Company No: 08757407 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr Santosh Jain

REGISTERED OFFICE	16 Upper Woburn Place
	United Kingdom

COMPANY NUMBER

08757407 (England and Wales)

AUDITOR	Hazlewoods LLP
	Statutory Auditor
	Windsor House
	Bayshill Road
	Cheltenham
	GL50 3AT

	Note	31.12.2024		31.12.2023
		£		£
Fixed assets
Intangible assets	3	386,834		275,759
Tangible assets	4	371		464
Investments	5	4,823,673		2,479,428
		5,210,878		2,755,651
Current assets
Debtors	6	430,376		520,687
Cash at bank and in hand	7	5,947,201		7,258,014
		6,377,577		7,778,701
Creditors: amounts falling due within one year	8	( 850,485)		( 681,437)
Net current assets		5,527,092		7,097,264
Total assets less current liabilities		10,737,970		9,852,915
Net assets		10,737,970		9,852,915
Capital and reserves
Called-up share capital	9	10		10
Fair value reserve		236,159		56,149
Profit and loss account		10,501,801		9,796,756
Total shareholder's funds		10,737,970		9,852,915

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mediacle Limited (registered number: 08757407) were approved and authorised for issue by the Director on 04 September 2025. They were signed on its behalf by:

Mr Santosh Jain Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mediacle Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 16 Upper Woburn Place, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Turnover

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Taxation

Current tax
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible
temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available
to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs	10 years straight line
Other intangible assets	10 years straight line

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

20 % reducing balance

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments in Subsidiaries

Investments are stated at cost less any provision for impairment. Investment in LLP's, where control is held, are treated as subsidiary undertakings.

Other investments - Convertible Loan Notes

Convertible loan notes are classified as non-basic financial instruments. initially recognised at fair value, with subsequent fair value (and any related foreign-exchange) movements recognised in profit or loss. Any coupon interest is recognised in profit or loss as it accrues. On conversion, the carrying amount is reclassified to investments with no gain or loss; on redemption/disposal, any gain or loss is recognised in profit or loss.

Intangible fixed assets - Digital Assets

The Company holds Digital Assets equal to the amount due to holders of Digital Securities solely for the purposes of meeting its obligations under the Digital Securities. Digital Assets are priced on a daily basis based on the amount of the Digital Assets held using the relevant Quoted Price, and is considered to be the fair value of the Digital Assets. Digital Assets are included at cost less accumulated amortisation. Subsequent measurement is carried out using the revaluation model.

2. Employees

	31.12.2024		31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Website costs		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2024	70,000		249,450		319,450
Additions	0		131,836		131,836
Revaluations	0		180,010		180,010
Disposals	0		( 172,937)		( 172,937)
At 31 December 2024	70,000		388,359		458,359
Accumulated amortisation
At 01 January 2024	14,000		29,691		43,691
Charge for the financial year	7,000		20,834		27,834
Rounding difference	0		0		0
At 31 December 2024	21,000		50,525		71,525
Net book value
At 31 December 2024	49,000		337,834		386,834
At 31 December 2023	56,000		219,759		275,759

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 January 2024	3,173		3,173
At 31 December 2024	3,173		3,173
Accumulated depreciation
At 01 January 2024	2,709		2,709
Charge for the financial year	93		93
At 31 December 2024	2,802		2,802
Net book value
At 31 December 2024	371		371
At 31 December 2023	464		464

5. Fixed asset investments

Investments in subsidiaries

	31.12.2024
	£
Cost
At 01 January 2024	2,479,428
At 31 December 2024	2,479,428
Carrying value at 31 December 2024	2,479,428
Carrying value at 31 December 2023	2,479,428

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mediacle Technologies LLP
Registered office: India
Nature of business: Website Design/Development
Class of shares: LLP Member
Holding (%) : 99.99

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	0		0
Additions	2,344,245		2,344,245
At 31 December 2024	2,344,245		2,344,245
Carrying value at 31 December 2024	2,344,245		2,344,245
Carrying value at 31 December 2023	0		0

6. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	75,392		71,472
Other debtors	354,984		449,215
	430,376		520,687

7. Cash and cash equivalents

	31.12.2024		31.12.2023
	£		£
Cash at bank and in hand	5,947,201		7,258,014

8. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	651,813		34,479
Amounts owed to Group undertakings	0		102,417
Taxation and social security	103,411		380,963
Other creditors	95,261		163,578
	850,485		681,437

9. Called-up share capital

	31.12.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each	10		10

10. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was unqualified.

The audit report was signed by Martin Howard on behalf of Hazlewoods LLP.

11. Ultimate controlling party

Parent Company:

The company's immediate and ultimate parent is Mediacle Group AB (Publ), incorporated in Sweden.

Po Box 16416, 10 327 Stockholm, Sweden