Company No: 15632102 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024
		£
Fixed assets
Intangible assets	3	824
		824
Current assets
Debtors	4	1,956
Cash at bank and in hand		4,188
		6,144
Creditors: amounts falling due within one year	5	( 20,695)
Net current liabilities		(14,551)
Total assets less current liabilities		(13,727)
Net liabilities		( 13,727)
Capital and reserves
Called-up share capital	6	1
Share premium account		19,999
Profit and loss account		( 33,727 )
Total shareholders' deficit		( 13,727)

For the financial period 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 period 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 Profit and Loss Account has not been delivered.

The financial statements of Mission Inc Limited (registered number: 15632102) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr C J Addison Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Mission Inc 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 C/O Francis Clark Llp Unit 18, 23 Melville Building East, Royal William Yard, Plymouth, PL1 3GW, 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 note that the business has net liabilities of £15,995. The Company is supported through loans from Associated Companies. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Associated Companies will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met 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.

Reporting period length

During the current financial period, the company changed its accounting reference date from 30 April to 31 December in order to align with other group companies. As a result, the current period covers 9 months, from 10 April 2024 to 31 December 2024.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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:

Computer software

5 years straight line

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 January 2024	0		0
Additions	852		852
At 31 December 2024	852		852
Accumulated amortisation
At 01 January 2024	0		0
Charge for the financial period	28		28
At 31 December 2024	28		28
Net book value
At 31 December 2024	824		824

4. Debtors

	2024
	£
Other debtors	1,956

5. Creditors: amounts falling due within one year

	2024
	£
Amounts owed to directors	913
Accruals	1,800
Other creditors	17,982
	20,695

6. Called-up share capital

	2024
	£
Allotted, called-up and fully-paid
200 Ordinary A shares of £ 0.005 each	1.00
9,800 Ordinary B shares of £ 0.00004 each	0.39
	1.39

The company was incorporated on 10 April 2024 with an issued share capital of 1 Ordinary share of £1.00.

On 30 September 2024, the 1 Ordinary share of £1.00 was subdivided into 200 Ordinary shares of £0.005 each and reclassified as 200 Ordinary A shares of £0.005 each. On the same date, the company allotted 9,800 Ordinary B shares of £0.00004 each, fully paid.

As at the reporting date, the issued share capital of the company was as detailed above.