ACCOUNTS - Final Accounts preparation

Registered number: 14144354

WEMATCH.LIVE FS LTD

AUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

WEMATCH.LIVE FS LTD

REGISTERED NUMBER: 14144354

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	5		253,797		-
Tangible assets	6		842		-
			254,639		-
Current assets
Debtors: amounts falling due within one year	7	18,703		100
Cash at bank and in hand	8	100,542		-
		119,245		100
Creditors: amounts falling due within one year	9	(352,500)		-
Net current (liabilities)/assets			(233,255)		100
Total assets less current liabilities			21,384		100

Net assets			21,384		100

Capital and reserves
Called up share capital	100	100
Profit and loss account	21,284	-
	21,384	100

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WEMATCH.LIVE FS LTD

REGISTERED NUMBER: 14144354

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

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 income and retained earnings 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:

................................................ David Raccat	................................................ Guillaume Tellez-Le Roux
Director	Director

Date: 31 October 2025	Date:31 October 2025

The notes on pages 3 to 11 form part of these financial statements.

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

WeMatch.Live FS Ltd is a private limited company incorporated in England and Wales.
The company's registered number is 14144354.
The company's principal address is 25 North Row, London, United Kingdom, W1K 6DJ.

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

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.

2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Pensions

Defined contribution pension plan

The Company contributes into a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

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.

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Development expenditure

years

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

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.

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

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.

2.12

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.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Intangible assets

		Development expenditure
		£
	Cost
	Additions - internal	258,307
	At 31 December 2024	258,307
	Amortisation
	Charge for the year on owned assets	4,510
	At 31 December 2024	4,510
	Net book value
	At 31 December 2024	253,797
	At 31 December 2023	-

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	889
	At 31 December 2024	889
	Depreciation
	Charge for the year on owned assets	47
	At 31 December 2024	47
	Net book value
	At 31 December 2024	842
	At 31 December 2023	-

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	100
Other debtors	5,326	-
Prepayments and accrued income	13,377	-
	18,703	100

8.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	100,542	-
	100,542	-

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	282,053	-
Corporation tax	25,718	-
Other taxation and social security	36,209	-
Other creditors	3,720	-
Accruals and deferred income	4,800	-
	352,500	-

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Share-based payments
	WeMatch.Live FS Ltd operates an equity-settled share based remuneration scheme for employees and directors. The share options have the following performance conditions: - each option granted is based upon the individual performance of the employee and length of service; 18,000 share options had fully vested as at the balance sheet date. A pro-rata calculation of the options with respect to their vesting dates were made for the period in question to determine the charge for the year. The total number of share options in the pool as at 31 December 2024 was 18,000. The Black-Scholes option pricing model was used to value the share-based payment awards as it was considered that this approach would result in materially accurate estimate of the fair value options granted. The total expense recognised in the profit or loss for the year in respect of share based payments is £57,036.
		Weighted average exercise price (pence) 2024	Number 2024

	Outstanding at the beginning of the year	13.19	18,000
	Outstanding at the end of the year		18,000

					2024

	Exercise price (pence)	13.19
	Weighted average contractual life (days)	1,825
	Expected volatility	50
	Risk-free interest rate	0.98

					2024
					£

11.	Pension commitments

The company contributes to a private money purchase scheme on behalf of its employees. The assets of
the scheme are held seperately from those of the company in an independently administred fund. The
pension costs charge represents contributions payable by the company to the fund and amounted to £13,495. Contributions totalling £3,720 were payable to the fund at the balance sheet date and are included in creditors.

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WEMATCH.LIVE FS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.	Related party transactions
	In accordance with FRS 102 section 33.1A, the Company has not disclosed transactions entered into with wholly owned company group companies

13.	Controlling party

The ultimate controlling party is Wematch.Securitiesfinancing Ltd by virtue of its significant shareholding over the business.

14.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 3 November 2025 by Mr Matthew Wyatt (Senior Statutory Auditor) on behalf of Wellers.

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