ACCOUNTS - Final Accounts preparation

Auditors' remuneration

During the period, the Group obtained the following services from the Company's auditors:

Registered number: 09156933

KRICKET LTD

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 DECEMBER 2024

KRICKET LTD

COMPANY INFORMATION

Directors	W G S Bowlby
	R A Campbell
	C J Miller


Registered number	09156933


Registered office	2nd Floor
	12 - 14 Denman Street
	London
	W1D 7HJ


Independent auditors	Harris & Trotter LLP
	Chartered Accountants & Statutory Auditor
	101 New Cavendish Street
	1st Floor south
	London
	W1W 6XH

KRICKET LTD

CONTENTS

	Page
Directors' Report	1 - 2
Independent Auditors' Report	3 - 6
Consolidated Statement of Comprehensive Income	7
Consolidated Statement of Financial Position	8 - 9
Company Statement of Financial Position	10 - 11
Consolidated Statement of Changes in Equity	12
Company Statement of Changes in Equity	13
Notes to the Financial Statements	14 - 28

KRICKET LTD

DIRECTORS' REPORT

FOR THE PERIOD ENDED 29 DECEMBER 2024

The directors present their report and the financial statements for the period ended 29 December 2024.

Directors

The directors who served during the period were:

W G S Bowlby

R A Campbell

C J Miller

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Page 1

KRICKET LTD

DIRECTORS' REPORT (CONTINUED)

FOR THE PERIOD ENDED 29 DECEMBER 2024

Auditors

The auditors, Harris & Trotter LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Other Matters

Kricket TVC Limited ceased trading in December 2024 and was placed into liquidation on 10 February 2025. The company’s investment in this subsidiary, together with related intercompany loan balances, have been written off in the financial statements.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

R A Campbell

Director

Date: 12 December 2025

Page 2

KRICKET LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KRICKET LTD

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Opinion

We have audited the financial statements of Kricket Ltd (the 'parent Company') and its subsidiaries (the 'Group') for the period ended 29 December 2024, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Group's and of the parent Company's affairs as at 29 December 2024 and of the Group's loss for the period then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 3

KRICKET LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KRICKET LTD (CONTINUED)

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent Company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Group Strategic Report.

Page 4

KRICKET LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KRICKET LTD (CONTINUED)

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). In dentifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

• We obtained an understanding of the legal and regulatory frameworks applicable to the Group and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006.

• We obtained an understanding of how the Group is complying with those legal and regulatory frameworks by making enquiries of management.

• We challenged assumptions and judgments made by management in its significant accounting estimates;

We did not identify any key audit matters relating to irregularities, including fraud

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Page 5

KRICKET LTD

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KRICKET LTD (CONTINUED)

UNDER SECTION 449 OF THE COMPANIES ACT 2006

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Daniel Walters (Senior Statutory Auditor)

for and on behalf of

Harris & Trotter LLP

Chartered Accountants

Statutory Auditor

101 New Cavendish Street

1st Floor south

London

W1W 6XH

12 December 2025

Page 6

KRICKET LTD

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 29 DECEMBER 2024

	29 December	31 December
	2024	2023
	£	£


Turnover	8,838,774	8,216,531
Cost of sales	(2,834,042)	(2,629,306)
Gross profit	6,004,732	5,587,225
Administrative expenses	(6,712,190)	(5,565,267)
Exceptional administrative expenses	(19,995)	(32,913)
Operating loss	(727,453)	(10,955)
Interest payable and similar expenses	(118,668)	(104,592)
Loss before tax	(846,121)	(115,547)
Tax on loss	(284,468)	(207,808)
Loss for the financial period	(1,130,589)	(323,355)

Adjusted EBITDA	163,916	527,251
Depreciation and amortisation	(557,044)	(465,546)
Loan interest	(118,514)	(104,592)
Management fees	(74,002)	(39,750)
Exceptional items	(19,895)	(32,912)
Deferred taxation	(284,468)	(191,806)
Taxation	-	(16,000)
Pre-opening costs	(240,582)	-
Loss for the financial period	(1,130,589)	(323,355)

Loss for the year attributable to:
Non-controlling interest	(565,294)	(147,902)
Owners of the parent company	(565,295)	(175,453)
	(1,130,589)	(323,355)

The notes on pages 14 to 28 form part of these financial statements.

*Adjusted EBITDA relates to earnings before interest, tax, depreciation and amortisation. Exceptional items and Management fees have been split out across the group and seperated from the adjusted EBITDA as they do not fall within the normal course of business.

Page 7

KRICKET LTD

REGISTERED NUMBER: 09156933

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 29 DECEMBER 2024

	29 December	31 December
	2024	2023
Note	£	£

Fixed assets
Tangible assets	6		2,621,328		1,485,939
			2,621,328		1,485,939
Current assets
Stocks	8	78,907		63,110
Debtors: amounts falling due after more than one year	9	154,416		27,889
Debtors: amounts falling due within one year	9	759,854		1,016,944
Cash at bank and in hand	10	619,345		549,395
		1,612,522		1,657,338
Creditors: amounts falling due within one year	11	(3,007,843)		(2,413,105)
Net current liabilities			(1,395,321)		(755,767)
Total assets less current liabilities			1,226,007		730,172
Creditors: amounts falling due after more than one year	12		(1,577,882)		(235,926)
Provisions for liabilities
Deferred taxation	14	(476,274)		(191,806)
Net (liabilities)/assets			(828,149)		302,440

Capital and reserves
Called up share capital	6,534	6,534
Share premium account	2,421,965	2,421,965
Profit and loss account	(3,969,844)	(2,273,961)
Equity attributable to owners of the Company	(1,541,345)	154,538
Non-controlling interests	713,196	147,902
	(828,149)	302,440

Page 8

KRICKET LTD

REGISTERED NUMBER: 09156933

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 29 DECEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the 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 on 12 December 2025.

R A Campbell

Director

The notes on pages 14 to 28 form part of these financial statements.

Page 9

KRICKET LTD

REGISTERED NUMBER: 09156933

COMPANY STATEMENT OF FINANCIAL POSITION

AS AT 29 DECEMBER 2024

	29 December	31 December
	2024	2023
Note	£	£

Fixed assets
Investments			502		600
			502		600
Current assets
Debtors: amounts falling due within one year	9	2,700,589		2,715,495
Cash at bank and in hand	10	623		-
		2,701,212		2,715,495
Creditors: amounts falling due within one year		(287,698)		(380,815)
Net current assets			2,413,514		2,334,680
Total assets less current liabilities			2,414,016		2,335,280

Creditors: amounts falling due after more than one year			(864,815)		(235,926)

Net assets			1,549,201		2,099,354

Capital and reserves
Called up share capital	6,534	6,534
Share premium account	2,421,965	2,421,965
Profit and loss account	(879,298)	(329,145)
	1,549,201	2,099,354

Page 10

KRICKET LTD

REGISTERED NUMBER: 09156933

COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 29 DECEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the 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 on 12 December 2025.

R A Campbell

Director

The notes on pages 14 to 28 form part of these financial statements.

Page 11


		KRICKET LTD

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 29 DECEMBER 2024

	Called up share capital	Share premium account	Profit and loss account	Equity attributable to owners of parent Company	Non-controlling interests	Total equity
	£	£	£	£	£	£
At 1 January 2023	4,400	1,422,199	(1,802,704)	(376,105)	-	(376,105)

Loss for the period	-	-	(471,257)	(471,257)	147,902	(323,355)
Contributions by and distributions to owners
Shares issued during the period	2,134	999,766	-	1,001,900	-	1,001,900

At 1 January 2024	6,534	2,421,965	(2,273,961)	154,538	147,902	302,440

Loss for the period	-	-	(1,695,883)	(1,695,883)	565,294	(1,130,589)
At 29 December 2024	6,534	2,421,965	(3,969,844)	(1,541,345)	713,196	(828,149)

The notes on pages 14 to 28 form part of these financial statements.

Page 12

KRICKET LTD

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 29 DECEMBER 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	4,400	1,422,199	(236,441)	1,190,158

Loss for the period	-	-	(92,704)	(92,704)
Contributions by and distributions to owners
Shares issued during the period	2,134	999,766	-	1,001,900

At 1 January 2024	6,534	2,421,965	(329,145)	2,099,354

Loss for the period	-	-	(550,153)	(550,153)
At 29 December 2024	6,534	2,421,965	(879,298)	1,549,201

The notes on pages 14 to 28 form part of these financial statements.

Page 13

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

1.	General information

Kricket Limited is a company limited by shares, incorporated in England and Wales (registered number: 09156933). The registered office is 2nd Floor, 12-14 Denman Street, London, W1D 7HJ.

The financial statements are presented in Sterling, which is the functional currency of the Company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

Going concern

In assessing the ability of the Group to continue as a going concern, management have considered current trading performance, cash flow forecasts, and the Group’s overall financial position.

The Group has undergone rapid expansion in recent years, resulting in significant cash outlays to establish companies in new locations. While these new operations are expected to contribute positively once fully established, there is a timing difference between the initial investment in opening new locations and the generation of stable cash inflows. This has placed pressure on the short-term liquidity of some of the companies in the Group, reflected in delays in settling certain external creditors across the Group.

The Group is in a net liabilities position at the year end, whereas the Company remains in a net asset position. There is a risk that some new locations may not achieve the expected level of performance; however, the Group continues to monitor the results of all trading entities closely and to manage the timing of future openings to preserve cash resources.

During the year, Kricket TVC Limited, ceased trading and subsequently entered liquidation (see note 18). This reflects the underperformance of a single location and does not affect the overall viability of the Group’s operations or its ongoing expansion strategy.

The Parent of the Group, has confirmed its continued financial support and has provided a formal letter of support stating its intention to make funding available as required for at least 12 months from the date of approval of these financial statements.

Having considered these factors, the directors are satisfied that the Group and Company have adequate resources to continue in operational existence for the foreseeable future, and accordingly, the financial statements continue to be prepared on a going concern basis.

Page 14

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 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 Group 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.

Page 15

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 reporting date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Group but are presented separately due to their size or incidence.

Page 16

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

2.10

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:

Short-term leasehold property	-	25%
Plant and machinery	-	25%
Fixtures and fittings	-	25%
Computer equipment	-	25%
Other fixed assets	-	25%

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.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Consolidated Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.13

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.

Page 17

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

2.Accounting policies (continued)

2.14

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.

2.15

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.

2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements

44,444

40,000

Employees

The average monthly number of employees, including the directors, during the period was as follows:

	Group	Group	Company	Company
	29 December	31 December	29 December	31 December
	2024	2023	2024	2023
	No.	No.	No.	No.

Employees	182	120	3	3

Page 18

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

	Exceptional items	19,995	32,913
		19,995	32,913

Page 19


		KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 29 DECEMBER 2024

	6.	Tangible fixed assets
		Group

	Plant and machinery	Fixtures and fittings	Computer equipment	Catering equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2024	40,149	3,282,771	82,501	134,298	3,539,719
Additions	12,405	1,663,898	16,130	-	1,692,433
At 29 December 2024	52,554	4,946,669	98,631	134,298	5,232,152
Depreciation
At 1 January 2024	28,948	1,891,187	64,561	69,085	2,053,781
Charge for the period on owned assets	7,144	520,015	8,987	20,897	557,043
At 29 December 2024	36,092	2,411,202	73,548	89,982	2,610,824
Net book value
At 29 December 2024	16,462	2,535,467	25,083	44,316	2,621,328
At 31 December 2023	11,201	1,391,585	17,940	65,213	1,485,939

Page 20


		KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 29 DECEMBER 2024

7.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	600
	Additions	2
	Amounts written off	(100)
	At 29 December 2024	502

Page 21

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

Kricket Soho Limited	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%
Soma Soho Limited	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%
Kricket Brixton Limited	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%
*Kricket TVC Limited	31st Floor, 40 Bank Street, London, E14 5NR	Ordinary	100%
Kricket Delivery Limited	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%
Kricket Shoreditch Limited	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%
Kricket HQ Ltd	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%
Kricket Canary Wharf Limited	2nd Floor, 12-14 Denman Street, London W1D 7HJ	Ordinary	100%

*During the year, Kricket TVC ceased trading on 20 December 2024. The investment has therefore been written down to £nil, resulting in an impairment charge of £100.

A liquidator was subsequently appointed on 10 February 2025 (see note 19).

The aggregate of the share capital and reserves as at 29 December 2024 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

Kricket Soho Limited	(620,151)	(1,027,794)
Soma Soho Limited	541,002	299,493
Kricket Brixton Limited	(162,381)	(88,414)
*Kricket TVC Limited	21,469	1,782,222
Kricket Delivery Limited	169,905	141,959
Kricket Shoreditch Limited	(94,403)	(94,404)
Kricket HQ Ltd	(1,504,629)	(865,971)
Kricket Canary Wharf Limited	(727,559)	(727,526)

Page 22

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

8.	Stocks
		Group 29 December	Group 31 December
		2024	2023
		£	£

Finished goods and goods for resale	78,907	63,110
	78,907	63,110

Page 23

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

9.	Debtors
		Group 29 December	Group 31 December	Company 29 December	Company 31 December
		2024	2023	2024	2023
		£	£	£	£

Due after more than one year
Other debtors	154,416	27,889	-	-
	154,416	27,889	-	-

Group 29 December	Group 31 December	Company 29 December	Company 31 December
2024	2023	2024	2023
£	£	£	£

Due within one year
Trade debtors	33,425	52,949	99	99
Amounts owed by group undertakings	5,613	302,571	2,699,965	2,527,697
Other debtors	382,678	431,054	525	187,699
Prepayments and accrued income	338,138	230,370	-	-
	759,854	1,016,944	2,700,589	2,715,495

10.	Cash and cash equivalents
		Group 29 December	Group 31 December	Company 29 December	Company 31 December
		2024	2023	2024	2023
		£	£	£	£

Cash at bank and in hand	619,345	549,395	623	-
Less: bank overdrafts	(52)	(16,920)	-	(16,917)
	619,293	532,475	623	(16,917)

Page 24

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

11.	Creditors: Amounts falling due within one year
		Group 29 December	Group 31 December	Company 29 December	Company 31 December
		2024	2023	2024	2023
		£	£	£	£

Bank overdrafts	52	16,920	-	16,917
Bank loans	155,559	199,767	155,556	199,766
Other loans	217,815	-	-	-
Trade creditors	980,202	766,519	-	-
Amounts owed to group undertakings	36,542	144,425	2,255	95,995
Corporation tax	16,000	16,000	-	-
Other taxation and social security	315,384	419,137	-	-
Other creditors	195,362	288,768	602	600
Accruals and deferred income	1,090,927	561,569	129,285	67,537
	3,007,843	2,413,105	287,698	380,815

12.	Creditors: Amounts falling due after more than one year
		Group 29 December	Group 31 December	Company 29 December	Company 31 December
		2024	2023	2024	2023
		£	£	£	£

Bank loans	464,815	235,926	464,815	235,926
Other loans	1,113,067	-	400,000	-
	1,577,882	235,926	864,815	235,926

Page 25

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

13.	Loans
	Analysis of the maturity of loans is given below:
		Group 29 December	Group 31 December	Company 29 December	Company 31 December
		2024	2023	2024	2023
		£	£	£	£

Amounts falling due within one year
Bank loans	155,556	199,767	155,556	199,767
Other loans	217,815	-	-	-
	373,371	199,767	155,556	199,767
Amounts falling due 1-2 years
Bank loans	464,815	235,926	464,815	235,926
	464,815	235,926	464,815	235,926

Amounts falling due after more than 5 years
Other loans	1,113,067	-	400,000	-
	1,951,253	435,693	1,020,371	435,693

14.	Deferred taxation
	Group

		2024
		£

	At beginning of year	(191,806)
	Charged to profit or loss	(284,468)
	At end of year	(476,274)

Page 26

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

14.Deferred taxation (continued)

		Group 29 December	Group 31 December
		2024	2023
		£	£

Accelerated capital allowances	(587,668)	(247,228)
Tax losses carried forward	111,394	55,422
	(476,274)	(191,806)

15.	Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted £69,236 (2023 - £36,921) . Contributions totalling £726 (2023 - £9,038) were payable to the fund at the reporting date and are included in creditors.

16.	Commitments under operating leases
	At 29 December 2024 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group 29 December	Group 31 December
		2024	2023
		£	£

Not later than 1 year	976,150	506,640
Later than 1 year and not later than 5 years	3,467,634	1,746,560
Later than 5 years	6,071,167	2,087,887
	10,514,951	4,341,087

Page 27

KRICKET LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 DECEMBER 2024

17.	Related party transactions
	Included within debtors is an amount of £5,613 (2023: £302,571) due from other companies within the White Rabbit Group. Included within creditors is an amount of £36,542 (2023: £144,425) due to other group companie within the White Rabbit Group.

18.	Post balance sheet events

On 10 February 2025, a liquidator was appointed to Kricket TVC Limited, a wholly-owned subsidiary of the company, following the cessation of its trading activities in December 2024.

The group’s investment in Kricket TVC Limited and related intercompany loan balances were written down to £nil as at 29 December 2024. The appointment of the liquidator occurred after the reporting date and is therefore treated as a non-adjusting post balance sheet event. No further adjustments have been made to the carrying amounts of assets or liabilities as a result of this event.

19.	Controlling party

The intermediate controlling party is WRP Holdco Ltd, a limited liability partnership incorporated in England and Wales (registered number: 14264912). The registered office address is 12-14 Denman Street, London, W1D 7HJ. The ultimate controlling party is C Miller.

20.	Auditors' information

The auditors' report on the financial statements for the period ended 29 December 2024 was unqualified.

The audit report was signed on 12 December 2025 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

Page 28