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# W1TTY GLOBAL LTD

## Company Registration Number:
12810623 (England and Wales)

## Unaudited statutory accounts for the year ended 30 December 2024

## Period of accounts

## Start date: 31 December 2023

## End date: 30 December 2024

# W1TTY GLOBAL LTD

## Contents of the Financial Statements

for the Period Ended 30 December 2024

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

# W1TTY GLOBAL LTD

Directors' report period ended 30 December 2024

The directors present their report with the financial statements of the company for the period ended 30 December 2024

Principal activities of the company

The principal activity of the company is to be that of an electronic money institution, providing electronic money and payment services to retail customers. The company is authorised and regulated by the United Kingdom Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 and the Payment Services Regulations 2017 for the issuing of electronic money and the provision of payment services with FCA registration number 932839.

Additional information

Subsequent to the reporting date, the Company has ceased its operations in 2024. However, the Company has not commenced a formal winding-up or Members’ Voluntary Liquidation (MVL) process and remains in existence. However, given the company has ceased trading the accounts have been prepared on a basis other than going concern, refer to further details above and in note 1.2.

Directors

The director shown below has held office during the whole of the period from
31 December 2023 to 30 December 2024

AMMAR KUTAIT

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
24 December 2025

And signed on behalf of the board by:
Name: AMMAR KUTAIT
Status: Director

# W1TTY GLOBAL LTD

## Profit And Loss Account

for the Period Ended 30 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 3,833 | 14,927
Cost of sales: | ( 111,862 ) | ( 207,329 )
Gross profit(or loss): | (108,029) | (192,402)
Administrative expenses: | ( 231,797 ) | ( 613,831 )
Operating profit(or loss): | (339,826) | (806,233)
Profit(or loss) before tax: | (339,826) | (806,233)
Profit(or loss) for the financial year: | (339,826) | (806,233)

# W1TTY GLOBAL LTD

## Balance sheet

As at 30 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 55,579 | 151,337
Total current assets: |  | 55,579 | 151,337
Prepayments and accrued income: |  | 382,945 | 801,648
Net current assets (liabilities): |  | 438,524 | 952,985
Total assets less current liabilities: |  | 438,524 | 952,985
Creditors: amounts falling due after more than one year: | 3 | ( 23,014 ) | ( 207,418 )
Total net assets (liabilities): |  | 415,510 | 745,567
Capital and reserves
Called up share capital: |  | 350,000 | 350,000
Other reserves: |  | 2,023,579 | 2,013,810
Profit and loss account: |  | (1,958,069 ) | (1,618,243 )
Total Shareholders' funds: |  | 415,510 | 745,567

The notes form part of these financial statements

# W1TTY GLOBAL LTD

## Balance sheet statements

For the year ending 30 December 2024 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.

This report was approved by the board of directors on 24 December 2025
and signed on behalf of the board by:

Name: AMMAR KUTAIT
Status: Director

The notes form part of these financial statements

# W1TTY GLOBAL LTD

## Notes to the Financial Statements

for the Period Ended 30 December 2024

- ## 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 measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The company recognises revenue when it transfers control of a product or service to a customer. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

  Intangible fixed assets amortisation policy

  Financial assets Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets. At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs. Financial assets at fair value through profit or loss When any of the above-mentioned conditions for classification of financial assets is not met, a financial asset is classified as measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognized initially at fair value and any transaction costs are recognised in profit or loss when incurred. A gain or loss on a financial asset measured at fair value through profit or loss is recognised in profit or loss, and is included within finance income or finance costs in the statement of income for the reporting period in which it arises. Financial assets held at amortised cost Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (e.g., trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary. Financial assets at fair value through other comprehensive income Debt instruments are classified as financial assets measured at fair value through other comprehensive income where the financial assets are held within the company’s business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt instrument measured at fair value through other comprehensive income is recognised initially at fair value plus transaction costs directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognised through other comprehensive income are directly transferred to profit or loss when the debt instrument is derecognised. The company has made an irrevocable election to recognize changes in fair value of investments in equity instruments through other comprehensive income, not through profit or loss. A gain or loss from fair value changes will be shown in other comprehensive income and will not be reclassified subsequently to profit or loss. Equity instruments measured at fair value through other comprehensive income are recognized initially at fair value plus transaction cost directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognized through other comprehensive income are directly transferred to retained earnings when the equity instrument is derecognized or its fair value substantially decreased. Dividends are recognized as finance income in profit or loss. Impairment of financial assets Financial assets carried at amortised cost and Fair Value through Other Comprehensive Income (FVOCI) are assessed for indicators of impairment at each reporting end date. The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

  Valuation information and policy

  Financial liabilities The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'. Other financial liabilities Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding. Derecognition of financial liabilities Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

  Other accounting policies

  Accounting convention The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the United Kingdom and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, except as otherwise stated. The financial statements are prepared in US Dollars ($), which is the presentational currency of the company, whereas functional currency is Pounds Sterling (£). Monetary amounts in these financial statements are rounded to the nearest $. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense unless those costs are required to be recognised as part of the cost of inventories or non-current assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Foreign exchange Transactions in currencies other than US Dollars are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss. Adoption of new and revised standards and changes in accounting policies Certain new accounting standards and interpretations have been published that are not mandatory for the year ended 31 December 2024 and have not been early adopted by the company. None of these standards and interpretations are expected to have a material impact on the company in the current or future reporting periods and on foreseeable future transactions. Critical accounting estimates and judgements In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

# W1TTY GLOBAL LTD

## Notes to the Financial Statements

for the Period Ended 30 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 1 | 4

# W1TTY GLOBAL LTD

## Notes to the Financial Statements

for the Period Ended 30 December 2024

## 3. Creditors: amounts falling due after more than one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Other creditors | 23,014 | 207,418
Total | 23,014 | 207,418