ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 10497035

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	HEADOUT UK LIMITED


HEADOUT UK LIMITED

COMPANY INFORMATION

Directors	Mr V M Khona
	Mr S Sultania


Registered number	10497035


Registered office	6th Floor
	1 London Wall
	London
	EC2Y 5EB


Independent auditor	Accura Audit Limited (Statutory Auditor)
	Langley House
	53 Theobald Street
	Borehamwood
	England
	WD6 4RT


HEADOUT UK LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


HEADOUT UK LIMITED REGISTERED NUMBER:10497035

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		3,692		5,177
			3,692		5,177
Current assets
Debtors: amounts falling due within one year	5	32,719		15,172
Cash at bank and in hand		191,519		17,334
		224,238		32,506
Creditors: amounts falling due within one year	6	(472,358)		(359,305)
Net current liabilities			(248,120)		(326,799)
Total assets less current liabilities			(244,428)		(321,622)

Net liabilities			(244,428)		(321,622)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(244,429)	(321,623)
	(244,428)	(321,622)

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:

Mr S Sultania

Director

Date: 23 December 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


HEADOUT UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Headout UK Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is 500 7th Avenue, Floor 17A, New York, NY, 10018.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Going concern

The directors have assessed the financial performance and likely future cash flow requirements of the Company at the date of approving these financial statements..
The Company has obtained the financial support letter from the parent company, for 12 months from the date of the financial statements approval. The letter confirms that the parent company will provide where needed the necessary financial support so that the Company can meet its commitments and continue its business under normal conditions. The directors have satisfied themselves that the parent company is able to provide the financial support needed for the 12 months from approving these financial statements for issue to enable it to continue to trade. As a result,the directors believe the company has adequate resources to enable it to continue as a going concern.
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the reason that the Company has sufficient cash so that the Company can meet its commitments and continue its business under normal conditions.
As a result of the Company’s performance and financial position post year end, the directors do not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis

2.3

Significant judgements and estimates

In applying the company’s accounting policies, the directors are required to make judgements and estimates that affect the amounts recognised in the financial statements.
- Judgements involve decisions made when applying accounting policies in situations where the outcome is uncertain. The uncertainty is about how the accounting policy should be applied, rather than the numerical amount to report.

- Estimates involve assumptions about future events or conditions that are inherently uncertain. The uncertainty is about quantifying an amount in the financial statements.
The directors base their judgements and estimates on historical experience and other factors they consider reasonable under the circumstances. Actual outcomes may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions are recognised in the period of revision if they affect only that period, or in the period of revision and future periods if both are affected.

Page 2


HEADOUT UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

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 generated via the intercompany recharge of costs on a monthly basis and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

33%

Reducing balance

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.

2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

3.	Employees
	The average monthly number of employees, including directors, during the year was 11 (2024 - 10).

Page 3


HEADOUT UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2024	7,491
	Additions	1,301
	At 31 March 2025	8,792
	Depreciation
	At 1 April 2024	2,314
	Charge for the year on owned assets	2,786
	At 31 March 2025	5,100
	Net book value
	At 31 March 2025	3,692
	At 31 March 2024	5,177

Page 4


HEADOUT UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	27,104	15,172
Prepayments and accrued income	5,615	-
	32,719	15,172

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	555	20,568
Amounts owed to group undertakings	356,567	311,637
Other creditors	40,258	4,100
Accruals and deferred income	74,978	23,000
	472,358	359,305

	Not later than 1 year	110,556	110,556
		110,556	110,556

8.	Parent company

Headout Inc., a company incorporated in The United States of America, is the parent company of the smallest group for which consolidated financial statements are drawn up of which the company is a member. The address of their principal place of business is 82 Nassau St #60351, New York, NY 10038.

9.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 23 December 2025 by Brian Melville Leighton (Senior Statutory Auditor) on behalf of Accura Audit Limited (Statutory Auditor).

Page 5