Company No: 09770260 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Mr D R Roberts
	Mrs N Roberts

Registered office	Unit 11 Chartwell Business Centre
	42 Chartwell Road
	Lancing
	West Sussex
	BN15 8FB
	United Kingdom

Company number

09770260 (England and Wales)

Chartered accountants	Kreston Reeves LLP
	Nile House
	Nile Street
	Brighton
	East Sussex
	BN1 1HW
	United Kingdom

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flare Audio Technologies Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Flare Audio Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flare Audio Technologies Limited. You consider that Flare Audio Technologies Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Flare Audio Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Flare Audio Technologies Limited, as a body, in accordance with the terms of our engagement letter dated 26 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Flare Audio Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Flare Audio Technologies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flare Audio Technologies Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

Nile House
Nile Street
Brighton
East Sussex
BN1 1HW
United Kingdom

29 September 2025

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	314,297		259,097
Investments	4	1		1
		314,298		259,098
Current assets
Debtors	5	556,043		607,373
Cash at bank and in hand		68		68
		556,111		607,441
Creditors: amounts falling due within one year	6	( 30,077)		( 29,957)
Net current assets		526,034		577,484
Total assets less current liabilities		840,332		836,582
Net assets		840,332		836,582
Capital and reserves
Called-up share capital	8	185		185
Share premium account		849,915		849,915
Profit and loss account		( 9,768 )		( 13,518 )
Total shareholders' funds		840,332		836,582

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Flare Audio Technologies Limited (registered number: 09770260) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mr D R Roberts 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

Flare Audio Technologies 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 Unit 11 Chartwell Business Centre, 42 Chartwell Road, Lancing, West Sussex, BN15 8FB, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Trademarks, patents and licences

10 years straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 January 2024	379,193		379,193
Additions	87,211		87,211
At 31 December 2024	466,404		466,404
Accumulated amortisation
At 01 January 2024	120,096		120,096
Charge for the financial year	32,011		32,011
At 31 December 2024	152,107		152,107
Net book value
At 31 December 2024	314,297		314,297
At 31 December 2023	259,097		259,097

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	1
At 31 December 2024	1
Carrying value at 31 December 2024	1
Carrying value at 31 December 2023	1

Investments in shares

Name of entity	Registered office	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023	Held
Flare Audio Limited	Unit 11 Chartwell Business Centre, 42 Chartwell Road, Lancing, West Sussex, United Kingdom, BN15 8FB	Ordinary	100.00%	100.00%	Direct

The capital and reserves and the loss of the subsidiary undertaking was as follows:

	Capital and reserves at 2024	Loss for the year ended 2024
	£	£
Flare Audio Limited	496,003	(362,090)

5. Debtors

	2024		2023
	£		£
Amounts owed by fellow subsidiaries	552,762		602,842
Deferred tax asset	3,256		4,506
Other debtors	25		25
	556,043		607,373

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Accruals	2,400		2,280
Other creditors	27,677		27,677
	30,077		29,957

7. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	4,506		5,756
Charged to the Statement of Income and Retained Earnings	( 1,250)		( 1,250)
At the end of financial year	3,256		4,506

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Tax losses carry forward	3,256		4,506

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
18,460 Ordinary shares of £ 0.01 each	185		185

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Due to Director- Mr D R Roberts	1,000		1,000
Due to Director- Mrs N Roberts	1,025		1,025

The unsecured loan was interest free and repayable on demand.

The company is taking advantage of the group exemption FRS102 S1a not to disclose group transactions.