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Company No: 11867360 (England and Wales)

# OM MOBILE VENTURES (UK) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

OM MOBILE VENTURES (UK) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

OM MOBILE VENTURES (UK) LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
OM MOBILE VENTURES (UK) LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 4,747,621 |  | 4,750,086
Tangible assets | 4 | 1,073 |  | 10,700
|  | 4,748,694 |  | 4,760,786
Current assets |  |  |  |
Debtors | 5 | 714,928 |  | 352,446
Cash at bank and in hand | 6 | 2,951 |  | 7,039
|  | 717,879 |  | 359,485
Creditors: amounts falling due within one year | 7 | ( 610,101) |  | ( 551,764)
Net current assets/(liabilities) |  | 107,778 |  | (192,279)
Total assets less current liabilities |  | 4,856,472 |  | 4,568,507
Creditors: amounts falling due after more than one year | 8 | ( 10,463,826) |  | ( 8,799,413)
Net liabilities |  | ( 5,607,354) |  | ( 4,230,906)
Capital and reserves |  |  |  |
Called-up share capital | 9 | 180 |  | 180
Profit and loss account |  | ( 5,607,534 ) |  | ( 4,231,086 )
Total shareholders' deficit |  | ( 5,607,354) |  | ( 4,230,906)

For the financial year ending 31 March 2025 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 OM Mobile Ventures (UK) Limited (registered number: 11867360) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S Varma Director |

07 October 2025

OM MOBILE VENTURES (UK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
OM MOBILE VENTURES (UK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

OM Mobile Ventures (UK) 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 Office 9 60 Windsor Avenue, London, SW19 2RR, 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 Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors acknowledge the fact that as at financial year end the balance sheet was reflecting negative reserves, indicating that the company's liabilities exceed its assets. Despite this, the directors have assessed the company's financial position, and they have determined that the company will be able to meet its obligations as they fall due for at least the next 12 months. The parent company has committed to providing additional financial support to ensure the company's continued operation where needed.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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 Statement of Financial Position 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.

Other intangible assets | 7 years straight line

###### Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

##### Ordinary share capital

The ordinary share capital of the company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 13 |  | 13

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 6,145,294 |  | 6,145,294
Additions | 875,434 |  | 875,434
At 31 March 2025 | 7,020,728 |  | 7,020,728
Accumulated amortisation |  |  |
At 01 April 2024 | 1,395,208 |  | 1,395,208
Charge for the financial year | 877,898 |  | 877,898
At 31 March 2025 | 2,273,107 |  | 2,273,107
Net book value |  |  |
At 31 March 2025 | 4,747,621 |  | 4,747,621
At 31 March 2024 | 4,750,086 |  | 4,750,086

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 69,369 |  | 69,369
At 31 March 2025 | 69,369 |  | 69,369
Accumulated depreciation |  |  |
At 01 April 2024 | 58,669 |  | 58,669
Charge for the financial year | 9,627 |  | 9,627
At 31 March 2025 | 68,296 |  | 68,296
Net book value |  |  |
At 31 March 2025 | 1,073 |  | 1,073
At 31 March 2024 | 10,700 |  | 10,700

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 415,503 |  | 0
Corporation tax | 236,105 |  | 340,380
Other debtors | 63,320 |  | 12,066
| 714,928 |  | 352,446

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 2,951 |  | 7,039

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 402,037 |  | 412,517
Other taxation and social security | 24,907 |  | 24,026
Other creditors | 183,157 |  | 115,221
| 610,101 |  | 551,764

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to parent undertakings | 10,463,826 |  | 8,799,413

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
180 Ordinary shares of £ 1.00 each | 180 |  | 180

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Other debtors | 0 |  | 5,320

Included within other debtors is an amount of £Nil (2024: £5,320) due from the directors. The balance is unsecured, interest free and repayable on demand.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Other creditors (more than one year) | 10,463,826 |  | 8,799,413
Other creditors (less than one year) | 12,804 |  | 492

Included within other creditors due after one year is an amount of £10,463,826 (2024: £8,799,413) owed to the Parent company, OM Mobile Ventures.
Included within other creditors due less than one year, is an amount of £12,804 (2024: £492) due to the directors of the company. The balances are unsecured, interest free and repayable upon demand.