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Registered number: 12403673 DIRECT MARKET ACCESS UK LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
DIRECT MARKET ACCESS UK LTD REGISTERED NUMBER: 12403673 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 200,000 |  | 50,000
|  |  | 200,000 |  | 50,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 363 |  | 61,836 |
Cash at bank and in hand | 6 | 2,950 |  | 607 |
Current liabilities |  | 3,313 |  | 62,443 |
Creditors: amounts falling due within one year | 7 | (191,716) |  | (20,962) |
Net current (liabilities)/assets |  |  | (188,403) |  | 41,481
Total assets less current liabilities |  |  | 11,597 |  | 91,481
Net assets |  |  | 11,597 |  | 91,481
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1 |  | 1
Profit and loss account |  |  | 11,596 |  | 91,480
|  |  | 11,597 |  | 91,481
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:
R J Willers
Director
Date: 7 October 2025
The notes on pages 3 to 7 form part of these financial statements. Page 1
DIRECT MARKET ACCESS UK LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 July 2024 | 1 | 91,480 | 91,481
Loss for the year | - | (79,884) | (79,884)
Total comprehensive income for the year | - | (79,884) | (79,884)
At 30 June 2025 | 1 | 11,596 | 11,597
| The notes on pages 3 to 7 form part of these financial statements.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 July 2023 | 1 | 57,110 | 57,111
Profit for the year | - | 34,370 | 34,370
Total comprehensive income for the year | - | 34,370 | 34,370
At 30 June 2024 | 1 | 91,480 | 91,481
| The notes on pages 3 to 7 form part of these financial statements.
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DIRECT MARKET ACCESS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Direct Market Access UK Ltd is a private company, limited by share capital and incorporated in England and Wales. The registered office of the Company is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, England, RG19 6AB. The principal activity of the business is Financial intermediation & Fund management activities. 2.Accounting policies
| 2.1 | 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:
| 2.2 | Going concern
At the balance sheet date the Company had net assets of £11,597 (2024: £91,481) and made a loss for the year of £78,884 (2024: profit of £34,370). The Directors have considered the appropriateness of the going concern basis of preparation of the financial statements taking into account: - The Company's financial performance and current financial position - Future trading prospects - The continued support provided by the parent company SCM DMA (Pty) Ltd The Directors have concluded that, whilst mindful of inherent uncertainties, they are confident that the Company has sufficient financial resources and support from the parent company to continue operating as a going concern for the foreseeable future and, accordingly, have concluded that it remains appropriate to prepare the financial statements on a going concern basis. In reaching this conclusion, the Directors have considered a period of not less than 12 months from the date of approving these financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 3
DIRECT MARKET ACCESS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | 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.
| 2.7 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 4
DIRECT MARKET ACCESS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 3 | 3
4. | Fixed asset investments
|  | Investments in subsidiary
|  | £
| Cost or valuation |
| At 1 July 2024 | 50,000
| Additions | 150,000
| At 30 June 2025 | 200,000
| Subsidiaries
| The following is a subsidiary of the Company:
| Name | Registered office | Class of shares | Holding
| DMA Moneybetter Limited | Unit 2.04 53 Duke Street, London, United Kingdom, W1K 5NR | Ordinary | 100%
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | - | 58,008
| Prepayments and accrued income | 363 | 3,828
|  | 363 | 61,836
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DIRECT MARKET ACCESS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,950 | 607
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 1,158
| Amounts owed to group undertakings | 178,550 | -
| Corporation tax | - | 8,704
| Accruals and deferred income | 13,166 | 11,100
|  | 191,716 | 20,962
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) ordinary shares of £0.01 each | 1 | 1
9. | Commitments under operating leases
| At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | - | 21,600
|  | - | 21,600
10. | Related party transactions
| As a wholly owned subsidiary, the Company is exempt from disclosing transactions with 100% owned members of the group headed by SCM DMA (Pty) Ltd in accordance with FRS102 paragraph 33.1A.
11. | Controlling party
The ultimate parent company of Direct Market Access UK Ltd is SCM DMA (Pty) Ltd. The registered office of SCM DMA (Pty) Ltd is 48 Seventh Ave, Parktown North, Johannesburg, South Africa, 2193. Page 6
DIRECT MARKET ACCESS UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Auditors' information
The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified. The audit report was signed on 8 October 2025 by Alan Poole BA (Hons) FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.
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