Web App Hacker Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Web App Hacker Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09514716 . The registered office is Round Oak, 18 Woodstock Road, Carshalton, Surrey, SM5 3DZ.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Freehold	5% Straight line
Motor Vehicles	20% Straight line
Fixtures & Fittings	20% Reducing balance
Computer Equipment	33% Straight line

2.4. Investment Properties

All investment properties are reviewed annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. The directors have agreed that the investment property for the holiday let property is valued at cost until the property starts to generate income. It is expected that the holiday let property will be let out for rental income in the next financial year.

2.5. 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 year 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.

...CONTINUED

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Web App Hacker Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

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 asset reflects 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Government Assistance

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

Web App Hacker Ltd received a Government Plug-in Grant of £3,000 towards the purchase of a vehicle. This is recognised in the profit and loss account on a 20% straight line basis in accordance with the useful life of the vehicle.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Investment Properties	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	57,372	718,182	51,990	21,127
Additions	-	-	-	-

As at 31 March 2025	57,372	718,182	51,990	21,127

Depreciation
As at 1 April 2024	5,253	-	41,592	8,611
Provided during the period	2,737	-	10,398	2,503

As at 31 March 2025	7,990	-	51,990	11,114

Net Book Value
As at 31 March 2025	49,382	718,182	-	10,013

As at 1 April 2024	52,119	718,182	10,398	12,516

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Web App Hacker Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	13,641	862,312
Additions	1,905	1,905

As at 31 March 2025	15,546	864,217

Depreciation
As at 1 April 2024	10,725	66,181
Provided during the period	3,054	18,692

As at 31 March 2025	13,779	84,873

Net Book Value
As at 31 March 2025	1,767	779,344

As at 1 April 2024	2,916	796,131

5. Investments

	Joint Ventures	Unlisted	Total
	£	£	£
Cost
As at 1 April 2024	40,000	1,010,000	1,050,000

As at 31 March 2025	40,000	1,010,000	1,050,000

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	40,000	1,010,000	1,050,000

As at 1 April 2024	40,000	1,010,000	1,050,000

The investment is the cost of shares held in the company MD Sec Consulting Ltd.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,113	-
Prepayments and accrued income	1,000	-
Directors' loan accounts	-	205,588
Amounts owed by other participating interests	12,000	1,666,000

	16,113	1,871,588

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Web App Hacker Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,509	-
VAT	3,933	2,817
Accruals and deferred income	900	900
Directors' loan accounts	2,442	-

	8,784	3,717

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Marcus Pinto	205,588	-	-	-	-

The above loan is unsecured, interest free and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		779,344		796,131
Investments	5		1,050,000		1,050,000

			1,829,344		1,846,131
CURRENT ASSETS
Debtors	6	16,113		1,871,588
Cash at bank and in hand		273,515		1,237,332

		289,628		3,108,920
Creditors: Amounts Falling Due Within One Year	7	(8,784 )		(3,717 )

NET CURRENT ASSETS (LIABILITIES)			280,844		3,105,203

TOTAL ASSETS LESS CURRENT LIABILITIES			2,110,188		4,951,334

NET ASSETS			2,110,188		4,951,334

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			2,109,988		4,951,134

SHAREHOLDERS' FUNDS			2,110,188		4,951,334