REGISTERED NUMBER: 13790033 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LIVEOLOGY DIGITAL MEDIA UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr X Yan

REGISTERED OFFICE:

79-80 Blackfriars Road

London

SE1 8HA

REGISTERED NUMBER:

13790033 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

31,389

20,811

CURRENT ASSETS

Debtors

5

406,609

14,282

Cash at bank

62,852

94,897

469,461

109,179

CREDITORS

Amounts falling due within one year

6

(269,852

)

(56,466

)

NET CURRENT ASSETS

199,609

52,713

TOTAL ASSETS LESS CURRENT LIABILITIES

230,998

73,524

PROVISIONS FOR LIABILITIES

7

(7,847

)

(3,954

)

NET ASSETS

223,151

69,570

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

223,051

69,470

SHAREHOLDERS' FUNDS

223,151

69,570

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

Mr X Yan - Director

1.	STATUTORY INFORMATION

Liveology Digital Media UK 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

20,066

12,446

32,512

Additions

-

21,041

21,041

At 31 December 2024

20,066

33,487

53,553

DEPRECIATION

At 1 January 2024

6,419

5,282

11,701

Charge for year

3,412

7,051

10,463

At 31 December 2024

9,831

12,333

22,164

NET BOOK VALUE

At 31 December 2024

10,235

21,154

31,389

At 31 December 2023

13,647

7,164

20,811

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,937

-

Amounts owed by group undertakings

133

-

Other debtors

402,539

14,282

406,609

14,282

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

11,401

131

Amounts owed to group undertakings

164,359

-

Taxation and social security

71,627

45,231

Other creditors

22,465

11,104

269,852

56,466

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

7,847

3,954

Deferred

tax

£

Balance at 1 January 2024

3,954

Charge to Income Statement during year

3,893

Balance at 31 December 2024

7,847

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Liveology International Limited.

10.	PENSION COMMITMENTS

The company makes contributions to a defined contribution pension scheme on behalf of its employee and directors. At the year end, employer contributions of £2,011 (2023: £1,786) were outstanding and are included in creditors.