REGISTERED NUMBER: 12230614 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BEEP! CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Lovas

J D Richards

REGISTERED OFFICE:

Capital Tower

91 Waterloo Road

London

SE1 8RT

REGISTERED NUMBER:

12230614 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Intangible assets

4

686,032

541,888

Tangible assets

5

2,255

3,521

Investments

6

39,379

32,646

727,666

578,055

CURRENT ASSETS

Debtors

7

11,581

9,593

Prepayments and accrued income

743

1,911

Cash in hand

2,713

5,359

15,037

16,863

CREDITORS

Amounts falling due within one year

8

868,821

408,579

NET CURRENT LIABILITIES

(853,784

)

(391,716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(126,118

)

186,339

CAPITAL AND RESERVES

Called up share capital

1,197,199

1,197,199

Retained earnings

(1,323,317

)

(1,010,860

)

SHAREHOLDERS' FUNDS

(126,118

)

186,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2025 and were signed on its behalf by:

J D Richards - Director

1.	STATUTORY INFORMATION

Beep! Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The Company enters into financial 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 and investments in non-puttable ordinary shares, futures and options.

Financial assets that are measured at cost and amortised cost in accordance with IFRS 9 are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

Listed fixed asset investments are carried at fair value. Revaluation gains/losses are recognised in the Income Statement. Deferred tax is provided on these gains/losses at the rate expected to apply when the investments are sold.

Unlisted fixed asset investments are stated at historical cost less any provision for impairment.

Financial assets that are measured at fair value in accordance with IFRS 9 are initially measured at fair value on the date the contract is entered in to and are subsequently measured at fair value through the Income Statement.

Futures and options are carried as assets when the fair value is positive and as liabilities when the fair value is negative.

Financial liabilities that meet the conditions in IFRS 9 are measured at amortised cost using the effective interest rate method. Financial liabilities that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. If the arrangement constitutes a financing transaction the company measures the financial liability at the present value of the future payment discounted at a market rate of interest for a similar financial liability.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Development costs are capitalised and will be amortised over the estimated useful life of the completed product once fully developed.

Foreign currencies

Transactions in foreign currencies are translated to the respective functional currency of the company at the

exchange rate at the dates of the transactions.

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents

Cash and cash equivalents comprises cash in hand and time, call and current balances with banks and similar institutions. This definition is also used for the cash flow statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

$

COST

At 1st January 2024

627,190

Additions

188,705

At 31st December 2024

815,895

AMORTISATION

At 1st January 2024

85,302

Charge for year

44,561

At 31st December 2024

129,863

NET BOOK VALUE

At 31st December 2024

686,032

At 31st December 2023

541,888

5.	TANGIBLE FIXED ASSETS

Computer

equipment

$

COST

At 1st January 2024

and 31st December 2024

6,328

DEPRECIATION

At 1st January 2024

2,807

Charge for year

1,266

At 31st December 2024

4,073

NET BOOK VALUE

At 31st December 2024

2,255

At 31st December 2023

3,521

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

$

COST

At 1st January 2024

32,646

Additions

6,733

At 31st December 2024

39,379

NET BOOK VALUE

At 31st December 2024

39,379

At 31st December 2023

32,646

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

$

Other debtors

10,733

8,575

Rent deposit

848

1,018

11,581

9,593

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

$

Trade creditors

100,344

88,683

Other creditors

2,080

2,080

Shareholders loan

766,397

317,816

868,821

408,579