Digit Places Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13863363

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,535		-

			1,535		-
CURRENT ASSETS
Debtors	5	13,911		-
Cash at bank and in hand		123,974		100

		137,885		100
Creditors: Amounts Falling Due Within One Year	6	(2,992,258 )		-

NET CURRENT ASSETS (LIABILITIES)			(2,854,373 )		100

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,852,838 )		100

Creditors: Amounts Falling Due After More Than One Year	7		(428,119 )		-

NET (LIABILITIES)/ASSETS			(3,280,957 )		100

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(3,281,057 )		-

SHAREHOLDERS' FUNDS			(3,280,957)		100

Page 1

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Digit Places Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Vladyslav Selitbovskyi

Director

29/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Digit Places Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13863363 . The registered office is 19, Eastbourne Terrace, London, W2 6LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Research and Development

Expenditure on research and development is recognised as an expense in the period in which it is incurred.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Straight Line
Computer Equipment	50% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 5 (2024: NIL)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	-	-	-
Additions	999	1,572	2,571

As at 31 January 2025	999	1,572	2,571

Depreciation
As at 1 February 2024	-	-	-
Provided during the period	250	786	1,036

As at 31 January 2025	250	786	1,036

...CONTINUED

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Digit Places Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	749	786	1,535

As at 1 February 2024	-	-	-

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	9,571	-
VAT	4,340	-

	13,911	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,860	-
Other creditors	2,979,975	-
Taxation and social security	1,423	-

	2,992,258	-

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	428,119	-

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. One-off transaction – acquisition of intellectual property

During the year ended 31 January 2025 the company acquired the Places App intellectual property from KMA Tech Holding Limited, a company under common control of the same director and shareholder.

The transaction was undertaken on normal market terms for total consideration of £2,980,075 and represents a one-off restructuring event.

Costs associated with the acquisition have been recognised within the relevant expense categories in the profit and loss account.

The transaction was settled through the director’s loan account.

Under a Deed of Variation, further qualifying costs incurred by KMA Tech Holding Limited after the year-end will be recognised by the company as Additional Consideration in the period in which the amounts are confirmed.

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