Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

CHALMERS, George Thomas
CROSS, Sebastien Andrew
HARRIS, Jeffrey
KNIGHT, Adam Digby
RICKETTS, Harry Thomas, Mr.
WILSON, Katherine Jane

The director shown below has held office during the period of
1 April 2024 to 23 December 2024

RUPIERRE, Marine De Bazelaire De

The director shown below has held office during the period of
23 December 2024 to 31 March 2025

CHAN, Ashley Kit Kay

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 July 2025

And signed on behalf of the board by:
Name: RICKETTS, Harry Thomas, Mr.
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

	2025	2024
	£	£
Turnover:	4,728,000	2,486,000
Cost of sales:	( 2,792,000 )	( 1,697,000 )
Gross profit(or loss):	1,936,000	789,000
Administrative expenses:	( 20,830,000 )	( 17,770,000 )
Operating profit(or loss):	(18,894,000)	(16,981,000)
Interest receivable and similar income:	1,665,000	2,165,000
Interest payable and similar charges:	( 778,000 )	( 652,000 )
Profit(or loss) before tax:	(18,007,000)	(15,468,000)
Profit(or loss) for the financial year:	(18,007,000)	(15,468,000)

Balance sheet

As at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Intangible assets:	3	89,000	143,000
Tangible assets:	4	172,000	172,000
Total fixed assets:		261,000	315,000
Current assets
Debtors:	5	1,658,000	875,000
Cash at bank and in hand:		32,156,000	34,304,000
Total current assets:		33,814,000	35,179,000
Prepayments and accrued income:		663,000	319,000
Creditors: amounts falling due within one year:	6	( 925,000 )	( 638,000 )
Net current assets (liabilities):		33,552,000	34,860,000
Total assets less current liabilities:		33,813,000	35,175,000
Creditors: amounts falling due after more than one year:	7	( 74,000 )	( 76,000 )
Accruals and deferred income:		( 3,194,000 )	( 2,058,000 )
Total net assets (liabilities):		30,545,000	33,041,000
Capital and reserves
Called up share capital:		1	1
Share premium account:		75,443,999	60,408,999
Profit and loss account:		(44,899,000 )	(27,368,000 )
Total Shareholders' funds:		30,545,000	33,041,000

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  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.

  Tangible fixed assets depreciation policy

  Initially recorded at cost and then depreciated 33% year on year.

  Intangible fixed assets amortisation policy

  Initially recorded at cost. Websites depreciated over 3 years and Trademarks between 1 and 3 years.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	185	153