Blis Corp Ltd
Financial Statements
For the period ended 30 June 2025
Pages for Filing with Registrar
Company Registration No. 15557855 (England and Wales)
Blis Corp Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Blis Corp Ltd
Balance Sheet
As at 30 June 2025
Page 1
Notes
£
£
Current assets
Debtors
4
949,741
Creditors: amounts falling due within one year
5
(690,347)
Net current assets
259,394
Capital and reserves
Called up share capital
1
Profit and loss reserves
259,393
Total equity
259,394

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 March 2026 and are signed on its behalf by:
F L Williams Jr.
Director
Company Registration No. 15557855
Blis Corp Ltd
Notes to the Financial Statements
For the period ended 30 June 2025
Page 2
1
Accounting policies
Company information

Blis Corp Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 85 Great Portland Street, London, United Kingdom, W1W 7LT.

1.1
Reporting period

The company was incorporated on 12 March 2024. The company commenced trading on 6th July 2024. The company has a year end of 30 June 202 5 to align with other entities within the group.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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.

These financial statements for the period ended 30 June 2025 are the first financial statements of Blis Corp Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company acts as an agent in facilitating transactions between publishers and its parent company, Blis Global Limited. In this capacity, the company does not obtain control over the services provided by the publishers, nor does it bear the primary responsibility for fulfilling the promise to provide the specified services to the parent company. Furthermore, the parent company assumes the cost risks associated with the services.

Revenue is recognised on a net basis, representing the commission earned for its agency services. Commission income is recognised at the point in time when the performance obligation is satisfied.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.5
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Blis Corp Ltd
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
1
Accounting policies
(Continued)
Page 3
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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 stock or fixed 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

Number
Total
0
3
Taxation
£
Current tax
UK corporation tax on profits for the current period
86,464
Blis Corp Ltd
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
Page 4
4
Debtors
Amounts falling due within one year:
£
Amounts owed by group undertakings
103,536
Other debtors
666,413
Prepayments and accrued income
179,792
949,741
5
Creditors: amounts falling due within one year
£
Trade creditors
186,207
Amounts owed to group undertakings
395,276
Corporation tax
86,464
Other creditors
22,400
690,347
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit 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.

Senior Statutory Auditor:
Jonathan Dawson
Statutory Auditor:
Moore Kingston Smith LLP
Date of audit report:
4 March 2026
7
Related party transactions

The company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.

Blis Corp Ltd
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
Page 5
8
Parent company

The immediate parent of the company is Blis Global Limited, a company incorporated in England and Wales.

The ultimate controlling party is Blis Holdco Limited, a company incorporated in England and Wales. Group financial statements have been prepared for Blis Holdco Limited and are publicly available from 85 Great Portland Street, London, England, W1W 7LT.

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