Flix Interactive Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—5
Profit and Loss Account	6
Balance Sheet	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9—15

The directors present their strategic report for the year ended 31 December 2024.

Principal Activity

The company's principal activity during the year continued to be that of ready made interactive leisure and entertainment software development.

Review of the Business

Flix Interactive Limited is a UK-based video game development studio specialising in multi-platform development with both in-house and external capabilities. The company partners with global publishers and developers to deliver high-quality game assets, co-development support, and full-cycle development services across PC and console platforms.

Its core competencies include:

● Unreal game engine expertise

● Skilled across all core gaming platforms

● Art and animation production

● Multiplayer and backend systems

● Porting and optimisation

The company experienced good financial performance in 2024 with revenue growth of 27% year-on-year.

Key Performance Indicators (KPIs)

Revenue Growth : Increase in revenue growth by 26.90% in 2024 compared to 69.60% in 2023. Driven by new client wins and project expansion.

Operating Profit Magin : Operating profit margin is 25.30% in 2024 compared to 38.10% in 2023. Greater investment in self funded projects.

Net Profit Margin : Net profit margin is 19.40% in 2024 compared to 29% in 2023. Greater investment in self funded projects.

These KPIs are reviewed quarterly by the board to ensure alignment with strategic goals and to identify areas for improvement.

Principal Risks and Uncertainties

The studio faces several industry-wide and company-specific risks:

● Client Concentration Risk: A significant portion of revenue is derived from a small number of clients.

● Talent Retention: Skilled developers are in high demand in the industry and remote working means there are more potential alternative providers of employment.

● Technological Change: Rapid evolution in game engines and platforms requires continuous upskilling.

● Economic Conditions: Global economic uncertainty may impact client budgets and project pipelines.

● Game industry cutbacks and layoffs: Significant turbulence across the games industry continues in 2025, meaning there is a risk current projects are canned or reduced in scope

● Cybersecurity: As a digital business, the company is exposed to data breaches and IP theft.

Mitigation strategies include diversifying the client base, investing in staff development and benefits, and maintaining robust IT security protocols.

On behalf of the board

Mr Lee Harvey Snookes

Director

11/09/2025

Page 1

Page 2

Flix Interactive Limited

Company No. 07874991

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Future Developments

The company enters 2025 with a strong project pipeline. The directors remain confident in the company’s ability to grow sustainably and adapt to industry trends.

Dividends

The value of dividends paid during the year amounted to £1,000,000 (2023: £1,750,000).

Directors

The directors who held office during the year were as follows:

Mr John Mark Tearle

Mr Lee Harvey Snookes

Qualifying Third-party and Pension Scheme Indemnity Provision

The company has granted qualifying third-party indemnity provisions to its directors under section 234 of the Companies Act 2006. These indemnities were in force during the financial year and remain in force as at the date of this report.

Post Balance Sheet Events

There were no significant post balance sheet events.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 2

Page 3

Flix Interactive Limited

Directors' Report (continued)

For The Year Ended 31 December 2024

Independent Auditors

The auditors, Plus Accounting, were appointed during the year and have expressed their willingness to continue in office. A resolution to reappoint them will be proposed at the next Annual General Meeting.

On behalf of the board

Mr Lee Harvey Snookes

Director

11/09/2025

Page 3

Page 4

Independent Auditor's Report

to the Members of

Flix Interactive Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Flix Interactive Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Page 4

Page 5

Independent Auditor's Report (continued)

to the Members of

Flix Interactive Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

TBU (Senior Statutory Auditor)

for and on behalf of Plus Accounting , Statutory Auditor

11/09/2025

Plus Accounting

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

Page 5

Page 6

Flix Interactive Limited

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER	3	15,887,986	12,523,680
Cost of sales		(5,734,717 )	(3,175,797 )

GROSS PROFIT		10,153,269	9,347,883

Administrative expenses		(6,126,407 )	(4,581,059 )

OPERATING PROFIT	4	4,026,862	4,766,824
Other interest receivable and similar income	9	54,813	19,272
Interest payable and similar charges	10	(11,460 )	(10,865 )

PROFIT BEFORE TAXATION		4,070,215	4,775,231
Tax on Profit	11	(987,799 )	(1,142,336 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		3,082,416	3,632,895

The notes on pages 9 to 15 form part of these financial statements.

Page 6

Page 7

Flix Interactive Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 07874991

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		5,135		6,847
Tangible Assets	13		278,711		343,253
Investments	14		1		-

			283,847		350,100
CURRENT ASSETS
Debtors	15	2,743,249		1,845,003
Cash at bank and in hand		5,595,041		4,277,872

		8,338,290		6,122,875
Creditors: Amounts Falling Due Within One Year	16	(782,519 )		(618,793 )

NET CURRENT ASSETS (LIABILITIES)			7,555,771		5,504,082

TOTAL ASSETS LESS CURRENT LIABILITIES			7,839,618		5,854,182

Creditors: Amounts Falling Due After More Than One Year	17		-		(80,416 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(70,961 )		(87,525 )

NET ASSETS			7,768,657		5,686,241

CAPITAL AND RESERVES
Called up share capital	20		1,000		1,000
Profit and Loss Account			7,767,657		5,685,241

SHAREHOLDERS' FUNDS			7,768,657		5,686,241

On behalf of the board

Mr Lee Harvey Snookes

Director

11/09/2025

The notes on pages 9 to 15 form part of these financial statements.

Page 7

Page 8

Flix Interactive Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	1,000	3,802,346	3,803,346
Profit for the year and total comprehensive income	-	3,632,895	3,632,895

Dividends paid	-	(1,750,000)	(1,750,000)

As at 31 December 2023 and 1 January 2024	1,000	5,685,241	5,686,241


Profit for the year and total comprehensive income	-	3,082,416	3,082,416

Dividends paid	-	(1,000,000)	(1,000,000)

As at 31 December 2024	1,000	7,767,657	7,768,657

Page 8

Page 9

Flix Interactive Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Flix Interactive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07874991 . The registered office is Unit 6a Sugarbrook Court, Aston Road, Bromsgrove, Worcestershire, B60 3EX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30;
the requirements of Section 26 Share-based Payment paragraphs 26.18 (b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.4. Significant judgements and estimations

In preparing these financial statements, management has made certain judgements and estimates that affect the application of accounting policies and the amounts reported for assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions are recognised in the period in which the estimate is revised and in any future periods affected. The following are the key areas where significant judgement or estimation uncertainty exists:

(a) Capitalisation of Development Costs

The Group incurs significant expenditure in the development of new video games. Judgement is applied in determining whether the criteria for capitalisation under IAS 38 Intangible Assets are met. This includes assessing whether the project is technically feasible, commercially viable, and whether it is probable that future economic benefits will be generated. Estimation is also involved in determining the appropriate useful life over which the capitalised costs are amortised, which is based on expected game performance and market conditions.

(b) Impairment of Capitalised Development Costs

Capitalised development costs are tested for impairment when there is an indication that they may not be recoverable. This assessment requires estimates of future sales volumes, projected revenue streams, player engagement, and the expected lifecycle of the game. These forecasts involve inherent uncertainty, particularly in early-stage development or pre-release phases.

Judgement is required to determine whether deferred tax assets should be recognised, based on the likelihood of future taxable profits. This assessment is particularly relevant where the Group has carried forward tax losses from previous periods of investment or development activity.

2.5. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.6. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are development costs. Amortisation is charged at 25% reducing balance method on development costs.

Page 9

Page 10

Flix Interactive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.8. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.11. Taxation

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 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.

Page 10

Page 11

Flix Interactive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Turnover

Analysis of turnover by geographical market is as follows:

	2024	2023
	£	£
United Kingdom	12,757,288	5,427,706
Europe	503,525	280,540
North America	2,267,963	6,815,434
Asia	359,210	-

	15,887,986	12,523,680

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets	135,408	118,673
Amortisation of intangible fixed assets	1,712	2,282

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	13,500	-

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	4,612,837	3,449,986
Social security costs	460,574	330,995
Other pension costs	98,295	89,570

	5,171,706	3,870,551

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Development and Admin	138	115

	138	115

8. Directors' remuneration

	2024	2023
	£	£
Emoluments	90,000	90,000

Page 11

Page 12

Flix Interactive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	54,813	19,272

10. Interest Payable and Similar Charges

	2024	2023
	£	£
Bank loans and overdrafts	7,782	7,790
Foreign exchange charges	3,678	3,075

	11,460	10,865

11. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	25.0%	23.5%	1,004,363	1,113,803
Deferred Tax
Deferred taxation			(16,564 )	28,533


Total tax charge for the period			987,799	1,142,336


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			4,070,215	4,775,231

Tax on profit at 25% (UK standard rate)			1,017,554	1,122,179
Goodwill/depreciation not allowed for tax			34,280	28,449
Expenses not deductible for tax purposes			1,070	955
Tax losses utilised			(30,825 )	-
Capital allowances			(17,716 )	(38,762 )
Short term timing differences			-	982

Total tax charge for the period			1,004,363	1,113,803

Page 12

Page 13

Flix Interactive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	68,149

As at 31 December 2024	68,149

Amortisation
As at 1 January 2024	61,302
Provided during the period	1,712

As at 31 December 2024	63,014

Net Book Value
As at 31 December 2024	5,135

As at 1 January 2024	6,847

Amortisation is charged at 25% reducing balance method on development costs.

13. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	140,345	85,462	477,348	703,155
Additions	-	13,385	57,480	70,865

As at 31 December 2024	140,345	98,847	534,828	774,020

Depreciation
As at 1 January 2024	55,720	83,812	220,370	359,902
Provided during the period	21,156	2,791	111,460	135,407

As at 31 December 2024	76,876	86,603	331,830	495,309

Net Book Value
As at 31 December 2024	63,469	12,244	202,998	278,711

As at 1 January 2024	84,625	1,650	256,978	343,253

14. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	-
Additions	1

As at 31 December 2024	1

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

Page 13

Page 14

Flix Interactive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	-

15. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,172,377	1,599,910
Prepayments and accrued income	483,755	185,992
Staff Loan	-	2,432
Intercompany - Rogue Pioneer Ltd	87,117	56,669

	2,743,249	1,845,003

16. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	80,417	17,205
Trade creditors	48,798	19,236
Corporation tax	147,709	307,406
Other taxes and social security	141,988	105,806
VAT	299,169	115,787
Pension control account	22,998	34,558
Accruals and deferred income	4,890	17,069
Directors' loan accounts	255	250
Amounts owed to group undertakings	36,295	1,476

	782,519	618,793

17. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	80,416

18. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	80,417	17,205
Later than one year and not later than five years	-	80,416

	80,417	97,621

	80,417	97,621

Page 14

Page 15

Flix Interactive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	70,961	87,525

21. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £98,295 (2023: £89,570).

At the balance sheet date contributions of £22,998 (2023: £34,558) were due to the fund and are included in creditors.

22. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	1,000,000	1,750,000

23. Post Balance Sheet Events

There were no significant post balance sheet events (2023: none).

24. Related Party Disclosures

The company has taken advantage of the exemption in FRS 102, section 33.1A, from disclosing transactions with entities that are wholly owned within the same group.

25. Controlling Parties

The company's immediate parent undertaking is Rogue Element Holdings Limited .

The ultimate parent undertaking is Rogue Element Holdings Limited (incorporated in England & Wales). Its registered office is Unit 6b Sugarbrook Court, Aston Road, Bromsgrove, England, B60 3EX .

Copies of the group accounts may be obtained from the company's registered office.

The company's ultimate controlling party is Rogue Element Holdings Limited by virtue of their interest in the share capital of the company.

Page 15