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REGISTERED NUMBER: 13000558 (England and Wales)

Tixly Ltd

Unaudited Financial Statements for the Year Ended 31 December 2025

| Tixly Ltd (Registered number: 13000558) |

Contents of the Financial Statements

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Tixly Ltd |

Company Information

for the year ended 31 December 2025

| DIRECTORS: | T J Finnbogason

| P W G Morsman

| H S Jonsdottir

| REGISTERED OFFICE: | One New Street

| Wells

| Somerset

| BA5 2LA

| REGISTERED NUMBER: | 13000558 (England and Wales)

| ACCOUNTANTS: | Webb & Co Ltd

| Accountants and Business Advisers

| One New Street

| Wells

| Somerset

| BA5 2LA

| Tixly Ltd (Registered number: 13000558) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,773 |  | 1,688 |  |

CURRENT ASSETS

Stocks | 53,960 |  | 36,492 |  |

Debtors | 5 | 71,452 |  | 75,713 |  |

Cash at bank | 27,621 |  | 59,941 |  |

153,033 |  | 172,146 |  |

CREDITORS

Amounts falling due within one year | 6 | 40,060 |  | 93,238 |  |

NET CURRENT ASSETS | 112,973 |  | 78,908 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 114,746 |  | 80,596 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 344,524 |  | 337,157 |  |

NET LIABILITIES | (229,778 | ) | (256,561 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Retained earnings | (229,779 | ) | (256,562 | ) |

SHAREHOLDERS' FUNDS | (229,778 | ) | (256,561 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Tixly Ltd (Registered number: 13000558) |

Balance Sheet - continued

31 December 2025

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2026 and were signed on its behalf by:

P W G Morsman - Director

| Tixly Ltd (Registered number: 13000558) |

Notes to the Financial Statements

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Tixly Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents the fair value or consideration received or receivable in respect of services provided in the ordinary course of business, excluding value-added-tax (VAT) and trade discounts. Revenue is recognised when the significant risks and rewards of ownership of the tickets have been transferred to the customer, and it is probable that economic benefits associated with the transaction will flow to the entity.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 33% on cost and 20% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Tixly Ltd (Registered number: 13000558) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 January 2025 | 2,630 |  |

| Additions | 1,394 |  |

| At 31 December 2025 | 4,024 |  |

| DEPRECIATION

| At 1 January 2025 | 942 |  |

| Charge for year | 1,309 |  |

| At 31 December 2025 | 2,251 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,773 |  |

| At 31 December 2024 | 1,688 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 42,003 |  | 52,275 |  |

| Other debtors | 29,449 |  | 23,438 |  |

71,452 |  | 75,713 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 60,480 |  |

| Taxation and social security | 21,245 |  | 19,057 |  |

| Other creditors | 18,815 |  | 13,701 |  |

40,060 |  | 93,238 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | 344,524 |  | 337,157 |  |

| Tixly Ltd (Registered number: 13000558) |

Notes to the Financial Statements - continued

for the year ended 31 December 2025

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

9. | GOING CONCERN

| The major part of the company's working capital requirements are provided by a loan from Tixly ehf, the parent company.

| Directors of the parent company have indicated that the loan is repayable by 31 January 2027 The directors are confident that the company will continue to generate revenues in 2026.

| The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.