved share options to contractors at an average weighted exercise price of £0.833 per share (2023: £0.01). At the statement of financial position date, 5,221 share options vested (2023: 3,152), 0 lapsed (2023: 0), and 1,000 options were exercised (2023: 1,000).

The share options generally vest over a 4 year period with a 1 year cliff and are exercisable over the company's Ordinary shares.