Acorah Software Products - Accounts Production 16.8.310 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08869163 Mr J Cohen Mr S Frazer Mr B Helfrich Mr L B Smeir United Kingdom true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08869163 2023-12-31 08869163 2024-12-31 08869163 2024-01-01 2024-12-31 08869163 frs-core:CurrentFinancialInstruments 2024-12-31 08869163 frs-core:Non-currentFinancialInstruments 2024-12-31 08869163 frs-core:ComputerEquipment 2024-12-31 08869163 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08869163 frs-core:ComputerEquipment 2023-12-31 08869163 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 08869163 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 08869163 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 08869163 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 08869163 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08869163 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08869163 frs-core:FurnitureFittings 2024-12-31 08869163 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08869163 frs-core:FurnitureFittings 2023-12-31 08869163 frs-core:NetGoodwill 2024-12-31 08869163 frs-core:NetGoodwill 2024-01-01 2024-12-31 08869163 frs-core:NetGoodwill 2023-12-31 08869163 frs-core:RevaluationReserve 2024-12-31 08869163 frs-core:SharePremium 2024-12-31 08869163 frs-core:ShareCapital 2024-12-31 08869163 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08869163 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08869163 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08869163 frs-bus:SmallEntities 2024-01-01 2024-12-31 08869163 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08869163 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08869163 1 2024-01-01 2024-12-31 08869163 frs-core:DeferredTaxation 2024-01-01 2024-12-31 08869163 frs-core:DeferredTaxation 2023-12-31 08869163 frs-core:DeferredTaxation 2024-12-31 08869163 frs-core:ListedExchangeTraded 2024-12-31 08869163 frs-core:ListedExchangeTraded 2023-12-31 08869163 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 08869163 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-12-31 08869163 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 08869163 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 08869163 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 08869163 frs-bus:Director1 2024-01-01 2024-12-31 08869163 frs-bus:Director2 2024-01-01 2024-12-31 08869163 frs-bus:Director3 2024-01-01 2024-12-31 08869163 frs-bus:Director4 2024-01-01 2024-12-31 08869163 frs-countries:EnglandWales 2024-01-01 2024-12-31 08869163 2022-12-31 08869163 2023-12-31 08869163 2023-01-01 2023-12-31 08869163 frs-core:CurrentFinancialInstruments 2023-12-31 08869163 frs-core:Non-currentFinancialInstruments 2023-12-31 08869163 frs-core:RevaluationReserve 2023-12-31 08869163 frs-core:SharePremium 2023-12-31 08869163 frs-core:ShareCapital 2023-12-31 08869163 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08869163
Enigmatic Smile Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
DNS Accountants Ltd
Chartered Accountants
Dns House
Harrow, Middlesex
HA3 8DP
Enigmatic Smile Ltd
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—10

Page 1
Enigmatic Smile Ltd
Accountants' Report
For The Year Ended 31 December 2024
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Enigmatic Smile Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Enigmatic Smile Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Enigmatic Smile Ltd , as a body, in accordance with the terms of our engagement letter dated 01st May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Enigmatic Smile Ltd and state those matters that we have agreed to state to the directors of Enigmatic Smile Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enigmatic Smile Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Enigmatic Smile Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Enigmatic Smile Ltd . You consider that Enigmatic Smile Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Enigmatic Smile Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

27/02/2026

DNS Accountants Ltd
Chartered Accountants
Dns House
Harrow, Middlesex
HA3 8DP
Page 1
Page 2
Enigmatic Smile Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08869163

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 6,456,483 |  | 9,738,785
Tangible Assets | 5 |  | 84,356 |  | 9,289
Investments | 6 |  | 44,923,163 |  | 11,720,119
|  |  | 51,464,002 |  | 21,468,193
CURRENT ASSETS
Debtors | 7 | 6,158,740 |  | 4,215,040 |
Cash at bank and in hand |  | 559,802 |  | 240,072 |
|  | 6,718,542 |  | 4,455,112 |
Creditors: Amounts Falling Due Within One Year | 8 | (14,984,301 ) |  | (4,674,257 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (8,265,759 ) |  | (219,145 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 43,198,243 |  | 21,249,048
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (1,559,476 ) |  | (1,565,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (9,268,041 ) |  | (623,885 )
NET ASSETS |  |  | 32,370,726 |  | 19,059,413
CAPITAL AND RESERVES
Called up share capital | 11 |  | 912 |  | 816
Share premium account |  |  | 699,994 |  | 699,994
Equity reserve |  |  | 2,097,510 |  | 2,097,510
Profit and Loss Account |  |  | 29,572,310 |  | 16,261,093
SHAREHOLDERS' FUNDS |  |  | 32,370,726 |  | 19,059,413

Page 2
Page 3
Enigmatic Smile Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr S Frazer Director
27/02/2026

The notes on pages 4 to 10 form part of these financial statements.
Page 3
Page 4
Enigmatic Smile Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Enigmatic Smile Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08869163 . The registered office is Swift House Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, CM1 1GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The financial statements contain information about Enigmatic Smile Ltd as an individual company and do not contain consolidated financial information as the parents of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, despite the net negative assets presented in the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. 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 ofconsideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Page 4
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Enigmatic Smile Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Crypto currency assets are held at fair value based on the market rate at the period end.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software development (as restated) 5 years straight line
Crypto currency assets Measured at fair value annually
Software development costs comprise of externally provided worker costs, in relation to the continuing development of software used to generate the company's income.
2.7. Research and Development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
2.8. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 20% Reducing Balance
Computer Equipment | 20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.9. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
...CONTINUED
Page 5
Page 6
Enigmatic Smile Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.9. Financial Instruments - continued
Compound instruments
The component parts of compound instruments issued by the company are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar nonconvertible instrument. This amount is recorded as a liability on an amortised cost basis using the effective interest method until extinguished upon conversion or at the instrument's maturity date. The equity component is determined by deducting the amount of the liability component from the fair value of the compound instrument as a whole. This is recognised and included in equity net of income tax effects and is not subsequently remeasured.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and 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.
2.10. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.11. 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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affectsneither the tax profit nor the accounting profit.
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.
2.12. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Page 6
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Enigmatic Smile Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.13. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgenerating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.14. 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.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due
2.15. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 38 (2023: 10)
38 10
4. Intangible Assets

| Goodwill | Development Costs | Digital Assets | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost or Valuation
As at 1 January 2024 | 50,127 | 1,996,319 | 9,466,657 | 11,513,103
Additions | - | 505,461 | 64,056,600 | 64,562,061
Revaluations | - | - | (8,048,723 ) | (8,048,723 )
Disposals | - | - | (59,422,420 ) | (59,422,420 )
As at 31 December 2024 | 50,127 | 2,501,780 | 6,052,114 | 8,604,021
Amortisation
As at 1 January 2024 | 50,127 | 1,724,191 | - | 1,774,318
Provided during the period | - | 373,220 | - | 373,220
As at 31 December 2024 | 50,127 | 2,097,411 | - | 2,147,538

...CONTINUED
Page 7
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Enigmatic Smile Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | - | 404,369 | 6,052,114 | 6,456,483
As at 1 January 2024 | - | 272,128 | 9,466,657 | 9,738,785

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | - | 11,611 | 11,611
Additions | 3,195 | 83,620 | 86,815
As at 31 December 2024 | 3,195 | 95,231 | 98,426
Depreciation
As at 1 January 2024 | - | 2,322 | 2,322
Provided during the period | 348 | 11,400 | 11,748
As at 31 December 2024 | 348 | 13,722 | 14,070
Net Book Value
As at 31 December 2024 | 2,847 | 81,509 | 84,356
As at 1 January 2024 | - | 9,289 | 9,289

6. Investments

| Listed
--- | ---
| £
Cost
As at 1 January 2024 | 11,720,119
Additions | 33,203,044
As at 31 December 2024 | 44,923,163
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 44,923,163
As at 1 January 2024 | 11,720,119

Details of the company's subsidiaries, associates and investments at 31 December 2024 are as follows:

Name of Undertaking | Registered office | Nature of Business | % Held Direct
Cashbackpoint Limited | United Kingdom | Cashback rewards | 100
The Reward Collection Ltd | United Kingdom | Cashback rewards | 48
Fidel (Brand and Assets) | United Kingdom | Rewards Technology | 100
Spaycial | France | Regulated Open Banking Provider | 51
Geek Retreat Holdings | United Kingdom | Retail Chain | 51
Enigmatic Smile Rewards India | India | Cashback rewards | 53
Enigmatics Smile Protugal | Portugal | Cashback rewards | 100
Vtravel | USA | Travel Supplier | 51

...CONTINUED
Page 8
Page 9
Enigmatic Smile Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Cashbackpoint Africa Pty | South Africa | Cashback Rewards | 51
Cashbackpoint Australia | Australia | Cashback Rewards | 51
Cashbackpoint New Zealand | New Zealand | Cashback Rewards | 51
Olive Fintech Group | Canada | Card Linked Technology | 26
Lyfe Technologies Limited | United Kingdom | Rewards Technology | 41
Sv365 Technologies Limited | United Kingdom | Vending Specialist | 26
Onchain Labs | British Virgin Islands | Regulated Crypto Onramp / Offramp | 26

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,664,221 |  | -
Other debtors | 4,494,519 |  | 4,215,040
| 6,158,740 |  | 4,215,040

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,737,867 |  | 2,232
Bank loans and overdrafts | 23,093 |  | 20,000
Other creditors | 13,026,069 |  | 4,541,034
Taxation and social security | 197,272 |  | 110,991
| 14,984,301 |  | 4,674,257

9. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 6,910 |  | 30,000
Other creditors | 1,552,566 |  | 1,535,750
| 1,559,476 |  | 1,565,750

10. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 January 2024 | 623,885 | 623,885
Additions | 8,644,156 | 8,644,156
Balance at 31 December 2024 | 9,268,041 | 9,268,041

11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 912 |  | 816

Page 9
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Enigmatic Smile Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
12. Directors Advances, Credits and Guarantees
At the year end, the company owed £1,552,566 to the directors. In 2023 £1,535,750 was owed to the directors. The loans are unsecured, interest free and repayable on demand.
13. Related Party Transactions
Included within creditors is an amount of £4,318,717 (2023: £4,536,139) owed to Vow Company.
14. Ultimate Controlling Party
The immediate parent company is Capture Value Ltd, whose registered office is Swift House Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, England, CM1 1GU.
The ultimate parent company is Planetary Ltd, whose registered office is First Floor, La Chasse Chamber, Ten La Chasse, St. Helier, Jersey, JE2.
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