ACCOUNTS - Final Accounts preparation

Registered number: 12272876 (England and Wales)

Q&A MEDIA UK LTD

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


Q&A MEDIA UK LTD

COMPANY INFORMATION

Director	T L Carter


Registered number	12272876


Registered office	Birchin Court
	5th Floor
	19-25 Birchin Lane
	London
	United Kingdom
	EC3V 9DU


Accountants	ZEDRA Corporate Reporting Services (UK) Limited


Q&A MEDIA UK LTD

CONTENTS

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


Q&A MEDIA UK LTD REGISTERED NUMBER:12272876

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	-		270
Cash at bank and in hand		-		12,755
		-		13,025
Creditors: amounts falling due within one year	4	(2,702)		(15,283)
Net current liabilities			(2,702)		(2,258)
Total assets less current liabilities			(2,702)		(2,258)

Net liabilities			(2,702)		(2,258)

Page 1


Q&A MEDIA UK LTD REGISTERED NUMBER:12272876

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Capital and reserves
Called up share capital		1	1
Profit and loss account	5	(2,703)	(2,259)
		(2,702)	(2,258)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T L Carter

Director

Date: 8 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


Q&A MEDIA UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

1.2

Going concern

In the prior year, the Company ceased trading and became dormant. As a result, these financial statements are prepared on a basis other than the going concern basis.

1.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover is recognised in line with the intercompany service arrangement with the parent company, equal to costs, excluding share based payment expenses. Intercompany turnover is recognised when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the intercompany service arrangement; and

∙the costs incurred under the intercompany service arrangement can be measured reliably.

1.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


Q&A MEDIA UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.5

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

1.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

1.9

Creditors

Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

Page 4


Q&A MEDIA UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 3).

Debtors

					2024	2023
					£	£


Other debtors	-	270
	-	270

4.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	2,702	14,511
Corporation tax	-	772
	2,702	15,283

5.	Capital contribution reserve

Certain employees of the Company had been granted options over the shares in the parent company, Q&A Holdings Inc. The options were granted at an independently determined fair value and 25% of the options were exercisable one year after the date of grant, with vesting continuing monthly for 3 years thereafter.
An expense equivalent to the fair value of the share options granted was recognised evenly over the vesting period with a corresponding amount being recognised in the capital contribution reserve.
In the prior year, all the employees of the company were terminated when the entity ceased trading and became dormant and as such the share option plan was cancelled, resulting in the reversal of the historic expense through the Statement of Comprehensive Income.

6.	Controlling party

Q&A Holdings Inc. is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 10317 Washington Blvd, Culver City, California 90232, USA.

Page 5


Q&A MEDIA UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date that these financial statements were approved.

Page 6