Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr T R F McCarron Mr M Rowe 19 March 2026 The principal activity of the Company is that of online advertising. 11236001 2025-03-31 11236001 2024-03-31 11236001 core:CurrentFinancialInstruments 2025-03-31 11236001 core:CurrentFinancialInstruments 2024-03-31 11236001 core:Non-currentFinancialInstruments 2025-03-31 11236001 core:Non-currentFinancialInstruments 2024-03-31 11236001 core:ShareCapital 2025-03-31 11236001 core:ShareCapital 2024-03-31 11236001 core:OtherCapitalReserve 2025-03-31 11236001 core:OtherCapitalReserve 2024-03-31 11236001 core:RetainedEarningsAccumulatedLosses 2025-03-31 11236001 core:RetainedEarningsAccumulatedLosses 2024-03-31 11236001 2023-03-31 11236001 core:FurnitureFittings 2024-03-31 11236001 core:ComputerEquipment 2024-03-31 11236001 core:FurnitureFittings 2025-03-31 11236001 core:ComputerEquipment 2025-03-31 11236001 core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 11236001 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11236001 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2025-03-31 11236001 core:FurtherSpecificItem1DeferredTaxComponentTotalForDeferredTax 2024-03-31 11236001 core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2025-03-31 11236001 core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2024-03-31 11236001 2024-04-01 2025-03-31 11236001 bus:FilletedAccounts 2024-04-01 2025-03-31 11236001 bus:SmallEntities 2024-04-01 2025-03-31 11236001 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11236001 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11236001 bus:Director1 2024-04-01 2025-03-31 11236001 bus:Director2 2024-04-01 2025-03-31 11236001 core:FurnitureFittings 2024-04-01 2025-03-31 11236001 core:ComputerEquipment 2024-04-01 2025-03-31 11236001 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 11236001 (England and Wales)

# ALGEBRA DIGITAL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ALGEBRA DIGITAL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ALGEBRA DIGITAL LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
ALGEBRA DIGITAL LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

Directors | Mr T R F McCarron
| Mr M Rowe

Registered office | 86-90 3rd Floor
| Paul Street
| London
| EC2A 4NE
| United Kingdom

Company number | 11236001 (England and Wales)

Accountant | Kreston Reeves LLP
| 9 Donnington Park
| 85 Birdham Road
| Chichester
| West Sussex
| PO20 7AJ

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALGEBRA DIGITAL LIMITED

For the financial year ended 31 March 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALGEBRA DIGITAL LIMITED (continued)

For the financial year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Algebra Digital Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 12 from the Company’s accounting records and from information and explanations you have given 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 www.icaew.com/regulation.
It is your duty to ensure that Algebra Digital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Algebra Digital Limited. You consider that Algebra Digital Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Algebra Digital Limited. 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 statutory financial statements.

This report is made solely to the Board of Directors of Algebra Digital Limited, as a body, in accordance with the terms of our engagement letter dated 12 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Algebra Digital Limited and state those matters that we have agreed to state to the Board of Directors of Algebra Digital Limited, 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 Algebra Digital Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

19 March 2026

ALGEBRA DIGITAL LIMITED

## BALANCE SHEET

As at 31 March 2025
ALGEBRA DIGITAL LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 14,113 |  | 13,373
|  | 14,113 |  | 13,373
Current assets |  |  |  |
Debtors | 5 | 272,903 |  | 150,062
Cash at bank and in hand |  | 45,231 |  | 41,447
|  | 318,134 |  | 191,509
Creditors: amounts falling due within one year | 6 | ( 319,641) |  | ( 218,210)
Net current liabilities |  | (1,507) |  | (26,701)
Total assets less current liabilities |  | 12,606 |  | (13,328)
Creditors: amounts falling due after more than one year | 7 | ( 1,689) |  | ( 12,231)
Provision for liabilities | 8 | ( 2,779) |  | ( 3,048)
Net assets/(liabilities) |  | 8,138 |  | ( 28,607)
Capital and reserves |  |  |  |
Called-up share capital |  | 102 |  | 102
Other reserves |  | 2,228 |  | 413
Profit and loss account |  | 5,808 |  | ( 29,122 )
Total shareholders' funds/(deficit) |  | 8,138 |  | ( 28,607)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Algebra Digital Limited (registered number: 11236001) were approved and authorised for issue by the Board of Directors on 19 March 2026. They were signed on its behalf by:

Mr T R F McCarron Director |

ALGEBRA DIGITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ALGEBRA DIGITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Algebra Digital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 86-90 3rd Floor, Paul Street, London, EC2A 4NE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Share-based payment

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of shares that will eventually vest and adjusted for the effect of non-market-based vesting conditions.
The fair value of the share options has been provided by external specialist.
Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 9 |  | 8

#### 3. Share-based payments

Equity-settled share-based payment schemes

Certain employees of the Company have been granted options over the shares in Algebra Digital Limited. The options are granted with a fixed exercise price, are excisable on an exit event and expire 16 weeks after the employee leaves or after a 90 day period commencing on an exit event.

Details of the share options outstanding during the financial year are as follows:

| 2025 |  | 2024
| Weighted Average |  | Weighted Average
| Number of share options | Average exercise price (£) |  | Number of share options | Average exercise price (£)
Outstanding at beginning of period | 36,000 | 0.065 |  | 0 | 0
Granted during the period | 0 | 0 |  | 36,000 | 0.065
Outstanding at the end of the period | 36,000 | 0.065 |  | 36,000 | 0.065
Exercisable at the end of the period | 0 | 0 |  | 0 | 0

The fair value of the share options at the grant date was provided by external specialists.
The total charge for the year was £1,815 (2024: £413). There are no liabilities (2024: £nil) arising from these share-based payments during the period.

#### 4. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 1,809 |  | 28,185 |  | 29,994
Additions | 551 |  | 4,059 |  | 4,610
At 31 March 2025 | 2,360 |  | 32,244 |  | 34,604
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 882 |  | 15,739 |  | 16,621
Charge for the financial year | 347 |  | 3,523 |  | 3,870
At 31 March 2025 | 1,229 |  | 19,262 |  | 20,491
Net book value |  |  |  |  |
At 31 March 2025 | 1,131 |  | 12,982 |  | 14,113
At 31 March 2024 | 927 |  | 12,446 |  | 13,373

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 72,684 |  | 47,411
Other debtors | 200,219 |  | 102,651
| 272,903 |  | 150,062

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,529 |  | 10,204
Trade creditors | 6,725 |  | 26,578
Corporation tax | 56,116 |  | 23,458
Other taxation and social security | 200,841 |  | 105,747
Other creditors | 45,430 |  | 52,223
| 319,641 |  | 218,210

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,689 |  | 12,231

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 3,048) |  | ( 2,757)
Credited/(charged) to the Statement of Income and Retained Earnings | 269 |  | ( 291)
At the end of financial year | ( 2,779) |  | ( 3,048)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 3,528) |  | ( 3,343)
Pension surplus | 192 |  | 192
Share schemes | 557 |  | 103
| ( 2,779) |  | ( 3,048)

#### 9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 770 |  | 1,343

#### 10. Related party transactions

Transactions with the entity's directors

During the year the Company provided a director with a loan at official HMRC rates of interest. Amounts advanced totalled £97,368 (2024: £73,032) and amounts repaid totalled £74,153 (2024: £87,088). At the year-end £64,543 (2024: £41,328) remained outstanding.

#### 11. Loans

Analysis of the maturity of loans is given below:

| 2025 |  | 2024
| £ |  | £
Amounts falling due within one year - Bank loans | 10,529 |  | 10,204
Amounts falling due 1-5 years - Bank loans | 1,689 |  | 12,231
| 12,218 |  | 22,435

#### 12. Reserves

Other reserves

The other reserves represents the cumulative effect of the net change in the fair value of the EMI share options granted.